Golden Trend丨Knowing history and learning from today, BTC will usher in a new round of rise?

The hash rate indicator is to show the change trend of Bitcoin hash rate and the health status of Bitcoin mining ecosystem by quantifying the relative growth rate of hash rate. The specific value is the difference between the average value of the bitcoin hash rate in the past month minus the average value in the past two months divided by the average data in one month. It has a macro evaluation indicator that is used to indicate whether to enter the purchase, and the signal of the purchase indicator is called buying "recovery" hash rate. Although the bitcoin price and hash rate seem to be uncorrelated, there is actually an inextricable relationship. Looking back at historical performance, it can be found that this indicator was issued when the BTC price was in the bottom range of 3000-4000 US dollars in 2019 Buy signal, after the BTC range gained momentum, it started the 19-year Mavericks market. It has risen to 14,000 US dollars and then fell back. From the issuance of the buy point to the highest range, the increase was as high as 260%. In addition, the indicator also issued a buy signal at the beginning of 2020. Later, BTC started the trend at the beginning of the year. The price rose as high as 10,500 US dollars and then fell back. The increase from the buying point to the highest range was as high as 45%. In addition, in mid-July this year, a buy signal was issued again, and the price rose from 9,200 US dollars to a high of 12,500 US dollars shortly afterwards, which once again verified the continuous rise of the hash rate, which to a certain extent enhanced the confidence of Bitcoin holders, showing that It is optimistic about the future market of BTC. Historically, every time a signal is issued, BTC is basically in the stage of range shock and gaining momentum. At present, the indicator has issued a buy signal again. Can this time usher in a trending market? The general direction of BTC is still an upward trend. The current market is entangled in the line of 20,000 US dollars. This position has accumulated short-term and long-term selling pressure. The longer the adjustment, once the large-scale breakthrough later, it is bound to usher in a substantial increase. The large-scale breakthrough is possible Follow up.

Jinse Finance Mining Data Broadcast | BTC’s total network computing power dropped by 1.94% today: Jinse Finance reported that according to the data of the spider mining pool:

The computing power of the BTC network is 113.140EH/s, the mining difficulty is 17.35T, the current block height is 640360, and the theoretical income is 0.00000841/T/day.

The computing power of the entire ETH network is 181.459TH/s, the mining difficulty is 2311.09T, the current block height is 10512773, and the theoretical income is 0.01020104/100MH/day.

The BSV network computing power is 1.991EH/s, the mining difficulty is 0.30T, the current block height is 644855, and the theoretical income is 0.00045198/T/day.

The BCH network computing power is 2.929EH/s, the mining difficulty is 0.39T, the current block height is 645108, and the theoretical income is 0.00030731/T/day. [2020/7/23]

Golden Morning News | Li Xiaolai is the executive director of Xiongan Technology. Thailand is experimenting with blockchain to combat tax fraud: 1. New York State Congressman: It is necessary to cooperate with all parties to find a balanced regulatory system for cryptocurrencies;

2. Tencent will assist Hang Seng in developing technology solutions using blockchain, etc.;

3. Standard Chartered Bank cooperates with Brazilian listed banks to develop a blockchain loan platform;

4. The Ohio State Government accepts BTC and BCH payments through BitPay;

5. The Thai government is experimenting with blockchain to combat tax fraud;

6. V God: The next application of cryptocurrency will not be based on hype;

7. The Swiss Financial Market Supervisory Authority will issue new certificates for blockchain companies;

8. Li Xiaolai served as the executive director and co-CEO of Xiongan Technology;

9. The new Minister of Finance of South Korea: It is proposed to tax digital currency and initial digital currency issuance. [2018/12/4]

Jinse Finance Live Report Yuan Yuming, Dean of Huobi Research Institute: The blockchain world can change the nature of enterprises to pursue monopoly: Jinse Finance live report, at the 2018 Global Blockchain Elite Summit, Yuan Yuming, President of Huobi Research Institute, gave a presentation on "How to use He pointed out that the blockchain can transform the production relationship in five aspects: lower the credit threshold, lawyer fees, audit fees, notarization fees, underwriting sponsorship fees, etc. will all be reduced; break the boundaries of the company organization , the Coase theorem believes that the boundary of an enterprise is that the transaction cost within the enterprise is equal to the transaction cost of the market; weakening the production value of channels, in the traditional world, channels are king, and there are exploitation sites in both physical and Internet channels, while in the blockchain world In the middle, it is the mode of tap water communication; the organization of long-tail supply, at the Internet level, is based on the sharing economy, the supply of top merchants, and the consumption is downgraded, while in the blockchain world, it is a sharing economy model, the organization of long-tail supply, consumption Upgrade; change the nature of enterprises to pursue monopoly. [2018/4/28]

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