Bitcoin (BTC) has posted a fresh sign of recovery as its hash rate bounces back to levels from earlier March'south crash.

Co-ordinate to data from monitoring resource Blockchain, as of April xv, Bitcoin's 7-24-hour interval average hash rate was 114 quintillion hashes per second (h/s).

BTC hash charge per unit hits early March levels

The concluding time the network recorded that full was on March 2. In the x days that followed, the boilerplate hash rate grew to a record of 123 quintillion h/southward before the events of "Black Thursday" on March 13 halted progress.

Bitcoin hash rate 1-year chart

Bitcoin hash charge per unit 1-yr chart. Source: Blockchain

Hash charge per unit refers to the overall computing ability that miners dedicate to solving equations needed for processing Bitcoin transactions.

The "higher" the hash rate effigy, the more than hashing ability is involved, which suggests that the network is more than resilient to attack from a malicious party and hence more than secure.

PlanB: Next difficulty adjustment "will be ballsy"

In reality, the hash charge per unit is an estimate, equally the true make-upwardly of the decentralized network is impossible to ascertain in definite terms.

Nonetheless, a strong hash charge per unit showing has traditionally buoyed analysts. Every bit Cointelegraph reported, RT host Max Keiser has frequently argued that jumps in the Bitcoin price tend to follow similar hash charge per unit moves.

On March xiii, when BTC/USD crashed to effectually $3,700 on exchanges, the hash rate fell below 100 quintillion h/south. Thereafter, a xvi% retargeting in Bitcoin'south mining difficulty addressed the residual and sparked the recovery.

The next retargeting should be a meaning upwardly boost of around 10%,  something analyst PlanB described as "epic" in comments this calendar week.

As explained before this month, the difficulty adjustment mechanism is a key component that allows Bitcoin to function as self-regulating "hard" coin, which is gratuitous of manipulation.