The hash rate has increased by more than 50% since the mid-July slump.
Bitcoin’s hash rate continues to move in contrast with the asset’s price as it charted yet another new all-time high recently.
Generally, it declines during the summer months as many countries prohibit local miners to do their job due to high electricity demand. This was evident in the past few months, as well as the metric dropped fromHowever, it began its recovery in the past few weeks as summer is coming to its end. In a matter of just over a month, the hash rate increased by over 50% and registered a new all-time high during the weekend of 265 Ehash/s.
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