Bitcoin Hashrate Mints New All-Time Highs

Bitcoin Hashrate Mints New All-Time Highs
Hashrate figures for Bitcoin set new highs on Sunday night after crossing previous highs from mid-2021, data from analytics tool Glassnode show.Hashrate refers to the amount of computational power used by miners dedicated to the minting of new bitcoins and verification of new transactions on the Bitcoin network. Millions of calculations are solved each second to ‘win’ new blocks, in a process broadly called mining.Higher hashrates mean a stronger and more secure network, making it hard for a group of attackers to execute an ill-fated 51% attack and gain control of the network.But the upkeep of such intensive machinery is…