Ether mining declines by 23% after China's crackdown on Crypto over June
Shortpedia
Content Team
Image Credit: shortpedia
Since China's crypto crackdown, mining activity on the Ethereum network has decreased by roughly a quarter. The drop might possibly be the effect of an imminent big upgrade to ethereum, according to analysts. Since hitting record highs in mid-May, ether has dropped by about 40%. The decline in mining has exacerbated the situation. China thinks that the improvements would improve the system's long-term viability, security, and scalability.
