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Re: CryptoWStreet post# 6026

Wednesday, 04/09/2014 10:20:44 AM

Wednesday, April 09, 2014 10:20:44 AM

Post# of 57991
100 TH/s is an amazing "first phase"

At current BTC mining difficulty:

Difficulty Factor: 6119726089.13
Hash Rate: 100 TH/s
Exchange rate: 445.0
BTC / Block: 25.00000000

This Difficulty
Coins Dollars
per Day 8.21779454 BTC $3,656.92
per Week 57.52456178 BTC $25,598.43
per Month 249.82095402 BTC $111,170.32

Next Difficulty [estimated]
Coins Dollars
per Day 7.89833077 BTC $3,514.76
per Week 55.2 8831539 BTC $24,603.30
per Month 240.10925542 BTC $106,848.62

Also,

So who owns how many bitcoins?
First things first, around 31 million transactions have taken place in bitcoin’s history. That seemed a little low to me to begin with, but it starts to look more reasonable in the light of other findings.

More than 25 million addresses have been referenced in those 31 million transactions. The total number of addresses, of course, gives an upper limit for the number of possible bitcoin users. Naturally, not every address ever referenced is still in use. In fact, it turns out that less than 10 percent actually have any bitcoins in – fewer than 2.5 million.

So that means an absolute maximum of around 2.5 million people own bitcoins right now. But approximately half of these addresses have very, very small amounts of bitcoin in – what is termed ‘dust’, or less than one millibit (0.001 btc). The total balance of all of those 1.2 million addresses is only 121 bitcoins, which means they each hold an average of just 0.0001 btc. In dollar terms and at current values, these 1.2 million ‘dust’ addresses hold a maximum of $0.80 and an average of $0.08.



This was an article posted on Feb 10, 2014.

Having ONLY 2.5 Million Wallets with BTC in them when we have a population of 7+ billion on earth...am I missing something here??

2,500,000 / 7,000,000,000 x 100 = 0.035% of the world currently own this universal digital currency.

2 words is all I have to say at this point with digital currencies...Tic Toc...Tic Toc

$MELY

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