[Technology] Bitcoin network approaches hash rate before crackdown in China Bitcoin Network reports that computing performance (estimated total terahashes per second) has almost recovered after the ban on cryptocurrency mining in China in early July. [Bloomberg](//www.bloomberg.com/news/articles/2021-12-09/bitcoin-network-computing-power-nears-pre-china-crackdown-record?srnd=premium-europe) .. Most of the recovery was driven by the relocation of China’s mining farms to other countries and the deployment of new farms in countries such as the United States. Cumulative terahashes per second (TH / s) peaked at about 186.66 million TH / s on May 14, after Chinese authorities banned domestic cryptocurrency mining. By July 4, it had dropped to 86 million...