Data from Blockchain.com shows that the Bitcoin network’s hash rate has recovered to levels not seen since China banned mining in the country back in May. Between May and July, the hash rate plummeted before rising again as miners moved their operations. The hash rate is important because it shows how much computing power is performing Bitcoin mining. Miners have their computers performing intensive work and if they’re lucky, they receive a Bitcoin payout. Part of the miners’ work also involves processing transactions. When there’s a backlog of transactions, the price for transferring Bitcoin can go up so with the…