http://jaberwalk.victoryc.hop.clickbank.net/
The global hash rate of the Bitcoin (
$93,954.00 ) network has returned to all-time high (ATH) levels just six months after it saw a major crash during the aftermath of the Chinese government’s mining ban.
The global hash rate of the Bitcoin ( $93,954.00 ) network tanked as low as 84 EH/s at the start of June following the Chinese government’s crackdown on the crypto mining sector.
According to Blockchain.com, the global hash rate has increased by 108% since June, with the Bitcoin ( $93,954.00 ) network performing at a rolling seven-day average of 175 exahashes per second (EH/s) as of Dec. 8.
The figure is roughly 3% shy of the peak levels of 180 EH/s seen at the height of the previous bull cycle in May. It is a commonly held belief that the trends in hash rate correspond with the price of Bitcoin ( $93,954.00 ) , suggesting that there may be some positive price action on the horizon despite the overall gloomy sentiments present in the market at the moment.
Bitcoin ( $93,954.00 ) ’s total hashrate. Source: Blockchain.com
The actuality of the global hash rate ATH is hard to determine, however, as a lot of popular platforms differ in their estimates of the history and current performance of the Bitcoin ( $93,954.00 ) network. According to data from BitInfoCharts, the ATH in May hit 197 EH/s before dropping to the 68 EH/s mark in June. As of Dec. 8, the platform had BTC’s hash rate at 191 EH/s, while YCharts has the current performance at 186 EH/s.
Prior to the ban, China-based Bitcoin ( $93,954.00 ) miners accounted for a whopping 70% of the global hash rate. The landscape has shifted dramatically since then, with the United States becoming the nation that accounts for the majority of BTC’s hash rate at 42% as per estimates from the University of Cambridge’s Bitcoin ( $93,954.00 ) Electricity Consumption index.
