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Satoshi Nakaboto: ‘Ethereum miners were 6x more profitable than Bitcoin miners in September’

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 Pasteur used to say: Live, laugh, love!

Bitcoin price

We closed the day, October 01 2020, at a price of $10,623. That’s a minor 1.49 percent decline in 24 hours, or -$161.68. It was the lowest closing price in seven days.

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

Bitcoin market cap

Bitcoin‘s market cap ended the day at $196,588,367,760. It now commands 58 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $27,178,227,816 was the highest in nine days, 18 percent above last year’s average, and 63 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 442 tons of gold.

Bitcoin transactions

A total of 304,633 transactions were conducted yesterday, which is 4 percent below last year’s average and 32 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $2.13. That’s $1.78 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 17,445 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 14.2 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $197 billion, Nike 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 $634K behind being on track. Bitcoin‘s price should have been $644,381 by now, according to dickline.info.

Bitcoin energy consumption

On a yearly basis Bitcoin now uses an estimated 71 terawatt hour of electricity. That’s the equivalent of Colombia’s energy consumption.

Bitcoin on Twitter

Yesterday 35,755 fresh tweets about Bitcoin were sent out into the world. That’s 70.3 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 yesterday’s most engaged tweet about Bitcoin:

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

Twitter CEO Jack Dorsey Admits: I Only Own Bitcoin, It Is Direct Activism from r/Bitcoin

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

Tracking Mixed Bitcoins (arxiv.org)

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 October 2, 2020 — 08:41 UTC