Bitcoin Network Difficulty Spiked ~13.53% This Week

This week a Bitcoin network difficulty adjustment took the mining difficulty from 708659466230.33203125 to 804525194568.13183594 for an increase of approximately 13.52 percent. This is an all time high mining difficulty, and it comes on the heel of last adjustment's ~0.43 percent drop to the the then second and now third highest mining difficult in the history of Bitcoin so far.

Bitcoin Network Mining Difficulty Climbs ~7.28 Percent In Latest Adjustment

Mining difficulty on the Bitcoin network has risen ~7.28 percent to 559970892890.83813477 from 521974519553.62823486 for a new all time high. The previous adjustment a slight increase of ~0.22% fromĀ 520808749422.13983154 to was also a new all time high as has been the trend for much of Bitcoin's ever increasing history.

Fiat currency malaise continues as well with the United States dollar continuing to suffer an increasing number of all time lows against the Bitcoin.

Shinohai's Shitcoin Roundup Xtend: Ver's Second Coming, PiTato Drama, Hash Shenanigans

  • Buttcoin Unlimited fork supporters are still waiting for the second coming of their altcoin Jesus Roger Ver, hoping he makes good on a promise to trade all of his actual Bitcoins for BCU tokens on Buttfinex at a 1:1 ratio. A reddit user claiming to control an address with 40,000 BTC made the deal with the shitcoin slinger over a week ago, though the deal has to be finalized, likely due to the whole "deal" being nothing more than a social engineering attempt to shore up prices and support. Prices of the BCU tokens at the time of this article were sitting at 0.14 BTC per and a stagnant volume of less than 20 BTC in trading.
  • Reddit users finally start to suspect that, just maybe, 21co is nothing more than shit-as-a-service, with one user noting the only thing to come out of $121.5 million USD in venture capital funding being a paid inbox service and a $400 Raspberry Pi doorstop with no case and software cloned from other repositories on Github. (archived)
  • Syscoin announced it had received Microshit Azure product certification for 3 "blockchain technology" products, after initially partnering with the altcoin developers a year ago. The hope is that they can sell their particular brand of blockchain snakeoil as enterprise services, although users would likely be better off just using MySQL in the first place.
  • An unknown prankster hacked mining pools antpool, viabtc, and btctop and redirected the hashpower to f2pool. f2pool owner Wang Chun reported that their hashrate "Doubled Instantly". (archived)

Bitcoin Mining Difficult Goes Up ~3.24% In Newest Adjustment

Today Bitcoin mining difficulty increased ~3.24 percent from 460769358090.71423340 to 475705205061.62921143 for yet another all time high. The magnitude of increase is down slightly from the last two adjustments of ~4.535 and ~4.4 percent. US dollars continue trading under 1/1100th of a Bitcoin on fiat centered fiat/Bitcoin interfaces as fiat malaise continues.