Bitcoin Hash Rate Hits New All-time High

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The Bitcoin hash rate has made a new all-time high, fully recovering from the Chinese bitcoin mining ban this summer. The network is stronger than ever, having risen by over 114% in five months to fully recover from the more than 50% drop after the Chinese crackdown.

The Bitcoin hash rate hits 181.77 EH/s, breaking previous all-time highs of 180.82 EH/s (7-day moving average) — source: Coin Metrics.

China started increasing its regulatory scrutiny towards the industry in April. Bitcoin Magazine reported that Beijing officials had begun examining the energy usage of local Bitcoin miners, as an “emergency notice” was sent to data center operators in the city to gauge information about cryptocurrency mining, including the amount and share of power consumed by the activity.

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