Bitcoin mining bounces back to levels not seen since China crackdown

Bitcoin mining worldwide has recovered to its peak level before China imposed in May a blanket ban on cryptocurrency trading, mining and related activities.The total hash rate, which measures the bitcoin network’s speed of mining new tokens and verifying transactions, reached an all-time high of nearly 182 million terahashes per second on Friday, surpassing the previous record of 181 million th/s on May 14, before falling back to 178 million th/s on Monday, according to estimates by…

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