The past week has shown a moderated increase in Bitcoin price from $133 --> $140.
The Bitcoin network capacity was last noted at 1137TH/s. Remarkably the Bitcoin network continues to rocket upward and has hit a new milestone of 1376TH/s. The Bitcoin network is now 121% over the span of one week.
The Bitcoin market capitalization is now listed at $1.591B dollars. This means the Bitcoin market as a whole has decreased in value by $56M in one week. The increase in value of the Bitcoin network is slowing over the past few weeks.
Does this mean the Bitcoin network is outgrowing it's profitability?
It would still appear not. There still appears to be significant investment the digital currency and the current manufacturing of Bitcoin mining ASIC devices.
The Bitcoin network capacity was last noted at 1137TH/s. Remarkably the Bitcoin network continues to rocket upward and has hit a new milestone of 1376TH/s. The Bitcoin network is now 121% over the span of one week.
The Bitcoin market capitalization is now listed at $1.591B dollars. This means the Bitcoin market as a whole has decreased in value by $56M in one week. The increase in value of the Bitcoin network is slowing over the past few weeks.
Does this mean the Bitcoin network is outgrowing it's profitability?
It would still appear not. There still appears to be significant investment the digital currency and the current manufacturing of Bitcoin mining ASIC devices.
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