The Bitcoin Hashrate “V-Form” Recovery
Bitcoin hashrate

The Bitcoin Hashrate “V-Form” Recovery

Under three months after the Chinese state council banned bitcoin mining, hashrate has been picking up momentum with a V-shape recovery. ​The Bitcoin network’s one-month implied hashrate saw almost four months of steady increases since the beginning of 2021, topping at 166 exahashes per second (EH/s) in April. Throughout that month and the next, it…

Bitcoin Hashrate Boost: Banned Chinese Bitcoin Miners are Back again
Bitcoin Cryptocurrency hashrate

Bitcoin Hashrate Boost: Banned Chinese Bitcoin Miners are Back again

Bitcoin network data and a few news sources suggest the some of the formerly Chinese Bitcoin miners are back online.China moved to ban Bitcoin mining over the summer of 2021, and it looks like the miners who fled China have found new homes.Reports say that some of the miners have moved operations into nations like…

Bitcoin hashrate triples since June 28 in recuperation from China syndrome
Bitcoin hashrate

Bitcoin hashrate triples since June 28 in recuperation from China syndrome

Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown.