Has Bitcoin become boring?
Bitcoin Network Capacity
The Bitcoin network capacity is 67.7PH/s this week and was 63.5PH/s. The past three weeks have hardly made any increase in mining hardware. This marks an increase of 106% in three weeks.
Bitcoin Market Capitalization
The Bitcoin market capitalization has slowed down as well. Currently, at $5.6B, and was at $6.4B for the past few weeks.
What does all this mean...It means Bitcoin has finally become stable, predictable and is possibly ready for utilization within the larger financial community...Unfortunately, a side effect of this is the raging roller coaster has slowed down and now appears boring in comparison.
Bring on the boredom in order to spur more investment.
Bitcoin Network Capacity
The Bitcoin network capacity is 67.7PH/s this week and was 63.5PH/s. The past three weeks have hardly made any increase in mining hardware. This marks an increase of 106% in three weeks.
Bitcoin Market Capitalization
The Bitcoin market capitalization has slowed down as well. Currently, at $5.6B, and was at $6.4B for the past few weeks.
What does all this mean...It means Bitcoin has finally become stable, predictable and is possibly ready for utilization within the larger financial community...Unfortunately, a side effect of this is the raging roller coaster has slowed down and now appears boring in comparison.
Bring on the boredom in order to spur more investment.
Virtex Canada - 10 day chart
BTC-e - 10 day Chart
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