Bitcoin hash rate tripled since June 28
The hash rate of the Bitcoin network has grown markedly since the moment, when there was an instant downturn at the beginning of the year due to the restriction of cryptocurrency mining in China.
According to CryptoQuant, the Bitcoin hash rate exceeded 150 Exahashes, or one quintillion hashes per second. On August 24, the hash rate was 152 EH / s, which has tripled since June 28, when it hit a low of 52 EH / s.
Recovering the BTC hash rate means the network is again much more secure and harder to attack.
According to Bitinfocharts, the average bitcoin hash rate hit an all-time high of 197.6 EH / s on May 13. Over the next six weeks, it fell more than 65% due to a massive shutdown of Chinese miners, which the country’s government banned from working.
This indicator is now approaching the levels of early June and, if the trend continues, may reach a new all-time high over the next few months.