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Bitcoin network hashrate hits all-time high after China crypto ban

December 11, 2021
Source: techtelegraph.co.uk techtelegraph.co.uk
News Snapshot:
Bitcoin network hashrate hits all-time high after China crypto ban December 10, 2021 Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hashrate, a term used to describe the computing power of all miners in the bitcoin network. China had long been the epicenter of this industry, with past estimates indicating that 65% to 75% of the world’s bitcoin mining happened...
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