Miner expansion represents the increase in the operational capacity of cryptocurrency miners, often measured by a rise in hash rate or the deployment of more mining hardware. This indicates growing investment in the network’s security and processing power, signaling confidence in the long-term profitability of mining. It contributes to the robustness and decentralization of a proof-of-work blockchain.
Context
News frequently covers miner expansion as an indicator of network health and security for proof-of-work cryptocurrencies like Bitcoin. Increased miner participation suggests a more secure and resilient network, which can positively influence investor sentiment. Regulatory changes or energy costs can significantly impact miner expansion trends, making it a key topic in crypto news.
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