Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: #Bitcoin

The 230,400 bitcoins issued which Bitcoin miners took in during the month is valued at $2.70 million using the average daily valuation for the month of $11.72. Miners fared less well in October thanks to a rising difficulty — 15% higher at the end of the month versus the level at the beginning as well as the decline in the exchange rate. The mining profitability computation normally changes solely due to the combined changes in difficulty and the exchange rate. Later this month, at block 210,000, the block reward mining subsidy drops by half. This halving of the amount of currency issued means miner’s revenues will drop in half as well. Many miners were speculating that the lowered issuance would result in a spike in the exchange rate — but since the halving is no surprise to investors, this event appears to already have been priced into today’s exchange rate.

Full article: http://www.bitcoinmoney.com/post/34853623626/october-2012...

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@GatoMalo2 » 04 Nov '12, 9pm
Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012 [link] #gAtO ✅ #infosec #tor #security #cyberwar #bitcoin
@Dr_Revelator » 03 Nov '12, 10pm
RT @ShinseikoAiRoku: #Bitcoin is a store of value and payment system that is based on math rather than regulation and trust for its survival [link]
@ShinseikoAiRoku » 03 Nov '12, 9pm
#Bitcoin is a store of value and payment system that is based on math rather than regulation and trust for its survival [link]
@ScientificMoust » 03 Nov '12, 12pm
[link] #bitcoin October in review.
@gobitcoin » 03 Nov '12, 9am
BitcoinMoney:Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012 For... [link]
@bitcoinnews » 02 Nov '12, 10pm
RT @bitcoinmoney: Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: [link] #Bitcoin
@bitcoinmoney » 02 Nov '12, 10pm
Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: [link] #Bitcoin
@twiteis » 02 Nov '12, 11pm
RT @bitcoinmoney: Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: [link] #Bitcoin
@BitCoinReporter » 02 Nov '12, 11pm
Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012 [link] #bitcoin
@AnonsLEV » 02 Nov '12, 10pm
RT @bitcoinmoney: Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: [link] #Bitcoin
@Netzblockierer » 02 Nov '12, 10pm
RT @bitcoinmoney: Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: [link] #Bitcoin