BTC hash rate returns to record high level!
BTC's hashrate fully recovered in just 6 months after China banned crypto, forcing miners to relocate.
Despite the market correction, the total hash rate was 180.5 million T/h per second, almost approaching its ATN of 180.67 T/h in May, according to Blockchain.com.
Even before the ban on BTC miners, China had a 70% share of the global hash rate. But the situation has changed, and we see a recovery to previous values. And the U.S. is now the leader in the largest share of BTC hashrate at 42%. This is definitely a positive factor, as China has "played the role of monopolist".
