Bitcoin’s hashrate has fully recovered & returned to all-time-high

Bitcoin’s hashrate has fully recovered in just six months after the world’s second biggest economy prohibited industrial bitcoin mining this summer.

That led to a fall of circa 75% from about 190 exahashes a second (EH/s) to a low of 58 EH/s on June 27th.

Since then however the hashrate has only seen up, with the bitcoin network once again now operating at 190 EH/s.

Despite this huge fall in hash, the network kept operating largely as normal throughout. So passing a significant test in regards to bitcoin’s ability to operate when the hardware comes under considerable stress.

The speed of six months for a full recovery is probably what one would have expected as it was an isolated event affecting just one country.

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