Ethereum Hashrate Drops 25% on China Mining Exodus

[Ethereum Price Analysis: ETH Finally Breaks Above The Critical EMA-200 And Aims For $200] Ethereum Hashrate Drops 25% on China Mining Exodus Ethereumࢀ™s hashrate has plummeted more than 25% since its peak level in mid-May. This is the direct result of Chinaࢀ™s crackdown on cryptocurrency mining and the resultant exodus of mining operations. According to Bitinfocharts, the Ethereum network hashrate hit an all-time high of 585.5 TH/s (terahashes per second) on May 20. In the weeks that followed it slumped to a three-month low of 434.3 TH/s. The 26% decline over just six weeks has been the one of the…