08 May 2019 11:29, UTC

Over the past 30 days, the hashrate of the Chinese mining giant Bitmain has declined markedly, which follows from the company's disclosure report of May 7. According to a hashrate analysis of all Bitmain-owned equipment, the SHA256 hashing algorithm used in the Bitcoin network fell from 1,692.35 quadrillion hashes per second (PH/s) in March to 237.29 PH/s by early May.



“Bitmain is now betting that its next flagship product scheduled to be released by the end of this year will turn out to be a winner in the mining gear market, capturing an expected rally,”

If we compare the data with Bitmain’s stats in last year, the decline trend will be even more noticeable: in July 2018, the SHA256 hash rate at Bitmain was 1,692.05 PH/s, and in October it increased to 2,339.21 PH/s. The two mining pools managed by Bitmain, Antpool and BTC.com provided almost 23% of the total hash power of the entire mining pool of bitcoins in January 2019. However, in June 2018, they represented 41% of the whole market, which means that their share is steadily declining.

— an unnamed source close to Bitmain reportedly said. In May 2020, the reward size will decrease from 12.5 BTC to 6.25 BTC per block. In line with previous patterns, some predict a bitcoin price surge ahead of the halving — possibly beginning around June 2019.

Image courtesy of Anycoin.news

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