The hashrate of Bitcoin, the largest cryptocurrency in the market by market capitalization, has recovered after it plunged a few months ago dragged down by the crackdown on mining in China.
According to data provided by analytics resource CryptoQuant, the indicator has now surpassed 150 Exahashes, or one quintillion hashes, per second.
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Notably, in particular, the hashrate of the crypto reached 152 EH/s last August 24, 3 times higher than the 52 EH/s recorded on June 28.
The higher the hashrate, the more secure the network becomes against possible attacks and manipulations.
According to Bitinfocharts, the Bitcoin hashrate hit an all-time high of 197.6 EH/s on May 13, however, it dropped by 65% over the following 6 weeks as Chinese mining companies started to shut down their devices.