Bitcoin Hash Rate Hits New All-time High
The Bitcoin hash price has made a brand new all-time excessive, totally recovering from the Chinese language bitcoin mining ban this summer season. The community is stronger than ever, having risen by over 114% in 5 months to completely recuperate from the greater than 50% drop after the Chinese language crackdown.
The Bitcoin hash price hits 181.77 EH/s, breaking earlier all-time highs of 180.82 EH/s (7-day shifting common) — supply: Coin Metrics.
China began rising its regulatory scrutiny in direction of the business in April. Bitcoin Journal reported that Beijing officers had begun analyzing the power utilization of native Bitcoin miners, as an “emergency discover” was despatched to knowledge middle operators within the metropolis to gauge details about cryptocurrency mining, together with the quantity and share of energy consumed by the exercise.
