Earlier in the year when China renewed its hostilities towards the crypto industry, one metric that saw a negative effect of the crackdown was the Bitcoin mining hashrate that plummeted by more than 50% during this period largely because crypto miners were being pushed out of the Asian country.
Bitcoin mining hashrate recovers from China ban
With erstwhile Chinese miners finding new homes around the world, Bitcoin mining hashrate has begun an ascent to the top again as available data has shown that the metric has risen by around 80% within the last five months.
According to data from Coin Metrics, Bitcoin hashrate, during the peak of China’s crypto ban was as low as 84.79 exahashes per second (EH/s). That figure has now almost totally recovered as Bitcoin’s hashrate is now currently at 156.6 EH/s, after the mining of the flagship digital asset touched as high as 167.18 EH/s on November 17.
An intelligence report from Kraken has also predicted that the network hashrate migh
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