Mining Guide BTC Mining Weekly Report-The total network computing power continues to hit new highs

This is the 7th BTC Mining Weekly Report of Mining Handbook. This issue of Mining Handbook Weekly Report will show the development trend of Bitcoin from five aspects and provide more reference for everyone's mining.

Summary and analysis:

The total hashrate of Bitcoin is still rising slightly, currently at 75.15EH/s, and the next difficulty adjustment is expected to be on August 18. Market sentiment is beginning to warm up, and trading volume is starting to pick up.

1. Weekly Hashrate Trend

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

Data source: btc.com

2. Baidu Index Trend

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

Data source: Baidu

3. Weekly coin price trend

The overall price of virtual currencies was in a downward trend this week, with Bitcoin's price falling 2.13% in seven days. Among the top 40 currencies, only Binance and Huobi's platform coins rose against the trend.

Data source: coinmarketcap

4. Weekly Trading Volume Trend

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

Data source: coinmarketcap

5. Bitcoin Sentiment

Bitcoin Fear and Greed Index rebounded to 48, and market sentiment warmed up.

Data source: alternative.me