Guides & Analysis - BITCOIN

Ticker
1 BTC = $7366.97 USD  (via Coinbase)
1 ETH = $565.90 USD  (via Coinbase)
1 LTC = $117.47 USD  (via Coinbase)
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What is Bitcoin?

Bitcoin is a revolutionary currency created in 2008 by a developer under the pseudonym Satoshi Nakamoto. A “decentralized” digital currency with no central bank or controller, Bitcoin’s circulation is provided by a network of its users, who have a financial incentive to make sure transactions are fulfilled, recorded and secured.

Its backbone is the blockchain; a publicly visible ledger which allows anyone to verify a Bitcoin transaction – from those made minutes ago back to the very first one ever made.

As time went by, Bitcoin gained recognition beyond a computer geek community. In the spring of 2013, Bitcoin’s value more than doubled in the wake of the Cyprus Banking Crisis. People began to worry that their money would not be safe in banks, and they began converting their bucks into Bitcoin. As investors from China and elsewhere began to realize the potential of the currency, its value went from just over US$100 per Bitcoin to a peak of over $1,200.

Bitcoin Stats

Summary of bitcoin statistics for the previous 24 hour period.

BLOCK SUMMARY
Blocks Mined:
153
Time Between Blocks:
8.9211minuts
Bitcoins Mined:
191250000000BTC
MARKET SUMMARY
Market Price:
$7380.61333333
Time Bet
$720601888.25
Time Bet
97634.418131BTC
TRANSACTION SUMMARY
Total Transaction Fees (BTC):
2909320201BTC
Number of Transactions:
215701
Total Output Volume (BTC):
116047312187956BTC
Estimated Transaction Volume (BTC):
14158369245110BTC
Estimated Transaction Volume (USD):
$1044974488.29
MINING COST
Total Miners Revenue (USD):
$14330148.6747
HASH RATE AND ELECTRICITY CONSUMPTION
Difficulty:
4143878474754
Hash Rate:
31516977392.7GH/s

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