Editor's Note: This article comes fromCaijingOnchain Finance (ID: CaijingOnchain), Author: Chen Yi, reproduced by Odaily with authorization.

Editor's Note: This article comes from

CaijingOnchain Finance (ID: CaijingOnchain)

CaijingOnchain Finance (ID: CaijingOnchain)

, Author: Chen Yi, reproduced by Odaily with authorization.

BTC completed the third block reward halving at block height 630000 at 03:23:43 on May 12. The block reward has been reduced from 12.5 BTC to 6.25 BTC. Due to the halving of production, the income of mining machines has been halved .

After the Bitcoin block reward was halved, the average computing power of the entire network continued to decline. According to BTC.com data, the current difficulty of the entire network is 16.10T. According to BTC.com data, the average computing power of the entire network in the last 1 day is 108.36EH /s, which is 8% lower than the average computing power of the entire network within 24 hours yesterday of 117.78EH/s, and 31% lower than the 142.18EH/s calculated within 24 hours before the halving. At present, the average computing power in the last three days is 121.14EH/s, and the average computing power in the last seven days has dropped by 120EH/s.

When the BTC block reward was halved for the third time, the BTC price fluctuated around $8,563, and then showed a fluctuating upward trend. The current price of Bitcoin is $8,900, an increase of nearly 4%.