The Bitcoin network mining difficulty has climbed ~4.4 percent to 440779902286.58917236 from 422170566883.83685303 in a move that brings yet another all time high mining difficulty.
Coindesk1 today gave the exciting title
"Crypto Traders Flock to Altcoins Amid Bitcoin Price Malaise"
to a mundane piece whose only actual mentions of fiat/Bitcoin interface reported price concerns continued price stability. With the value of the United States dollar continuing to be reported under 0.001 BTC for much of this young year, all malaise seems to be accumulating on the fiat side.
The Bitcoin network mining difficulty has climbed to 422170566883.83685303 in an approximately 7.43% increase over the previous level. Two weeks ago, the last adjustment took the network mining difficulty up ~16.64% in move that represented a substantial purchases of computing equipment good at hashing double rounds of SHA256 and nothing else. As with most recent difficulty adjustments this is yet another all time high Bitcoin mining difficulty.
As mentioned in Shinohai's latest shitcoin Roundup, a few single language Chinese miners have taken to expressing an unjustified degree of loyalty to yet another doomed anti-Bitcoin forking effort. In the same week the fork effort's defective client unintentionally fell out of consensus due to its inherent slop, Andrew Quentson (WOT:nonperson) published a purported "cosmetically corrected" interview with Jiang Zhuoer (WOT:nonperson) where among other things Zhuoer confesses to "SPV mining" while asserting to have 100 million dollars1 committed to destroying any actual Bitcoin network which remains after splitting his favored altcoin from Bitcoin.
If Zhuoer's intent actually corresponds to what the words printed in English mean,2 it represents a paltry counter to the deterrent presented by Mircea Popescu and other lords of the Most Serene Republic, which has thus far damped off earlier social engineering attempts to fork Bitcoin into something else before they could root.
Continued imprudence among mining pool operators suggests that a solution to the mining bug3 in order to disabuse certain activist factions of their imagined participation in Bitcoin. Importantly, recent efforts by the People's Bank of China to bring sanity to their local fiat/Bitcoin interfaces does not preclude future statal attempts to attack Bitcoin via the mining vector from the People's Republic of China. Sorry for your loss.
Peter Vessenes (WOT:nonperson) of the failed Vessenes' Phoundation and failed start up Coinlab continues to stir the drama pot as he holds out hope that a court just might award him a portion of the insolvent Gox's corpse. Such a move would naturally represent the first, last, and best revenue received by Vessenes venture which promised much and delivered nothing.
Bitcoin mining difficulty has adjusted to 392,963,262,344.3704, constituting a shocking 16.64% leap above the previous level; for context, only two adjustments during the preceding fiat winter had a larger delta. While the network is close to completing its third exahash, more blocks at this level are needed for a confident estimate.
Following pressure from the "People's" Bank of China, the major Chinese fiat/Bitcoin interfaces have brought an end to margin trading for domestic Chinese customers. Further fiat side interference with fiat/Bitcoin interfaces is expected to continue or accelerate over 2017.
The Bitcoin mining difficulty has started off the fiat year with its sixth consecutive rise, reaching a value of 336899932795.8077; this being ~6.05% above the previous value, and corresponding to a network hashrate of roughly 2.4 EH/s.
On this day in 2009 Satoshi publicly released the first Bitcoin client. It was a windows turd with a Wxwidgets interface. From this client was descended the reference client lovingly maintained by the Bitcoin Foundation, which runs on and may be statically built for any sane *nix operating system.1
So far 2017 is continuing the recent upwards trend in prices reported by fiat/Bitcoin interfaces passing a number of milestones today:
While fiat/Bitcoin interface insolvency remains a reality and connections to reality on the fiat end generally seem to be loose, much has changed since this price level was reported. Perhaps most notably in the mind of buyers, concerted social engineering efforts to undermine Bitcoin variously named XTCoin, ClassicCoin, Unlimited, and Segregated Witness have all failed, laughably so.3
Still, tomorrow any or all of these fiat emphasized fiat/Bitcoin interfaces could offer nothing for your Bitcoins while demanding you deliver the entire whole and undivided transcendental idea of the color magenta4 to them.
"volume weighted" price, strong lead by China and over 1050 Euros across the board ↩
Similar situation, above 1100 dollars with the exception of BTC-E ↩
In the only way that matters, that impossible way which would deny everyone else both magenta and the idea of magenta. ↩