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.
Category Archives: News
Death Cult Propagates Among Some Chinese Miners
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.
A mere 10,000 Bitcoins today, less tomorrow ↩
Such is the least of the curses handicapping the monophone single language speaker. ↩
Some solutions have been proposed to constrain the impact of the bug ↩
Shinohai's Saturday Shitcoin Roundup: "100 Million US dollars" And More!
Certain factions within the Chinese mining cartels threaten to spend $100 million USD1 to kill off any competition to Bitcoin Unlimited. The announcement was made by a previously unknown pool known as "BTC.TOP" which alleges to have 6.8% of global hashrate at time of this article.
Buttfinex users were elated that their "Hacker credit" token rose to a roughly 76 cent high, leaving some with hopes they might not get totally scammed after all. A twitter user by the name of "Bitcoin Nemesis" released an open letter on pastebin in which he claims to be the only person able to recover the missing funds, in addition promising the prosecution of the scammers running the show. The shadowy user further threatens to dump a list of "Bitcoin people" on the 15th "to law enforcement, intelligence agencies, to tax authorities."
Users of the scammer paradise btcjam reported withdraw errors on the platform earlier this week, leading redditards to speculate Mt. Gox 2.0 is imminent.
Venezuelan Fiat/Bitcoin interface SurBitcoin advised users to withdraw their balances after the company had it's account with Banesco shuttered for unknown reasons. No reason for the sudden halt in operations was given, though officials said they hoped to resume operations in roughly 2 weeks. Users were encouraged to use localbitcoins in the interim, which has been a popular platform in the South American communist haven to facilitate p2p trades.
The SEC published a notice “to solicit comments on the proposed rule change from interested persons” regarding Barry Shillbert's "Bitcoin Investment Trust (BIT)" fund, which he hopes to trade on the NYSE.
A figure notably denominated in the wrong kind of unit ↩
Tor Based Hosting Service Hacked
Freedom hosting II, the webhost that offered website hosting for tor and "Deep Web" users, has reportedly been breached by unknown "Anonymous" hackers. All webpages hosted by the company were displaying the following message Friday morning:
Hello Freedom Hosting II, you have been hacked
We are disappointed… This is an excerpt from your front page ‘We have a zero tolerance policy to child pornography.’ — but what we found while searching through your server is more than 50% child porn…
Moreover you host many scam sites, some of which are evidently run by yourself to cover hosting expenses.
All your files have been copied and your database has been dumped. (74GB of files and 2.3GB of database)
We are selling all data (excluding cp) for 0.1 BTC. Send 0.1 BTC to 14iCDyeCSp12AmhVfJGxtrzXDabFop4QtU and send your transaction id to fhosting@tt3j2x4k5ycaa5zt.onion or fhosting@danwin1210.me and We’ll get back to you with a full dump.
Up to January 31st you were hosting 10613 sites. Private keys are included in the dump. Show full list
We are Anonymous. We do not forgive. We do not forget. You should have expected us.
No Bitcoin payments had been reported on the address associated with the above message at the time of this article. Freedom Hosting is notorious for hosting fraud, scam, and child porn sites in both iterations of it's services.
Pope Francis Fretting Over Losses During His Secular Papacy
News is emerging that Pope Francis (WOT:nonperson) is "concerned" over an exodus among clergy and sworn members of religious orders as his Papacy continues to take the Church in an intensely secular and leftist political direction. Apparently persons who swore devotion to a church are uninterested in serving a secular social club.
Violence Today: Leftists Beat And Burn UC Berkeley
Activist agitators under the cover of a protest against noted homosexual and Breitbart technology editor Milo Yiannopoulos speaking at a campus event started a number of fires, beat presumed attendees, and trashed the Martin Luther King Jr. Student Center on the University of California Berkeley campus. The university and anglophone press covering the event expressed a tremendous amount of unfounded certainty that ~150 violent leftists who obscured their faces were not students at the school.
The University rescinded Yiannopoulos' invitation to speak several hours before the event was scheduled and the log cabin republican was safely ensconced in his hotel room as the leftists terrorized one of their own supporting institutions. President Trump suggested in response that the university could face a withdrawal of Federal support if it can not safely protect the free expression of ideas on its campus.
US Pork Belly Inventory Falls To 50 Year Low
Bacon reserves in the United States fell to a record low in December,according to the U.S. Department of Agriculture. Frozen pork belly inventory totalled 17.8 million pounds, the lowest in 50 years. The result is a 20% increase in bacon prices, with demand outside the U.S. accounting for 26% of total volume. The Ohio Pork Council assured consumers that while prices of the crispy ambrosia may increase, supplies are in no danger of running out.1(archived)
Which is different from would be consumers being priced out. ↩
US University Endowments Net Loss In 2016
Universities in the United States experienced an average endowment return of negative 1.9 percent over 2016. Harvard University enjoyed a very bright and special negative 2 percent return. Across US universities the 10 year average annual return fell from 6.3% to 5% and the 5 year figure went from 9.8% to 5.4% compared to 2015 figures. Continued dismal energy and mining sector performance along with the activist led divestment fad likely contributed to the suffering of these fiat institutions. In the inflationary fiat monetary system exemplified by the US dollar, a positive ~7.4% growth rate is typically cited as a target for endowment growth to outrun the inflationary loss in purchasing power. Sorry for your loss.
Roger Ver Presents Bitcoin.com Presents "Bitcoin" Unlimited Mining Pool Goes Over On Blocksize, Gets Orphaned
Roger Ver's bitcoin.com mining pool once again demonstrated its incompetence and total lack of knowledge regarding actual Bitcoin Monday by mining a block greater than 1 MB, valued at a total of 13.2 BTC in the process.1 The rest of the network quickly rejected the attempt to fork the network away from actual Bitcoin and ignored the buggy big block. Bitcoin Unlimited just released version 1.0.0 of their software, which was by and large untested, unlike the rigorous testing schedule and research that goes into therealbitcoin reference client. Disgraced former Bitcoin core developer Gavin Andresen shrugged off the news on twitter, the butthurt of his continual stream of poor decisions apparently still stinging. Sorry for your loss.
A healthy ~0.72 BTC in fees were attached to the block. ↩
Reminder: Hussein Bahamas Banned Iraqi Refugees By Executive Order In 2011
In 2011 first term United States President Hussein Bahamas quietly through executive order suspended the admission of refugees from Iraq for six months (archived).1) Beyond the press hypocrisy that one President's action is hate-crime (TM)(R) while an ex-President's action was a necessary National Security (TM)(R) measure, a fundamental contrast exists between the current and former executive's manner of executive action. Hussein Bahamas preceded executive actions popular with his constituency in months of debate and appeals to congress2 before cautiously wading into action while embarking on actions of substance in the shadows where they could spend years before receiving any attention in the mainstream media, if they received attention at all.
By contrast President Trump is engaging in executive action decisively, publicly, and according to the promises he made during the election winning campaign.
A fact that was missed in mainstream media reporting until 2013 after the immediate threat which prompted the ban had passed. (archived ↩
This in fact means that the legislature decided rejected the possibility of Hussein Bahamas queer ideas becoming law before Hussein Bahamas acted on those ideas. ↩