By Landon Manning Although the worldwide bitcoin mining hash rate, which determines the rate at which new bitcoin are produced, dropped dramatically after China’s recent crackdowns on the industry, new data suggests that it is on the brink of complete recovery. In May 2021, The People’s Republic of China implemented a new strategy in its recurring attempts to curtail bitcoin mining and use in the country: targeting not only exchanges, but also the many bitcoin mining businesses that were located in the country. With Chinese miners taking advantage of a number of cheap electricity sources, from things like coal in...