Hash Rates Are the Number of Guesses Per Second Competing to Add a Block to the Timechain — As of today, July 17, 2023, Bitcoin’s hash rate is 367.06 EH/s or 361,920,000 TH/s. The highest the Bitcoin hash rate has ever reached is 538.05 EH/s, or 538,050,000 TH/s. But what does that even mean and why does it matter? Before we break down these cryptic numbers, let’s discuss…