Chinese Bitcoin Mining Farms Hit Hard by Floods, Hash Rate Crashes Across Mining Pools


Source: otcpm24.com otcpm24.com

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Bitcoin hash rate is reaching new all-time highs as the price surges above $12,000 to a 13-month high. The hash rate of the largest network had a rocky start to 2020, seeing a huge drop following the March price crash and then due to May 11th halving . But now it has fully recovered and even eclipsed the previous levels. This means the fundamentals are bullish, and network security is stronger than ever. Bitcoin miner revenue, which has become more dependent on trading fees following the halving, has also been growing. Thanks to the average trading fee rising from $0.81...