Bitcoin hashrate has recovered to the levels seen in early June. This means that miners are connecting to thenetworks after bans in China.
According to the CryptoQuant chart, Bitcoin hashrate has reached 150 EH/s. Back on July 28th, the network hashrate dropped to 52 EH/s.
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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Based on materialscointelegraph.com
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