Weekly report of CoinWise (June 10-June 17)

As of 10:00 a.m. on June 17, the total Bitcoin network computing power was 54.83EH/s . The current network difficulty is 7.41 T. It is predicted that the next difficulty will increase by 2.05% to 7.56T . There are 10 days and 17 hours left before the adjustment .

Litecoin's second halving will take place on August 6, 2019 , with 49 days left

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

Weekly News

Relocation and closure: Sichuan, the "mining capital", is facing the strongest supervision

The Bitcoin mining capital is in Sichuan, and one-third of Sichuan’s available hydropower comes from Ganzi.

For miners, starting from the end of May this year, the hydropower-rich Ganzi Prefecture no longer seems to be "safe".

Starting from May 27, multiple departments in Kangding City, the capital of Ganzi Prefecture, set up a working group to investigate and rectify the Bitcoin mines on the Dadu River.

Under the high pressure of supervision, some miners who had just settled in Ganzi began to move out. The owners of the Ganzi mines that were still operating were also on pins and needles.

Tron Justin Sun promotes "Buffett Charity Lunch" to Silicon Valley for the first time

Justin Sun has changed the location of his $4.6 million lunch with Warren Buffett from New York to the "tech hub" of Silicon Valley. This is the first time the charity lunch has ever been held in San Francisco.

Shenyu is angry and exposes the "block deduction attack" in the mining circle, and the undercurrent in the mining pool world is surging

In the past two days, the news of the head-on competition between Gree and Aux Air Conditioners has grabbed the headlines of major media outlets.

Gree reported under real name that 8 models of air conditioners produced by Aux were falsely advertised and failed to meet energy efficiency standards. Aux said that the other party maliciously spread rumors and engaged in unfair competition.

On the 12th, two Weibo posts by Shenyu, the founder of the famous Chinese mining pool F2pool, stirred up waves in the mining industry. Shenyu said that Chinese competitors were muddying the waters, charging relatively low fees in name, but secretly adjusting the displayed computing power of the mining pool. They even offered low fees to attract computing power when miners first joined the mining pool, and later raised the fees dynamically under the guise of "manual functions", ranging up to 5%-10%, to deceive miners.

In addition, he also exposed a "black trick" in the mining circle. "Even worse, some people use computing power to carry out long-term block-withholding attacks on other mining pools. What's funny is that the total network computing power of a certain major currency (calculated based on difficulty) and the actual total network mining pool computing power have long been 1/4 different, which means that 1/4 of the computing power is used for block-withholding attacks, suppressing competitors, and causing other pools to lose money and go bankrupt." He said.

Monero developers resist ASIC RandomX algorithm code freeze date expected to be July

According to CoinDesk on June 12, the developers behind the privacy coin Monero are stepping up their efforts to prevent professional mining hardware from running on their cryptocurrency network. Howard Chu, founder and CTO of computer software company Symas Corporation, said that four different audits of RandomX are being completed and the code freeze date is expected to be July.

A young CEO committed suicide. The story behind the tragedy of leverage

On the afternoon of June 10, a piece of news spread in the cryptocurrency circle: Hui Yi, the founder of BitEasy, committed suicide on June 5 at the age of 42. Multiple sources confirmed to Odaily Planet Daily that Hui Yi had indeed passed away.

Hui Yi is a serial entrepreneur who started two businesses in the P2P field. In 2017, he switched to digital currency and founded BitEasy, a cryptocurrency data analysis platform.

According to a Weibo user named "TheMonero", the direct cause of Hui Yi's suicide was a loss of 2,000 BTC due to a futures liquidation. Upon hearing this, many blockchain practitioners lamented that they should stay away from futures. However, there is currently no solid evidence to confirm this rumor.