Today we received a new great news in the crypto world that bitcoin hashrate has again hit a new all time high with an increase of 15% from the last two weeks. This recent jump is not surprising news to bitcoin users as bitcoin has seen its hashrate rising over the past few months.
This has mainly been possible due to the rising interest in mining digital token despite Bitcoin trading lower day by day. Due to the increased competition between miners which have created improved mining networking and increasing efficiencies.
Many are predicting that this increasing in the hashrate will help the bitcoin start another bull period (same can be seen in today price again in not only bitcoin but all the Alt coins also). As hashrate meaning how many number to tries one can take to solve the bitcoin computational puzzles. Mining cost will increase as electricity cost will increase substantially which will not help the miner break-up even in mining.