Why is the growth in Bitcoin’s hash rate a useful indicator of miner confidence and network strength?
Why is this the correct answer?
This is correct because the hash rate measures the total computational effort securing the Bitcoin network. When the hash rate increases, miners are dedicating more hardware power, reflecting their belief that future rewards will justify the operational costs. A higher mining network measured in hashes per second">hash rate also makes the network more resistant to attacks, which further boosts overall confidence in Bitcoin’s reliability. Beginners should view a growing mining network measured in hashes per second">hash rate as both a sign of miner optimism and network robustness.
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