Bitcoin network computing power nears pre-China-crackdown record

Bitcoin networks are running at peak numbers again, mining with as much computing power as before China cracked down on the industry it deemed energy wasting. — AP Photo

The Bitcoin network is close to a complete recovery from the drop prompted by China’s crackdown on the cryptocurrency industry earlier this year.

The hash rate, which measures the computing power being put toward mining and processing transactions, peaked at around 180 million terahashes per second on May 14, according to data from Blockchain.com.