Bitcoin Hash Rate Hit a Record Average High
Before the surge of Bitcoin above $12k, its seven-day average hash rate reached a new peak of 129.075 TH/s on August 16.
Noteworthy, that the YTD growth of the Bitcoin price outperforms the YTD growth of the Bitcoin Hash Rate by 112%.
Mining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack.