Hive Blockchain, a leading crypto mining company, expects to generate 6,900 Ether (ETH) and 670 Bitcoin (BTC) for the 15 -minute period that will expire on December 31, to mark the decline. and the increase over the last 15 minutes.

In Wednesday’s announcement to shareholders, Hive said it was selling 6,280 ETH from Oct. 1 to Dec. 21 and will continue to have more than 65 ETH per day for the remainder of 2021. The this estimated amount – 6,900 ETH – would represent a reduction. was more than 20% from 8,688 ETH mining companies from July 1 to September 30. However, Ekwo Ekwo expects to increase Bitcoin production by 2% quarterly, from about 656 BTC to 670 BTC .

“This addition [to Bitcoin] is a previously announced currency that has been made available for miners in the new era with the expansion of our Bitcoin mining industry,” Hive reports. “This fall in Ether production in the 15th quarter now compared to the first quarter will hold a share in the average price of Ether increasing by 45%, and the top Bitcoin mines in the 15th quarter improved and the Bitcoin price rose by 15% to 35% ”

The Canadian crypto mining company says the decline in ETH mining is due to the average difficulty increased by more than 16% in the current quarter, including the highest number on Dec. 7 as a lot of work enters the environment. However, Hive also noted that the “strength” of ETH’s cost has helped the company support the Mining project as difficulties increase. According to data from Cointelegraph Markets Pro, ETH prices have more than 50% since Sept. 30 to always be above $ 4,800 in November.

“HIVE has real assets of Ether and Bitcoin and has an ongoing plan to build our market by the 2022 calendar,” the mining company said. “We don’t buy money but we save for the new year.”

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Many people know of his efforts and I focus on the life force, Hive has locations in Canada, Sweden and Iceland. In June, the company announced it had received permission to list the size and range of the Nasdaq product. At the time of the announcement, the stock was trading at $ 2.87, growing more than 2% in the last 24 hours.

Source: CoinTelegraph