On May 2, the bitcoin network hashrate reached 58.1 EH / s. The last time such values were recorded at the end of October last year. This is evidenced by the data Blockchain.com.

Data Blockchain.com

Note that such dynamics can be triggered by the re-introduction of the outdated Antminer S9 models into the network, mining on which has once again started to bring profit due to the price increase of the first cryptocurrency. This indirectly confirms the rise in prices for such devices in the secondary market in China – from $ 140 to $ 250- $ 320, as reported by CoinDesk .

It is expected that this summer from 220 thousand up to 700 thousand devices besides those already working will join the Bitcoin network. The reason for this development will be a seasonal reduction in electricity tariffs in the Chinese provinces of Sichuan and Yunnan.

Nevertheless, this scenario is still under threat due to the potential ban on mining activities in China, which implies a new bill from the National Development and Reform Commission of China (NDRC).

Possible mining ban in China: implications and prospects https://t.co/jCfO1pYgO2 # mining # China # bitcoin pic.twitter.com/e1qwuJIE1a

– BlockchainJournal (@BlockchainJournal) April 19, 2019

Recall that the bitcoin hash rate set the absolute historical maximum at 61 EH / s at the end of August last year.

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