Satoshi Nakaboto: ‘Every $1 of Bitcoin mined in the US responsible for $0.49 in human and environmental damages’


What happened with bitcoin in last 24 hrs?

Bitcoin Price

We closed the day, October 4 2019, at a price of $8,205. That’s a minor 0.64 percent decline in 24 hours, or -$53.54. It was the lowest closing price in four days.

We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $147,491,804,056. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $13,139,456,229 was the lowest in one day, 14 percent below the year’s average, and 70 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 272 tons of gold.

Bitcoin transactions

A total of 337,075 transactions were conducted yesterday, which is 0 percent above the year’s average and 25 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.25. That’s $3.46 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,017 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.3 percent.

Company with a market cap closest to Bitcoin
With a market capitalization of $148 Billion, HSBC 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 92.6 percent behind being on track. Bitcoin‘s price should have been $111,638 by now, according to

Bitcoin Energy Consumption

Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 14,904 fresh tweets about Bitcoin were sent out into the world. That’s 20.8 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Comments 2

Interesting article. It is hard to take many other factors into account though. Yes, there are environmental implications to Bitcoin but there are also many environmental implications related to keeping the present government/corporation run fiat systems as well. Tough subject to really know a lot about ultimately.

06.10.2019 02:27

If Bitcoin will ever reach one million dollars it will mean the disappearance of fiat money as it will be to powerful to be stopped at that point. I've always seen crypto as the coin from the future, traded between humans and aliens all over the Universe, so I am sure that it will never stop raising in value.

06.10.2019 08:19