BTCST earnings per staked token increased after China cracked down on Bitcoin miners and the network’s hashrate dropped.
China’s ongoing crackdown on Bitcoin (BTC) mining resulted in a mass relocation of mining operations out of the country and it has led to a more than fifty percent drawdown in the Bitcoin network hashrate from an all-time high of 197.9 exahash per second (ehash/s) on April 15 to its current rate at 97 ehash/s.
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3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%