Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban
The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year.
According to the latest data, the hashrate of the Bitcoin network has accelerated higher through the month of December, hitting more than 179.5 Ehash/s as of Thursday based on a 7-day moving average of the hashrate.
The reading is just shy of the all-time high from before the ban of 182.9 Ehash/s, which coincidentally was recorded right before the Chinese government forced miners there to shut down.
The hashrate is a measure of the computing power that is dedicated to mining Bitcoin globally. The number dropped to
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