Satoshi Nakaboto: ‘New York power plant makes $50K a day mining Bitcoin’

Satoshi Nakaboto: ‘New York power plant makes $50K a day mining Bitcoin’ 1

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 Stephen Hawking used to say: Let’s get it!

Bitcoin price

We closed the day, March 05 2020, at a price of $9,078. That’s a respectable 3.63 percent increase in 24 hours, or $318. It was the highest closing price in eight days.

We’re still 54 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Coinbase 3

Bitcoin market cap

Bitcoin’s market cap ended the day at $165,731,679,918. It now commands 64 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $39,698,054,597 was the highest in one day, 105 percent above last year’s average, and 21 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 732 tons of gold.

Bitcoin transactions

A total of 349,366 transactions were conducted yesterday, which is 7 percent above last year’s average and 22 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.27. That’s $3.43 below last year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,169 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 14.9 percent, and the top 1000 34.6 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $167 Billion, Cisco 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 96.1 percent behind being on track. Bitcoin‘s price should have been $233,724 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 213 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 78 terawatt hour. That’s the equivalent of Chile’s energy consumption or 7,2 million US households. Bitcoin’s energy consumption now represents 0.35% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 26,232 fresh tweets about Bitcoin were sent out into the world. That’s 41.8 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:

Buy Bitcoin, Bye Banks!!! from r/Bitcoin

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

Erlay: Bandwidth-efficient Bitcoin transaction relay protocol (github.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 March 6, 2020 — 10:36 UTC

Satoshi Nakaboto: ‘New York power plant makes $50K a day mining Bitcoin’ 2
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 41,603.00
ethereum
Ethereum (ETH) $ 2,463.23
tether
Tether (USDT) $ 0.998285
binance-coin
Binance Coin (BNB) $ 333.12
cardano
Cardano (ADA) $ 1.31
xrp
XRP (XRP) $ 0.752829
dogecoin
Dogecoin (DOGE) $ 0.210436
usd-coin
USD Coin (USDC) $ 0.999681
polkadot
Polkadot (DOT) $ 16.41
binance-usd
Binance USD (BUSD) $ 0.999884
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 41,603.00
ethereumEthereum (ETH)
$ 2,463.23
tetherTether (USDT)
$ 0.998285
bitcoin-cashBitcoin Cash (BCH)
$ 544.95
litecoinLitecoin (LTC)
$ 143.76
bitcoinBitcoin (BTC)
35.041,17
ethereumEthereum (ETH)
2.074,72
tetherTether (USDT)
0,840830
bitcoin-cashBitcoin Cash (BCH)
459,00
litecoinLitecoin (LTC)
121,09
bitcoinBitcoin (BTC)
29,800.02
ethereumEthereum (ETH)
1,764.40
tetherTether (USDT)
0.715067
bitcoin-cashBitcoin Cash (BCH)
390.34
litecoinLitecoin (LTC)
102.97

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Hacks and Scam
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin41,575 0.44 % 7.29 % 24.27 %
Ethereum2,456.9 0.35 % 4.99 % 16.05 %
Tether1.000 0.21 % 0.05 % 0.20 %
Binance Coin332.16 0.23 % 7.32 % 11.60 %
Cardano1.310 0.78 % 3.82 % 8.75 %
XRP0.7517 0.17 % 4.07 % 23.34 %
Dogecoin0.2095 0.70 % 4.34 % 8.18 %
USD Coin0.9992 0.13 % 0.05 % 0.16 %
Polkadot16.31 0.80 % 11.31 % 22.15 %
Binance USD0.9984 0.18 % 0.05 % 0.56 %

bitcoin
Bitcoin (BTC) $ 41,196.00
ethereum
Ethereum (ETH) $ 2,439.29
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 328.31
cardano
Cardano (ADA) $ 1.30
xrp
XRP (XRP) $ 0.742352
dogecoin
Dogecoin (DOGE) $ 0.210005
usd-coin
USD Coin (USDC) $ 0.998893
polkadot
Polkadot (DOT) $ 16.25
binance-usd
Binance USD (BUSD) $ 0.998968