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Bitcoin network as strong as ever despite China’s ban, say experts
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cnbctv18.comBitcoin has had a roller coaster of a year with dizzying high prices, record slumps, increased popularity and more hostile regulations. One of these events was China’s complete ban on Bitcoin mining, and other activities related to cryptocurrencies, which took more than half of the world’s Bitcoin miners offline.However, less than six months later, the global hash rate of Bitcoin has already bounced back.
According to data from blockchain.com, Bitcoin’s hash rate has not only made a complete recovery but is now higher than what it was before China’s ban. The cryptocurrency’s total hash rate in terahashes per second (TH/s) is up by 113 percent in the last five months.What is hash rate?Hash rate refers to the amount of computing power per
. Read more on cnbctv18.comAbout this in other media
Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban cryptonews.com /3 years ago
Bitcoin, Stocks Largely Unmoved as China Evergrande is Declared in Default cryptonews.com /3 years ago
Bitcoin dips below $50K as Evergrande defaults on US dollar debt cointelegraph.com /3 years ago
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