The Bitcoin hash rate increases tremendously in the first week of January 2023. It was indeed the all-time high harsh rate increment which will make Bitcoin mining difficulty increases. This is exactly what is expected to happen when there are lot of involvement in the Bitcoin mining network because there's going to be a tremendous increase in the difficulty of the Bitcoin mining.
The bitcoin is indeed a wonderful cryptocurrency that failed to go past the $17,000 mark for quite a long period of time but the hodlers are quite optimistic and they believed that bitcoin is to going to make a rebound very soon based on statistics of experts they have the notion that this particular cryptocurrency is going to increase tremendously. The all-time high rate of a bitcoin is now 290 EH/s . The Bitcoin mining network has a direct relationship with the price of Bitcoin because the mining maintains the overall bitcoin network which is really what the crypto enthusiast should not forget. This is going to raise the mining difficulty to a greater level because there are more involvement and more competition in the mining network. The Bitcoin network is really maintained by the miners in a significant way.
