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.
Bitcoin mining difficulty has adjusted to 392,963,262,344.3704, constituting a shocking 16.64% leap above the previous level; for context, only twoadjustments 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
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.
The Bitcoin network mining difficulty increased from 286765766820.55041504 to 310153855703.43334961 for an approximately 8.1558 percent climb. In addition to itterating the first significant figure by one this increase is another all time high.
Meanwhile Federal Reserve Chair Janet Yellen announced that zhe and zher fellow Federal Reserve governors would be increasing the target range for the Federal Funds rate from 0.25-0.5 percent to 0.5-0.75 percent. This roughly doubles the cost of borrowing for the United States just in time for The Great Again.