Bitcoin Hash Rate Near Full Recovery from China Ban, Close to New All-Time High

Bitcoin Hash Rate Near Full Recovery from China Ban, Close to New All-Time High


  • The Bitcoin community hash charge is close to full restoration from China’s ban of mining.
  • The metric has elevated over 80% previously 5 months and is near a brand new all-time excessive.
  • Bitcoin has demonstrated deep resiliency and antifragility within the face of a extreme stress check and is about to beat that utterly.

The Bitcoin hash charge has showcased deep resiliency because the Chinese language bitcoin mining ban, having climbed over 80% in 5 months to get near its earlier highs.

When the nation with the biggest share of Bitcoin hash charge on the time started imposing nationwide efforts to crack down on the industry, a substantial quantity of miners have been compelled offline. Consequently, the Bitcoin community complete hash charge plummeted to 84.79 exahashes per second (EH/s) in early July, per Coin Metrics knowledge. The metric has since recovered virtually utterly, and on the time of writing, sits at 156.6 EH/s  lower than 16% away from a brand new all-time excessive. It has retracted from a neighborhood high made at 167.18 EH/s on November 17.

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