Christmas tree that mines Bitcoin

@bitcoins

2049th reason why we need Bitcoin!!

@bitcoins

The hashrate of the Bitcoin network at the moment fell by more than 38.8%, from 230 EH/s to 155 EH/s. It happened due to a snowstorm in the US, which cut off power lines and stopped the work of the miners.

Riot Blockchain, Core Scientific, Compass Mining and other major mining companies have stopped their miners.

@bitcoins

🎄Below is the price for 1 Bitcoin on Christmas of each year since BTC was created:

2008: $0 (During this period, no one knew about BTC. Only the bitcoin.org domain was registered and the blockchain was being developed.)
2009: $0.0007
2010: $0.25
2011: $4
2012: $13
2013: $651
2014: $330
2015: $453
2016: $899
2017: $13,611
2018: $4,124
2019: $7,318
2020: $23,475
2021: $50,825
2022: $16,832

@bitcoins

This is how Bitcoin OTC looked like in 2010 – for example, OGs sold 5000 BTC at €0.136 🤯

@bitcoins

📉 According to the Hashrate Index, since May 2022, the prices of the most efficient ASIC miners (Antminer S19 and Whatsminer M30s) have fallen by 87%.

The drop in prices is largely due to the collapse of a number of major mining companies, many of which have filed for Chapter 11 bankruptcy or sold their assets and equipment to stay afloat.

https://data.hashrateindex.com/asic-index-data

@bitcoins

Did you know that India 🇮🇳 ranks third in terms of Bitcoin adoption?

@bitcoins

📉 Bitcoin volatility index fell to its all-time low at 11.46 today.

@bitcoins

Satoshi Nakamoto opened a bank account for 8 billion people...

@bitcoins

MicroStrategy increases bitcoin holdings by 2,500 and now holds 132,500 BTC. They now hold 132,500 bitcoins at an average price of ~ $30,397 BTC.

@bitcoins

Yes, Bitcoin cannot do the same... Probably, it's the only thing $BTC cannot do.

@bitcoins

🔎 Global interest for the most populat cryptos continued to decline over the past year.

📊 Bitcoin has dropped from 100 (the peak of popularity in December 2017) to 17 points this month.

👆However, don't forget the golden rule: the more people are disappointed in cryptocurrencies, the more chances there are for an uptrend.

@bitcoins

The range of bitcoin prices is closely linked to the decline in whale interest.

@bitcoins

30-day Bitcoin historical volatility is at the lowest point of the year.

@bitcoins

The entire bitcoin blockchain can be written into this terabyte card.

The worldwide decentralized financial network that fits on a fingertip...

@bitcoins

Central banks are preparing to buy & store Bitcoin??

Official guidance being set by the Bank of International Settlements (Bank for central banks).

https://www.bis.org/bcbs/publ/d545.pdf

@Bitcoins

📉 In 2022, the share prices of 5 BTC mining companies: Core Scientific, Riot Blockchain, Bitfarms, Iris Energy and CleanSpark collapsed by 99%, 85%, 91%, 92% and 79%.

@Bitcoins