Everyday seems to bring news record high in total hashing power from miners on the Bitcoin network. Just a few weeks ago, on March 2nd, the hash rate grew to 136 EHs, a record-breaking high. It shows no signs of slowing down, either.
The hash rate is the measuring unit of the Bitcoin Network's total processing power. The higher the hash rate is, the more secure the network is.
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But more security comes with a cost - difficulty goes up and miners make less money per unit of processing power. If you intend on mining, you better hurry. With hashing power always increasing, that means interest in Bitcoin mining has never been higher.
That’s why should familiarize yourself with some of the best-known mining pools if you want to start mining yourself. It is crucial to choose a pool that uses your processing power in the most efficiet way possible.