Bitcoin and Ethereum hash rates are growing. Miners are already working outside of China

Bitcoin and Ethereum hash rates are gradually recovering as miners complete their move toother jurisdictions.

According to The Block Dashboard, the hashrate of bitcoin has been held above 100 EH / s for the past three weeks.

After the authorities of several provincesissued a demand to stop the supply of energy for money, the Bitcoin hash rate dipped to an annual low below 90 EH / s. Given the recovery, it is expected that the next readjustment of the mining difficulty will increase it by 4%. Recall that since the beginning of May, the difficulty of mining has dropped 4 times in a row.

Ethereum's hashrate fell nearly 20% after news of the ban, but has since recovered above 500 TH / s.

The increase in hashrate may mean that some of the former Chinese miners have already moved to a new location and connected equipment. 

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Based on materialswww.theblockcrypto.com