September 19, 2021

Bitcoin hashrate has tripled since June

Bitcoin hashrate has tripled since June

Bitcoin hashrate has recovered to early June. This means that miners are reconnecting to networks after the bans in China.

According to the CryptoQuant chart, Bitcoin hashrate reached 150 EH / s. On July 28th, the network hash rate dropped to 52 EH / s.

Bitcoin hashrate has tripled since June

On May 13, the Bitcoin hash rate reached its all-time high of 197.6 EH / s. It fell 65% over the next six weeks after the Chinese government banned cryptocurrency mining.

Now the hash rate is approaching the June levels and, if the upward trend continues, it will be able to update the historical maximum within a few months.

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According to the materials cointelegraph.com