The hashrate of Bitcoin and Ethereum networks began to recover – Bits Media

Over the past week, the hash rate of the leading cryptocurrencies has been restored. This is due to the transfer of capacities from China, where mining prohibitions led to a shutdown of many farms.

Bitcoin hashrate has returned to the mark 100 Ehs. To the peak value 175 Ehs is still far away, However, this is a noticeable recovery compared to the recent fall below 90 Ehs. The prohibitions of the Chinese authorities led to the fall of the hashrate on 45% - To the levels of the beginning 2020 of the year.

On the network of the second cryptocurrency, the prohibitions of the Chinese authorities influenced less significantly - the fall was about 20%. But here, in recent years, there has been a trend in the restoration of the hashrate. If earlier the indicator is 475 Ehs, now he has again exceeded 500 Ehs.

The restoration of the hashReite is facilitated by the migration of mining equipment outside China. Some companies take out their devices to the United States, Others choose Kazakhstan or Russia. for instance, Russian company Bitriver, providing services for the placement of mining equipment in Siberia, signed with Chinese partners agreements for the placement of ASIC Mainers with a total capacity 150 MW.

Recently Russian Association of Cryptia and Blockchain (RAKIB) announced
On the launch of the project to attract miners to Russia. And Bit Digital moved
Almost 15,000 miners on the territory of the United States.