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After being beaten by China, Bitcoin mining finally started to recover

News Snapshot:

Jakarta, CNBC Indonesia – Mining bitcoin has completely recovered from China’s crackdown on crypto assets that left more than half of the world’s miners in a quandary earlier this year. China has long been the center of the industry, with previous estimates suggesting that 65% to 75% of the world’s bitcoin mining takes place there. But after Beijing effectively expelled the country’s crypto miners in May, more than 50% hashrate bitcoin drops off the global network. Recovery can be measured by looking at hashrate, the term used to describe the computing power of all the miners on the bitcoin network….

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