The Bitcoin network difficulty made a very small ~0.395% upward movement to 254620187304.06140137 from its previous value in the latest adjustment.
Category Archives: Bitcoin
Bitcoin Network Difficulty Drops For Only Second Time Since Second Halving: Down 1.90%, Still 18.8% Above Hash At Halving
On the first day of the third year of the Bitcoin Foundation's existence, mining difficulty dropped for the second time since the second halving, this time by 1.90%; the new parameter, 253,618,246,641.4895, is still 18.8% above the last measurement observed before the halving.
The Bitcoin Foundation Celebrates Its Second Birthday
Today the Bitcoin Foundation celebrated its second birthday. There were cookies, cake, and raised glasses.
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.
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 is 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.
Bitcoin Foundation Celebrates Month Of Activity And RELEASE Milestone
In their September state of Bitcoin address the Bitcoin Foundation was able to celebrate a substantial milestone in the clean up of the reference Bitcoin implementation. A flurry of testing and tweaking has lead to foundation co-chair mod6 (WOT:mod6) declaring the project has finally reached its long awaited milestone of version 0.5.4 RELEASE. Though most of the functional improvements to the reference implementation have long been enjoyed on actual running of Bitcoin nodes, the title of RELEASE was withheld until sanity could be brought to the makefiles and build process at large. Substantial contributions in time, sweat, and blood were made by ben_vulpes (WOT:ben_vulpes), shinohai (shinohai), and trinque (trinque).
ClassicCoin Supplanted By UnlimitedSpamCoin As Social Engineer's Forking Brand
The social engineering effort to fork an altcoin from the Bitcoin blockchain has changed branding yet again. This time the social engineers are beginning to push the idea of creating an altcoin based on the "Unlimited" Bitcoin network client, which was originally created to follow altcoin forks from the Bitcoin network triggered by other clients. Following the previous GavInsurrections including the failed XTCoin and underwhelming ClassicCoin coups, this latest rehash of an argument that was a non-starter from the beginning offers even less justification than its predecessors.
This latest adventure has three major public drivers:
- Roger Ver1 (WOT:nonperson) is continuing his long march from sanity and notably refuses to surrender his will and life to powers greater than himself, especially Bitcoin.
- Roger Ver continues abusing and libelling the name of Bitcoin as part of his personal branding in an effort to wantonly and maliciously confuse the uniformed. His latest transgression is the -EV proposition he dubbed "The Bitcoin.com Mining Pool."
- Notorious transmayogendered hamplanet and serial fraudster Marshall Long (WOT:nonperson)has yet to complete his life's mission of eating himself to death.
The actual reference Bitcoin network client remains largely unchanged and though refinements continue network consensus rules are unchanged. Accept no substitute for the real deal.
His recent travels to the United States after an acrimonious public divorce strongly suggests Ver has gone stoolie. ↩
Difficulty Up 6.86% In Fifth Hike Since Halving
Continuing the recent trend, mining difficulty has climbed to 241,227,200,229.991, an increase of 6.82% above the previous value. For perspective, the net increase since the recent halving is only 12.99%, less than what has been previously covered in a single leap. Miner revenue from transaction fees has kept growing since then, reaching 806.50601126 bitcoins in the last adjustment period. This comprises 3.10% of the total mining rewards, and corresponds to a mean price of 54.2 satoshis per byte for a piece in our chain.
Difficulty Up 2.3% In Fifth Adjustment Since Second Halving
For the fourth time since the recent halving, miners watch their expected revenue ebb further as difficulty roses to 225,832,872,179.4596, an increase of 2.3% since the last adjustment. Hashrate estimates similarly rose above 1.9 EH/s several hours before the adjustment. Peace in our mines!
Mircea Popescu Announces Fanfic Contest With 1 Bitcoin Prize
Following his commentary on pre-eminent American socialist Elliot Rodger and the substantial discussion that followed, Mircea Popescu has announced a prize of one whole integer Bitcoin for the best fanfic. The upswell in fanfic has been inspired of the unconsummated romance between Elliot and his childhood friend James, two kissless virgins who should have kissed each other. Eligibility for the prize is contingent on having a GPG key registered with deebot and a blog upon which to publish your fanfic. The deadline is Halloween. Peace in our time.