Bitcoin hashrate has recovered to the levels seen in early June. This means that miners are joining the network again after the bans in China.
According to the CryptoQuant chart, the Bitcoin hashrate has reached 150 EH/s. Back on July 28th, the network hashrate dropped to 52 EH/s.
On May 13, the Bitcoin hashrate reached its historical record of 197.6 EH/s. Over the next six weeks, it fell by 65% after the Chinese government banned mining of cryptocurrencies.
Now the hashrate is approaching the levels of June and, if the growing trend continues, it will be able to update the historical maximum within a few months.
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According to cointelegraph.com
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