Guides & Analysis - BITCOIN

Ticker
1 BTC = $9743.00 USD  (via Coinbase)
1 ETH = $828.14 USD  (via Coinbase)
1 LTC = $200.41 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:
141
Time Between Blocks:
9.7429minuts
Bitcoins Mined:
176250000000BTC
MARKET SUMMARY
Market Price:
$9749.755
Time Bet
$987513399.585
Time Bet
101285.970733BTC
TRANSACTION SUMMARY
Total Transaction Fees (BTC):
8591345568BTC
Number of Transactions:
166450
Total Output Volume (BTC):
82236323531810BTC
Estimated Transaction Volume (BTC):
18207285089487BTC
Estimated Transaction Volume (USD):
$1775165688.38
MINING COST
Total Miners Revenue (USD):
$18021578.3316
HASH RATE AND ELECTRICITY CONSUMPTION
Difficulty:
3007383866429
Hash Rate:
21079198666.1GH/s