“Time Preference”- 8th Edition
1) # Full nodes (reachable) - 15,919 (-4.49%)
2) # LN nodes - 15,572 (-0.08%)
3) LN capacity (BTC) - 4,713 (-0.89%)
4) BTC addresses > 1M sats - 12.25M (+0.22%)
5) BTC addresses > 10M sats - 4.44M (+0.17%)
6) BTC addresses > 100M sats - 1.01M (+0.14%)
7) Hashrate (EH/s) - 406 (+5.66%)
8) Price - $26,040 (-11.84%)
9 Price/Hashrate - 64 (-16.57%)
10) Michigan businesses accepting BTC (btcmap.org) - 21 (n/c)
* % change figures from prev. week
We have movement! On the bright side, number of addresses w/ a balance greater than 1M sats continue to grind higher, all the way through balances greater than 1 full BTC. Week in and out this has been consistent! A big downside I see from previous week is almost a 4.5% DECREASE in number of full nodes reachable. Will keep a close eye on this one in the next few weeks.
As we all know, price went down, a lot. Yet hashrate continues to soar! Price / hashrate multiple has to be one of the lowest it's been (if not ever?), almost 17% DECREASE in one week. I'd really like to understand what's driving this hashrate increase lately! Putting it into perspective, my estimates show hashrate has increase 25% in the last 5-6 months alone, all while Bitcoin price has remained essentially flat from early March until now. What gives?
#bitcoin #timepreference #mining #lightningnetwork⚡️
