This week in Bitcoin has been extremely volatile.
Bitcoin market
The price of Bitcoin has slid this week from a stable $90/B to a level not seen for some time, around $70/B.
This has reduced the overall Bitcoin market capitalization from over $1.1B for the past few months to just over $770M in a relatively short period of time.
The difficulty of each block still remains on an upward tragjectory (currently 21M and scheduled to increase to 23.5M). This will provide increased pressure on Bitcoin miners to improve the efficiency of their operations to remain profitable.
The current mining factor is $0.16 USD/24hrs@100Mhash/s. These levels have not been seen since the fall of 2012.
Click images to enlarge.
Bitcoin market
The price of Bitcoin has slid this week from a stable $90/B to a level not seen for some time, around $70/B.
This has reduced the overall Bitcoin market capitalization from over $1.1B for the past few months to just over $770M in a relatively short period of time.
The difficulty of each block still remains on an upward tragjectory (currently 21M and scheduled to increase to 23.5M). This will provide increased pressure on Bitcoin miners to improve the efficiency of their operations to remain profitable.
The current mining factor is $0.16 USD/24hrs@100Mhash/s. These levels have not been seen since the fall of 2012.
Click images to enlarge.
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