Monday , October 26 2020

Satoshi Nakaboto: ‘Iran to auction surplus energy to Bitcoin miners’

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Inside money, markets, and big tech

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC 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 Plato used to say: Time to learn some stuff about Bitcoin!

We closed the day, September 22 2020, at a price of $10,538. That’s a minor 0.75 percent increase in 24 hours, or $78. It was the highest closing price in one day.

We’re still 47 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $194,932,197,947. It now commands 59 percent of the total crypto market.

Yesterday’s volume of $23,621,787,804 was the lowest in two days, 2 percent above last year’s average, and 68 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 391 tons of gold.

A total of 312,860 transactions were conducted yesterday, which is 1 percent below last year’s average and 30 percent below last year’s high.

Yesterday’s average transaction fee concerned $1.37. That’s $2.54 below last year’s high of $3.91.

As of now, there are 17,347 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.8 percent of the total supply, the top 100 14.0 percent, and the top 1000 34.8 percent.

With a market capitalization of $197 billion, Novartis has a market capitalization most similar to that of Bitcoin at the moment.

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 $606K behind being on track. Bitcoin‘s price should have been $616,974 by now, according to dickline.info.

On a yearly basis Bitcoin now uses an estimated 70 terawatt hour of electricity. That’s the equivalent of Colombia’s energy consumption.

Yesterday 38,132 fresh tweets about Bitcoin were sent out into the world. That’s 82.5 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

This was yesterday’s most engaged tweet about Bitcoin:

Three Iranian power plants have been given the green light to provide their surplus energy to #Bitcoin miners in order to ramp up their revenue and ease pressure on the national power grid.@williamheasman reportshttps://t.co/bBxpfstn7z

— BTC Times (@btc) September 22, 2020

This was yesterday’s most upvoted Reddit post about Bitcoin:

Bitcoin Community Blasts Deutsche Bank for Facilitating Financial Crime from r/CryptoMarkets

And this was yesterday’s top submission on Hacker News about Bitcoin:

Why Bitcoin will be bigger than you think (andyjagoe.com)

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’.

Published September 23, 2020 — 09:08 UTC

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