Bitcoin Network Status Update Saturday, July 17, 2021

Status of the Bitcoin network as of Saturday, July 17, 2021 at 12:00:01 EST:

Total bitcoins: 18,758,977.294971

Height: 691,449

Difficulty: 14,363,025,673,659.960938

Statistics for the past 24 hours:

Number of blocks mined: 154

Total bitcoins output (amount sent): 1,772,780.563181

Total fees: 14.242036

Average time until block found: 9 minutes, 21 seconds

Estimated hashrate: 109,954,441,310.283783 gh/s

Current price: US$31,678.72

Data provided by Smartbit.com.au. Price data provided by Coinbase.com.

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submitted by /u/crypto_bot
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Dumpster diving for bitcoin : The Bitcoin.com Weekly Update

submitted by /u/crypto_advocate [link] [comments]

source https://www.reddit.com/r/btc/comments/ombdth/dumpster_diving_for_bitcoin_the_bitcoincom_weekly/

Lightning just doesn't work consistently

submitted by /u/Phptower
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source https://www.reddit.com/r/btc/comments/ombd1e/lightning_just_doesnt_work_consistently/

Bitcoin Cash folks, we have strong support to cross the "George Fool Line" 🚀

submitted by /u/thundermooncat [link] [comments]

source https://www.reddit.com/r/btc/comments/omb650/bitcoin_cash_folks_we_have_strong_support_to/

Reminder: Only around 14 Million BTC will ever be in circulation. Having 0.135 BTC will put you in the top 5%, forever.

Hundreds of Bitcoin are lost daily and large accounts like Nakamoto's will probably remain dormant. At current prices ($31647) let's not forget how scarce bitcoin actually is. You don't have to put everything in Bitcoin, just enough to put you ahead.

Top 5% - 0.135 BTC - $4271.12

Top 2% - 1.53 BTC - $48405.99

Top 1% - 3.6 BTC - $113896.44

Top 0.5% - 6.8 BTC - $215137.72

Top 0.1% - 21 BTC - $664395.90

Edit: For those asking about the math. This is the source I used https://www.youtube.com/watch?v=dOI0hXICKto

submitted by /u/Argentino_Feliz
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What can a new grad mechanical engineer do to help Bitcoin reach its full potential

Most of the talk on this sub is about the software side of Bitcoin, and understandably so. However I have very limited amounts of applicable software and coding knowledge and it isn't something I want to train myself in so I can contribute. I am however graduating soon with a bachelor's in mechanical engineering and am curious to hear some ideas about contributions that I could possibly make (beyond the standard hodler and information spreading mentality).

submitted by /u/Ancient_Locksmith346
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As Bitcoin and other cryptocurrencies lose billions of dollars, Elon Musk boosts the price of Dogecoin.

Elon Musk, the Tesla entrepreneur who uses dogecoin, has increased the cryptocurrency's price by tweeting that his kid is "handling his doge like a champ."

Following Musk's Twitter tweet, the dogecoin price rose from lows of about 17 cents, down approximately 75% from its April peak.

https://www.SunDispatch.com/as-bitcoin-and-other-cryptocurrencies-lose-billions-of-dollars-elon-musk-boosts-the-price-of-dogecoin/

submitted by /u/BoyYeetzWorld
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source https://www.reddit.com/r/btc/comments/omab02/as_bitcoin_and_other_cryptocurrencies_lose/