Bitcoin's computing power has taken it to new heights.

In mid-2021, the Bitcoin hash price indicator was fully recovered after the Bitcoin price fell after China announced the Bitcoin mining limit.

According to data from Glassnode analysis tools, the Bitcoin strength count jumped to 201 EH / S on January 1, from the April 2021 level.

Data from Glassnode analysis tools showed Bitcoin's performance in the transaction reached a new high on Sunday evening, with the previous high occurring in mid-2021.

Power metering refers to the amount of electronic data used to generate new bitcoin and confirm the exchange rate of the bitcoin network. In a process called mining, millions of solutions are solved every second to "win" the new block.

Higher power consumption means a stronger, more secure network, making it harder for hackers to complete 51% of attacks and making it harder for them to control the network.

However, the cost of monitoring this electrical system is very high and requires extensive knowledge. Due to the labor force and weather conditions, many miners have come to China in the past.

However, with China announcing total restrictions on Bitcoin mining in the last half of the year, Bitcoin's calculator went from 190EH / S in April 2021 to 61EH / S in June 2021.

At the time, data estimated that over 46% of the total energy demand for Bitcoin was supplied by Chinese miners. Since then, the ban has forced Chinese workers to travel to other parts of the world, including Kazakhstan, Iran and the United States.

But since then Bitcoin started to recover, and the network didn't take long to recover. According to data from Glassnode, Bitcoin metering energy jumped to 201 EH / S on January 1, beyond the April 2021 level.

Some engineers believe this recovery indicates an impact on the grid after last year's collapse.

Jameson Lopp, founder of Casa Wallet and developer of Bitcoin, tweeted Sunday night: Network elasticity. An important moment. "

The data shows that at the time of this writing on Monday morning, Bitcoin's count energy was around 189 EH / S.