Mining Weekly Report: Litecoin Halving Countdown: Ebang International IPO Failed (June 17-June 24)

As of 10:00 am on June 24, the total hashrate of the Bitcoin network was 56.70EH/s . The current difficulty of the entire network is 7.41 T. It is predicted that the difficulty will increase by 3.82% to 7.69 T next time. There are still 3 days left before the adjustment. 4 hours a day .

Litecoin's second halving will take place on August 5, 2019 , with 42 days left

The following figure shows the weekly dynamics of mainstream currencies from June 10 to June 17, 2019

Weekly News

Monero: You have mining machines and money, can't I just change the algorithm?

Recently, the developers of Monero announced that they will cooperate with the serverless storage protocol Arweave to verify a new ASIC-resistant mining algorithm RandomX, which will replace the CryptoNight algorithm once the audit is successful. The algorithm change directly turned the original mining machine into a pile of scrap metal.

The whole story of the feud between Bitmain and Biyin mining pool

Recently, there were reports that Bitmain sued its former executives, including CEO Pan Zhibiao, who is now the co-founder of CoinIn Mining Pool; COO Zhu Yu; and CTO Li Tianzhao, claiming that they had violated the non-compete agreement and demanded that Pan Zhibiao pay US$4.3 million (nearly RMB 30 million) in compensation.

TAMC Research Institute: Mining Market Revenue Report in May 2019

This report provides mining income of mainstream POW mining coins, and the static payback time calculated by the unit computing power income on a certain day is for reference only. There are three main factors that affect the payback period of miners: coin price, total network computing power and mining machine price. The shorter the payback period, the better the current market's money-making effect, and the higher the possibility of potential large capital entering the mining market. The current market rebound is more favorable to the mining industry. Cheap hydropower in the flood season will reduce the electricity cost of mining, increase miners' income, and the increase in coin prices will help form a virtuous circle.

A new era for Bitcoin! Bloomberg and other 20 top media outlets comment on Facebook's cryptocurrency Libra

In one day, Facebook made headlines in business media around the world.

The newly released cryptocurrency project Libra has brought a lot of attention to Facebook, but it has also caused it to fall into more saliva. The debate surrounding Facebook's cryptocurrency has not dissipated because of the product launch, but more and more problems. Why did Facebook launch the cryptocurrency project Libra? Will traditional finance be impacted? What impact will Bitcoin and other cryptocurrencies have? There are many different opinions, and no consensus.

Ebang International's IPO application failed, and the three major mining machine manufacturers all failed in their IPO journey

According to the official website of the Hong Kong Stock Exchange, Ebang International, one of the three largest Bitcoin mining machine manufacturers in China, has made no follow-up progress after submitting its prospectus to the Hong Kong Stock Exchange for the second time on December 20, 2018, and it is currently displayed as invalid.