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Recovering from the Chinese ban, Bitcoin mining is back in the game

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Recovering from the Chinese ban, Bitcoin mining is back in the game The Chinese crypto crackdown earlier this year that left nearly half of the world’s miners offline has completely recovered. The recovery is measured by hashrate, which is the combined computer power of all bitcoin miners. China had long been the industry’s hub, with estimates of 65-80% of global bitcoin mining occurring there. After Beijing effectively banned its cryptocurrency miners in May, more than half of bitcoin’s hashrate vanished. According to Blockchain.com, the network has fully recovered its losses as of Friday. The network’s hashrate has risen 113% in…

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