Bitcoin hash rate plunges after Chinese ban on bitcoin mining


The Bitcoin hash rate and mining difficulty have both touched new highs amid a choppy month for price.

The Bitcoin network now performs an average of 223.20 exahashes per second (EH/s), according to data from Coin Metrics, as computers race to win the bitcoin mining lottery and submit the next valid block. Along with hash rate, the bitcoin mining difficulty has also made a new high, data from BTC.com shows.

Much was talked about the Bitcoin network hash rate last year as China slowly progressed towards a full ban on the mining industry.



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