Difficulty will continue to decline | Mining market data released in the second week of July

Difficulty will continue to decline | Mining market data released in the second week of July


Xinjiang, Inner Mongolia, Qinghai, Yunnan, Sichuan, and Anhui have begun to promote the withdrawal of crypto mining projects. As the withdrawal work began, the Bitcoin hash rate continued to fall. The latest data shows that the average Bitcoin hash rate is 96.6EH/s, slightly higher than the previous 90.5EH/s. Data estimates that at the next reset, the mining difficulty may drop by 11.08%, which is a slightly slower trend than the last drop of more than 20%.

Analysts say that with the gradual completion of the liquidation work and the gradual stabilization of the migration of remaining miners, the Bitcoin network has become stable, the computing power has gradually stabilized, and the degree of difficulty reduction will naturally decrease accordingly.

There is not much active computing power in China now, and the remaining ones may continue, or they can also ship their equipment overseas to another place. Public information shows that some virtual currency mining farms have settled in Kazakhstan, Texas, Iran and other places. It is worth celebrating that the search for clean energy is also developing along with the migration of miners.

Market report of popular mining machines in the first week of July: The latest data is from 2021.7.09 to 2021.7.15. The mining machine market reference is shown in the figure below.

The following mining machine market information is compiled by VeryHash and is for reference only.

Disclaimer: No fees are charged for the mining machines mentioned in this article.

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