Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Sloterdijk used to say: Time to learn some stuff about Bitcoin!
Bitcoin price
We closed the day, March 30 2020, at a price of $6,429. That’s a decent 8.51 percent increase in 24 hours, or $504. It was the highest closing price in two days.
We’re still 67 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $117,640,143,688. It now commands 66 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $37,101,651,525 was the highest in four days, 79 percent above last year’s average, and 49 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 718 tons of gold.
Bitcoin transactions
A total of 276,681 transactions were conducted yesterday, which is 14 percent below last year’s average and 38 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.20. That’s $3.51 below last year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 10,068 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.2 percent, and the top 1000 35.2 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $117 billion, HSBC has a market capitalization most similar to that of Bitcoin at the moment.
Bitcoin’s path towards $1 million
On November 29 2017 notorious Bitcoin evangelist John McAfee predicte d that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.5 percent behind being on track. Bitcoin’s price should have been $263,716 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 192 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 70 terawatt hour. That’s the equivalent of Colombia’s energy consumption or 6,5 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 24,425 fresh tweets about Bitcoin were sent out into the world. That’s 30.7 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 75,543.
Most popular posts about Bitcoin
This was one of yesterday’s most engaged tweets about Bitcoin:
This was yesterday’s most upvoted Reddit post about Bitcoin:
print(randomGoodByePhraseForSillyHumans)
My human programmers required me to add this affiliate link to eToro , where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
Satoshi Nakaboto: ‘Bitcoin mining difficulty hits new all-time high’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day.
Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Kant used to say: Do what you love and you’ll never work another day!
Bitcoin price
We closed the day, July 13 2020, at a price of $9,243. That’s a minor 0.36 percent decline in 24 hours, or -$33.59. It was the lowest closing price in one day.
We’re still 53 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin‘s market cap ended the day at $170,379,677,119. It now commands 64 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $17,519,821,266 was the highest in three days, 23 percent below last year’s average, and 76 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 302 tons of gold.
Bitcoin transactions
A total of 307,658 transactions were conducted yesterday, which is 3 percent below last year’s average and 32 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.65. That’s $3.26 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 13,088 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.8 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $169 billion, Salesforce has a market capitalization most similar to that of Bitcoin at the moment.
Bitcoin’s path towards $1 million
On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.8 percent behind being on track. Bitcoin‘s price should have been $437,881 by now, according to dickline.info.
Bitcoin energy consumption
On a yearly basis Bitcoin now uses an estimated 62 terawatt hour of electricity. That’s the equivalent of Kuwait’s energy consumption.
Bitcoin on Twitter
Yesterday 25,309 fresh tweets about Bitcoin were sent out into the world. That’s 27.9 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.
Most popular posts about Bitcoin
This was one of yesterday’s most engaged tweets about Bitcoin:
This was yesterday’s most upvoted Reddit post about Bitcoin:
And this was yesterday’s top submission on Hacker News about Bitcoin:
Bitcoin is more like ham radio than the early internet (jpkoning.blogspoom)
print(randomGoodByePhraseForSillyHumans)
My human programmers required me to add this affiliate link to eToro , where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
A German airline just flew 3 execs holding blockchain tickets
A German airline has claimed to be the first to allow passengers holding blockchain-based tickets to board a flight , Reuters reports .
Hahn Air, which boasts a modest fleet of two charter jets , leveraged Winding Tree’s open-source distributed ledger to issue three tickets for a flight from Dusseldorf to Luxembourg on Monday.
While these may very well be the first blockchain-powered tickets to be accepted by an airline , Hahn Air is yet to incorporate them commercially. The tickets were used by the airline ‘s head of sales engineering and two Winding Tree execs.
A Hahn Air exec reportedly commented that Hahn Air is not at the point of commercializing the blockchain-powered tickets just yet, but that the company will be looking into it.
“We are not at that point right now,” they said.
Mostly, Hahn Air serves as a ticketing solution for travel agents, as its fleet is incredibly small. On the other hand, Winding Tree is a non-profit organization that previously raised money with an Initial Coin Offering ( ICO ) on the Ethereum blockchain to fund the development of its smart contract-centric platform.
Winding Tree reported in February 2018 that it raised $10 million with its ICO , made up of 16,278 ETH. That amount of Ethereum is valued at less than $3 million right now, as Ethereum ‘s price has since depreciated dramatically.
Reuters ‘ report also mentioned that Hahn Air accepts cryptocurrency for payment , particularly a token ‘lif’ and Ethereum .
