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BTC Bitcoin Mining Weekly Report is here Last week the computi

Date:2024-04-16 18:27:52 Channel:Exchange Read:
In the field of digital currencies, Bitcoin (BTC) has always been the center of attention. In the past week, the computing power of the entire network has once again hit a new high, attracting widespread attention. This phenomenon not only reflects the prosperity of the market, but also reflects the development trend of the digital currency industry. Let’s unveil last week’s Bitcoin Mining Weekly Report and explore the mysteries.
The surge in computing power across the entire network is one of the important indicators of the digital currency market. In the past week, the difficulty of mining Bitcoin has continued to rise, and the computing power of the entire network has once again set a new record. Behind this phenomenon, it reflects that the value of Bitcoin continues to be recognized, and miners are full of confidence in its prospects. From a technical perspective, the improvement of the computing power of the entire network also means that the security of the Bitcoin network is further enhanced, providing a solid foundation for the stable development of digital currency.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As the computing power of the entire network continues to improve, the competition for Bitcoin mining has become increasingly fierce. Miners have updated their equipment and optimized their computing power to meet the challenges. In this competition of digital currency, only by continuously improving the technical level can we stand out in the fierce competition. As stated in the Bitcoin white paper, mining is hard work that requires unremitting efforts and continuous investment.
In addition to competition at the technical level, Bitcoin mining is also affected by market factors. As the price of Bitcoin fluctuates, the profit model of mining is also constantly adjusted. Miners need to always pay attention to market dynamics and respond flexibly in order to remain invincible in the unpredictable world of digital currency. As the saying goes, "The market is unpredictable, and the only thing that remains unchanged is change itself." Only by following the pulse of the market can we remain invincible in the competition.
In the world of Bitcoin mining, in addition to technology and market, there is also endless passion and exploration spirit. Every miner is an explorer in the world of digital currency. They constantly challenge themselves, break through limits, and explore unknown possibilities. It is this spirit of continuous progress that drives the continued development of the Bitcoin network and injects continuous vitality and innovation into the entire digital currency industry.

This is the 7th issue of the BTC mining weekly report of the Mining Guide. This weekly report of the Mining Guide will show the development trend of Bitcoin from five aspects and provide more reference for everyone to mine.

Analyzed:

The computing power of the entire Bitcoin network is still rising slightly, currently at 75.15EH/s, and the next difficulty adjustment is expected to be on August 18. Market sentiment began to warm up and trading volume began to pick up.

1. Weekly computing power trend

The computing power of the entire Bitcoin network continues to hit new highs, currently at 75.15EH/s. As the difficulty continues to rise, the current daily output also continues to decrease. The current daily output is approximately 0.00002518BTC/T, and the theoretical income is approximately 2.02 yuan/T. The next difficulty is predicted to be (+8.05%)
10.79 T, will be adjusted in 6 days. The current computing power has increased by about 56% compared with the same period a year ago (it increased several times in 2018 compared with the same period in 2017), and it has gradually become difficult to increase the computing power.

Data source: btc.com

2. Baidu Index Trend

The Baidu Index reached a small climax on Tuesday and then began to decline.

Data source: Baidu

3. Weekly currency price trend

The overall price of virtual currencies is in a downward trend this week. The price of Bitcoin fell by 2.13% in 7 days. Among the top 40 currencies, only the platform coins of Bitcoin and Bitcoin rose against the trend.

Data source: coinmarketcap

4. Weekly trading volume trend

Bitcoin’s 7-day trading volume rebounded slightly, with 7-day trading volume at $114,990,863,293.

Data source: coinmarketcap

5. Bitcoin Sentiment

The Bitcoin Fear and Greed Index returned to 48, and market sentiment became warmer.

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