Bitcoin Cash Hash Rate 2Xs Overnight as 'Phoenix' Launches
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Bitcoin Cash’s hash rate surged overnight. The surging BCH hash rate is raising questions about the sudden change. Roger Ver was released from jail, but his troubles are far from over. The hash rate measures the health and security of a blockchain network. It represents the computational power dedicated to mining, with higher rates signifying increased network strength and attack resistance. For Proof of Work blockchains like Bitcoin Cash (BCH), the hash rate refers to the number of guesses per second needed to match the target hash and earn mining rewards. On Tuesday evening GMT, Bitcoin Cash experienced a
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