Weekly report of CoinWise (June 3-10)

As of 10:00 a.m. on June 10, the total Bitcoin network computing power was 53.06EH/s . The current network difficulty is 7.46 T. It is predicted that the next difficulty will increase by 3.04% to 7.69T . There are 3 days and 21 hoursleft before the adjustment .

Litecoin's second halving will take place on August 6, 2019 , with 56 days left

The following figure shows the weekly dynamics of mainstream currencies from June 3 to June 10, 2019

Weekly News

Singapore-based MSRise announces new low-power mining rig for Bitcoin mining

MSRise, a company headquartered in Singapore, has developed a low-power mining machine. MSRise claims to have developed three models of Bitcoin mining machines with a computing power of 33T/35T/39T, a power of 550W/650W/800W, and an energy efficiency ratio of 16.7/18.6/20.5 J/TH.

Anti-ASIC Miner Monero Community Announces New Mining Algorithm

The developers of the privacy coin Monero have announced a new weapon to fight centralization. In collaboration with the serverless storage protocol Arweave, the Monero team is validating a new ASIC-resistant mining algorithm, RandomX. Monero Outreach said the new algorithm will help prevent Monero from being controlled by a few mining giants.

Foreign media: Wu Jihan will launch a new company Matrix, Bitmain will help it become the world's largest crypto asset OTC platform

Jihan Wu, former CEO of Chinese mining machine manufacturer Bitmain, will launch a new startup, Matrix, by the end of July. Matrix is ​​a custody and trading company that was originally incubated within Bitmain, which will subsequently become a major customer.

With Bitmain as a major partner, Matrix could become “the world’s largest OTC trading platform” overnight, the source said.

New coin BCD lands in F2Pool

Bitcoin Diamond (BCD) is a forked coin based on BTC, completed at block height 495866. Bitcoin Diamond miners use a new PoW consensus algorithm for mining. BCD aims to solve a series of problems encountered in the development of Bitcoin. It has the characteristics of high transfer speed and low handling fee, laying a good foundation for the better development of digital currency.

F2POOL launches new coin SERO

SERO adopts an innovative UTXO+Account hybrid model and is the world's first and currently the only privacy digital asset that can support Turing-complete smart contracts. It is also the world's first platform that allows developers to publish anonymous digital assets on their own and can be applied to distributed applications, truly realizing the implementation of privacy protection technology in distributed applications.