This week has shown some additional stability for the Bitcoin currency.
Despite the recent adversity, Bitcoin continues to stay at relatively stable pricing around $800-900/BTC this week and maintain the 5 week average of approximately $800.
The Bitcoin network capacity was 7170TH/s last week and is now 9120TH/s. The Bitcoin network is now 127% over the span of this week. If we assume a price of approx $25/GH, there is now $228 million dollars invested in mining hardware.
The Bitcoin market capitalization is $11.9B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B --> $10.4B --> $14.8B --> $12.9B over the last few weeks. It appears that the capital investment in Bitcoin has peaked recently around $15B....Where the next step is, who knows??
Despite the recent adversity, Bitcoin continues to stay at relatively stable pricing around $800-900/BTC this week and maintain the 5 week average of approximately $800.
The Bitcoin network capacity was 7170TH/s last week and is now 9120TH/s. The Bitcoin network is now 127% over the span of this week. If we assume a price of approx $25/GH, there is now $228 million dollars invested in mining hardware.
The Bitcoin market capitalization is $11.9B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B --> $10.4B --> $14.8B --> $12.9B over the last few weeks. It appears that the capital investment in Bitcoin has peaked recently around $15B....Where the next step is, who knows??
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