Weekly report of Bitcoin.com: BCH inventory in mid-2019 (June 24-July 1)

As of 10:00 am on June 24,the total Bitcoin network hashrate is 61.13EH /s, and the current network difficulty is 7.93 T.It is predicted that the next difficulty increase will be 10% to 8.73 T , and there are 9 daysleft before the adjustment.

Litecoin's second halving will take place on August 5, 2019 , with 35 days left

The following figure shows the weekly dynamics of mainstream currencies from June 24 to July 1, 2019

Weekly News

Grin founder temporarily leaves the project, disappearing like Satoshi Nakamoto

In the early morning of June 24th, Beijing time, Yeastplume, a full-time developer of the privacy cryptocurrency Grin (Chinese name: Gulingcoin), posted that Grin's anonymous founder Ignotus Peverell chose to temporarily leave the project (at least for a few months) for personal reasons, but did not provide a specific reason, which also triggered a lot of discussion among community members.

Iranian Energy Ministry Official: Participating in Bitcoin Mining May Lead to Power Outage

An Iranian energy official has warned those in the country who are mining bitcoin and other digital currencies that they will have their electricity cut off if their mining activities are detected.

In an interview on Sunday, Mostafa Rajabi Mashhadi, spokesman for Tavanir, the Iranian state-run company responsible for electricity supply and distribution, said Iran's electricity consumption increased by 7% last month compared with the same period last year.

Halfway through 2019, a review of BCH’s performance

2019 is already halfway through, and so far, the Bitcoin Cash (BCH) network and market have experienced a fast six months of development. The price of BCH hit a high of $522 on Sunday, and BCH rose 213%. In addition, since the hash war in November 2018, the Bitcoin Cash network and infrastructure have become stronger, and the Bitcoin Cash network has entered a new stage of development.

Price surge: BCH has risen more than 200% since January 1

Russia's largest Bitcoin mining farm begins construction at $7.3 million

Equipped with 3,000 mining equipment and covering an area of ​​4,000 square meters, Russia's largest Bitcoin mining farm surprised us. The plan was planned by CryptoUniverse. The mine was built on the site that was previously used by the "Soviet Fertilizer Production Laboratory". This place has been uninhabited for the past 20 years. On the 20th of this month, the Governor of Leningrad and the government press office announced the official start of construction of the city's largest mine.

Abkhazia drafts bill on crypto mining

The Ministry of Economy of the Republic of Abkhazia has developed a draft law targeting cryptocurrency mining activities in the country, local news outlet Sputnik Abkhazia reported June 24.

The ministry’s press service told Sputnik that the bill was approved and sent to the Cabinet of Ministers of the republic. The proposed draft provides for the legal, economic, organizational and technical rules for cryptocurrency mining activities in Abkhazia.

Iranian authorities seized 1,000 Bitcoin mining machines, saying they caused a surge in electricity consumption

Iranian authorities have seized about 1,000 bitcoin mining machines from two abandoned factories, state television reported, after warning that bitcoin mining had led to a surge in government-subsidized electricity use.

“Two of these bitcoin farms have been found and they consume one megawatt of electricity,” Arash Navab, an electricity official in Iran’s central Yazd province, told state television.