Bitcoin Mining Difficulty Up Amazing 16.64% (As Usual Another All Time High)

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.

Bitcoin Network Difficulty Continues Climb Rising ~2.43 Percent For Yet Another All Time High

The Bitcoin network mining difficulty rose from 310153855703.43334961 to 317688400354.03375244 in a modest increase of approximately 2.43 percent. While less impressive than last period's ~8.16 percent jump this adjustment, being an increase, brings yet another all time high mining difficulty. This is accompanied by continued upwards noise on fiat/Bitcoin interfaces.

Bitcoin Network Difficulty Up ~8.16%, Yellen Announces Higher Interest Rate Target Hours Before Increase

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.

Bitcoin Network Difficulty Jumps ~10.675% In Latest Adjustment – Largest Jump Since Second Halving So Far

Mining difficulty on the Bitcoin network increased to 281800917193.19580078 from 254620187304.06140137 for an approximately 10.675 percent increase. This is of course yet another all time high for the network mining difficulty and shows a substantial continued appetite for the extant 12.5 Bitcoin block subsidy.

ViaBTC Hash Power Halves After Joining Roger VERification Effort

Following ViaBTC's announcement that they would be supporting the latest effort to fork an altcoin off of Bitcoin their hashpower has dropped by one half and is likely to drop further. The drop in hash rate appears to be due to miner defections. Since "Bitcoin Unlimited"1 became the favored effort pushed by social engineers like Roger Ver, it has been met with an even colder reception than previous forking efforts including Bitcoin XT and ClassicCoin, with the exception of ViaBTC's warm embrace.

ViaBTC is just the latest in a long line of pools to suffer after choosing their vision for the future poorly. Twenty two months after the publication of "The hard fork missile crisis" every aspiring hard fork away from Bitcoin has managed to defeat itself well before the solutions covered in that piece were required though they still abide.

Sorry fork, your loss!

  1. aka Unlimited Spam Coin  

Bitcoin Network Mining Difficulty Up 7.17% In Latest Adjustment

The Bitcoin network mining difficulty has risen to 258,522,748,404.5154 which isĀ  7.17% higher than the previous value of 241,227,200,229.991 in this sixth increase, the seventh adjustment following the second halving. The 500-block window estimate of hashrate did rise above the two exahash mark during this period, although the ultimately resulting adjustment only corresponds to a mere 1.82 EH/s.