![image.png](https://images.hive.blog/DQmdxd19tG6ptu3xX6PSAExDBDEf5oBtjoLvFaWGpz7dGZb/image.png)[<sup>(Source)</sup>](https://www.scmp.com/tech/policy/article/3134473/china-escalates-crackdown-bitcoin-mining-trading)

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Bitcoin network hash rate is steadily recovering after the recent Chinese crackdown on local crypto mining industry. It seems that the displaced miners have started to resume their mining operation in territories like Kazakhstan, Canada and US. Bitcoin network dropped from all time high of 198 EH/s to 84 EH/s in just 21 days as result of China's mining moratorium.</div>


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But now it seems there is a recovery in progress as network hash rate is recovering steadily. Networks hash rate recovered to 104.6 EH/s on  July 20 before drooping a little and is currently at 102.9 EH/s. It is expected that more hash rate will be added to the network gradually as the switched off mining equipment from China will continue getting turned on. Increasing bitcoin prices will also provided impetus to the miner to resume their mining operations.</div>

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Back in 2019 China peaked as global Bitcoin hash rate contributor, contributing 75.53% of network's hash rate. Although the recent mining crackdown have seriously affected the Chinese miners, but still China stands out at 46.04% of the global Bitcoin hash rate contribution. Several other territories offering incentives to migrating Chinese miners have seen improvement in their mining hash rate contributor e.g. US mining hash power share has increased to 16.85%.</div>

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Whereas many remains optimistic about the Bitcoin's future, but China still holding 46.04% of global Bitcoin hash rate remains a constant threat, as there is no way to predict when the next Chinese mining crackdown will happen.</div>

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![158817836372645504 45.png](https://files.peakd.com/file/peakd-hive/xabi/vzEZjOB9-1588178363726455042045.png)

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