Bitcoin mining has really recovered from China's crackdown. Recovery is measured by looking at the hashrate, a term used to describe the computing power of all the miners on the bitcoin network.

China has long been the center of the industry, with previous estimates suggesting 65 percent to 75 percent of the world's bitcoin mining takes place there. However, after Beijing effectively expelled cryptocurrency miners in the country in May, more than 50 percent of bitcoin hashrates dropped from the global network.

Bitcoin mining has really recovered from China's crackdown. Recovery is measured by looking at the hashrate, a term used to describe the computing power of all the miners on the bitcoin network.

China has long been the center of the industry, with previous estimates suggesting 65 percent to 75 percent of the world's bitcoin mining takes place there. However, after Beijing effectively expelled cryptocurrency miners in the country in May, more than 50 percent of bitcoin hashrates dropped from the global network.

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