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The daily hash rate of the first cryptocurrency network reached 191 EH / s. It is the second highest after the 198 EH / s peak on April 15, 2021, according to Blockchain.com.
The seven-day average, excluding short-term fluctuations, renewed its maximum since May 14 – 168 EH / s against 181 EH / s.
According to Glassnode, the smoothed seven-day moving average hashrate reached 172 EH / s. At its peak in May, it stood at 182 EH / s.
The computing power of the bitcoin network has plummeted from May highs amid the crackdown on mining launched by the Chinese authorities. As a result of the equipment shutdown by miners in the country by the end of June, the hash rate fell to the levels of July 2019.
The indicator showed signs of recovery a month later, as equipment removed from the PRC returned to the network. Experts named the USA, Canada and Kazakhstan as the main directions of mining relocation from the country.
In August, the United States displaced China from its long-standing position as the leader in hashrate share, taking 35.4% of the total. In May, the figure was 17.8%.
As a reminder, the specialists at Bitfury Group have calculated that the total computing power of devices disconnected in the PRC for bitcoin mining was 90 EH / s.
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