Bitcoin (BTC) Hash Rate Is Fully Recovered

The amount of computing power in the first cryptocurrency network has reached the level at which it was before the introduction of the ban on mining in China.

A couple of days ago, on December 10, the hash rate of the Bitcoin network reached 180 Eh/s, according to Blockchain.com. The last time the indicator was at this level was in mid-May, before a complete ban on cryptocurrency mining was introduced in China. After that, in July, the hash rate reached its lowest since 2019 at 84 Eh/s (down 53% from the high).

Chinese provinces began to introduce the first bans on mining at the end of May. In July, the State Energy Corporation of China formally requested all its customers not to use electricity to mine any cryptocurrency in all country regions. The migration of miners from China triggered the most significant drop in hash rate in the history of Bitcoin.

After the relocation of miners from China in August, the USA (35.4%), Kazakhstan (18%), and Russia (11%) became the leaders in bitcoin mining in the world. Before the restrictions were introduced, China ranked first in terms of the mining volume of the first cryptocurrency (46%). Just in four months, this indicator dropped down to zero.

Want to start trading Bitcoin? You can always do it on the LATOKEN exchange!

START TRADING BTC

Do you want to learn more about the most promising tokens through LATOKEN Review, and always stay up to date? To do this, just follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.

About LATOKEN

  • Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
  • Has over 2 mln registered users, over 1 mln Android app installs.
  • Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
  • VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
  • Advisory Board includes former CFOs from JP Morgan and Paypal.

Follow LATOKEN on social media to keep up with the latest news, and more!👇

Website

Twitter

Facebook

YouTube

Instagram

LinkedIn

Telegram Announcements

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.

--

--

--

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization. http://go.latoken.com/start

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

ENEX and CryptoDormFund

Real Opportunities for Bitcoin Growth? LATOKEN Review

Lab Podcast — Episode 107

Kylin Network Monthly Report #6

BCHDEVCON AMSTERDAM

How to Vip Stake on WingSwap

Breaking down Coinbase financials: How well the crypto exchange did over the last 3 years

How to make money from NFT Domains ?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
LATOKEN

LATOKEN

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization. http://go.latoken.com/start

More from Medium

How is trading executed in a DEX platform?

Risks and Disadvantages of Cryptocurrency- 2022:

THIS FREE STRATEGY COULD MAKE YOU MORE FORTUNE TRADING CRYPTOS even in a bear market.

Shard Token: Ecosystem, How To Use, Shard Crypto Future Prospects, SHARD Coin Price Prediction, And…