Following Inner Mongolia, Yunnan, Xinjiang, Qinghai and other places, Sichuan, one of the largest Bitcoin mining provinces and rich in hydropower resources, has also begun to join the purge of virtual currency teams and issued a notice to close cryptocurrency mining activities. With the large-scale closure of Chinese mining farms, Bitcoin's hash has ushered in a sharp drop.

Multiple sites on the chain estimate that in the upcoming adjustment, the difficulty of Bitcoin mining will drop by about 21%. The adjustment will occur at a block height of 689,472, which will arrive in about five days. This will be the biggest difficulty drop in Bitcoin's history, and it will also be the first time the Bitcoin network has experienced three consecutive difficulty drops since December 2018.

The output of Bitcoin is adaptable to the hash, regardless of whether the hash of the entire network is high or low, the output speed remains the same. The mining farm is closed, the hash of the entire network drops sharply, and Bitcoin mining is easier. For miners, the short-term is good.

Given the tight supply of Bitcoin miners in the custody industry and the time required to build new mining facilities or deploy new machines, hash will not recover soon, and the difficulty of Bitcoin mining may not recover until a long time. For current online miners, this is a short-term positive period of the bull market.

At the moment, many miners are worried about the same problem. Will there be a power outage or shutdown? For this reason, RHY mine has launched a 120-day Bitcoin and Ethereum hashrate. The threshold for mining is lower, the risk is lower, and the mobility is stronger in the face of volatile markets. In addition, the product guarantees power stability and hash stability, which effectively meets miners’ demand for mining stability.

At the moment when the computing power of the whole network is dropping sharply, if you want to increase mining, you can consult RHY customer service.

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