Hive Blockchain expects to mine more bitcoins in the third fiscal quarter

According to reports, crypto-miner Hive Blockchain said that it expects to mine more bitcoins in the third fiscal quarter (as of December 31) than in the second fiscal quarter, with a total of 656 bitcoins mined in the previous quarter. However, due to increased competition, Ethereum mining will decline. It is expected to mine more than 6,900 Ethereum in the third fiscal quarter, a 21% decrease from the approximately 8,688 mining in the previous quarter. The decrease is that the average difficulty has increased by more than 16% from the previous quarter, including the peak reached on December 7. Compared with the previous quarter, the decline in Ethereum production will be partially offset by a 45% increase in the average price. This quarter's rise in bitcoin prices has promoted the increase in bitcoin mining this quarter.