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Title: Most profitable Bitcoin companies Post by: flix on January 16, 2013, 08:36:33 PM Let's make a list, with whatever info is publicly available, of most successful businesses in the bitcoin ecosystem. Obviously there are hundreds here (https://en.bitcoin.it/wiki/Trade), but let's focus on the ones big enough to attract investors, make news, advertise, etc..
Updated a few things here: https://en.bitcoin.it/wiki/Bitcoin_Ladder#Top_companies (https://en.bitcoin.it/wiki/Bitcoin_Ladder#Top_companies)
1º MagicalTux (https://bitcointalk.org/index.php?action=profile;u=2134) 3º BitPay (https://bitcointalk.org/index.php?action=profile;u=31293) 4º Gareth (BitInstant) (https://bitcointalk.org/index.php?action=profile;u=13987) 5º evoorhees (https://bitcointalk.org/index.php?action=profile;u=12149) 6º BFL (https://bitcointalk.org/index.php?action=profile;u=44366) 7º Coinabul (https://bitcointalk.org/index.php?action=profile;u=42204) 8º & 10º MPOE (https://bitcointalk.org/index.php?action=profile;u=52741) 9º tosaki (https://bitcointalk.org/index.php?action=profile;u=35736) 12º MemoryDealers (https://bitcointalk.org/index.php?action=profile;u=10310) 13º coinjedi (https://bitcointalk.org/index.php?action=profile;u=15663) 14º piuk (https://bitcointalk.org/index.php?action=profile;u=17928) 15º libertaad (https://bitcointalk.org/index.php?action=profile;u=48779) 16º FreeMoney (https://bitcointalk.org/index.php?action=profile;u=381) 17º BitSyncom (https://bitcointalk.org/index.php?action=profile;u=68196) 19º friedcat (https://bitcointalk.org/index.php?action=profile;u=49840) Title: Re: Most profitable Bitcoin companies Post by: Elwar on January 16, 2013, 08:40:49 PM Pirate
Title: Re: Most profitable Bitcoin companies Post by: Coinster on January 16, 2013, 08:43:03 PM coinabul > bitinstant?
Title: Re: Most profitable Bitcoin companies Post by: flix on January 16, 2013, 08:43:40 PM coinabul > bitinstant? give me numbers/estimates and I will correct.. Title: Re: Most profitable Bitcoin companies Post by: Coinster on January 16, 2013, 08:46:44 PM coinabul > bitinstant? give me numbers/estimates and I will correct.. I don't have numbers, just guesstimating volume and markup for each. Bitinstant I'd think has way more volume. Title: Re: Most profitable Bitcoin companies Post by: flix on January 17, 2013, 11:37:08 AM Some numbers here:
http://mpex.co/ Satoshi Dice: http://mpex.co/?mpsic=S.DICE Profit/month = $59k Est. Annual profit = $720k BTC49k Bitbet.us: http://mpex.co/?mpsic=S.BBET MPOE: November 2012 Statement http://polimedia.us/trilema/2012/mpoe-november-2012-statement/ Revenue : 25`553.98115344 BTC ---> $ 370k Profit : 433.9709646 BTC ---> $ 6k /mth --->$ 72k/yr (est) Title: Re: Most profitable Bitcoin companies Post by: 420 on January 18, 2013, 07:02:14 AM http://betsofbitco.in
I didn't even know of http://bitbet.us till a few days ago Title: Re: Most profitable Bitcoin companies Post by: MPOE-PR on January 18, 2013, 07:07:25 PM The correct MPOE/MPEx 2012 figure is 14,150.9485518 BTC profit (2,850.59835549 (http://polimedia.us/trilema/2012/mpoe-december-2012-statement/) + 433.9709646 (http://polimedia.us/trilema/2012/mpoe-november-2012-statement/) + 630.31566629 (http://polimedia.us/trilema/2012/mpoe-october-2012-statement/) + 4,872.46491161 (http://polimedia.us/trilema/2012/mpoe-rezultate-septembrie-2012/) + 1,239.03038447 (http://polimedia.us/trilema/2012/mpoe-rezultate-august-2012/) + 1,068.67052326 (http://polimedia.us/trilema/2012/mpoe-rezultate-iulie-2012/) + 1,724.84158790 (http://polimedia.us/trilema/2012/mpoe-rezultate-iunie-2012/) + 76.60729819 (http://polimedia.us/trilema/2012/mpoe-rezultate-mai-2012/) + 1,143.65921508 (http://polimedia.us/trilema/2012/mpoe-rezultate-aprilie-2012/) + 110.78964491 (http://polimedia.us/trilema/2012/mpoe-rezultate-martie-2012/)), over 666,589.08632102 BTC traded in the general market and 167,546.37322803 BTC traded by the MPOE bot.
This covers the February - December 2012 interval (MPEx was only started in February) and so understates the year. The profit figure consists of dividends paid to shareholders only - arguably interest paid on MPOE bonds should also be included (this wouldn't have much impact on 2012 figures). MPEx has made no USD revenue or profit in 2012, nor is it expected to ever make any USD revenue or profit. Bitbet has so far booked bets worth ~2,243 BTC. The figure accounts for 12 days in the current month which happens to also be the site's first month in operation, and as such isn't particularly meaningful. Bitbet has made no USD revenue or profit in 2012, nor is it expected to ever make any USD revenue or profit. As per dooglus' SatoshiDICE figures (https://bitcointalk.org/index.php?topic=80312.msg1428207#msg1428207), profit stood at 33,274.25422617 BTC at the end of 2012 over ~2,348,834 total BTC bet (so the house made 1.879%, a little under its theoretical edge). As far as I know SatoshiDICE has made no USD revenue or profit in 2012, nor is it expected to ever make any USD revenue or profit. (Also afaik the 2mn BFL figure refers to their gross take over their entire lifetime, and it unwholesomely consolidates equity positions into "sales". Their "preorders" are equity sales, not product sales.) Title: Re: Most profitable Bitcoin companies Post by: tipex on January 18, 2013, 07:17:16 PM Am I wrong in saying Bitstamp should be on this list? Trade volume for the last 24 hours were 7752.92 BTC and they seem to be going up daily! Seems to be right up there on sales.
Title: Re: Most profitable Bitcoin companies Post by: bbit on January 19, 2013, 02:53:45 AM bitcoinstore ? I believe that list without Roger wouldn't be a legit list yes?
edit: also bitmit I wonder how much they do? Title: Re: Most profitable Bitcoin companies Post by: MemoryDealers on January 19, 2013, 07:38:10 AM bitcoinstore ? I believe that list without Roger wouldn't be a legit list yes? I actually plan to make the final Bitcoin payout address from Bitcoinstore.com (http://Bitcoinstore.com) sales public so anyone can track exactly how many BTC worth of goods are being sold. Title: Re: Most profitable Bitcoin companies Post by: Boussac on January 19, 2013, 02:13:48 PM @OP
I believe you are comparing apples and oranges: I see a bitcoin exchange which is charging trading fees compared to an online store yet you are listing the trading volume of the exchange along with the actual sales of the store. Title: Re: Most profitable Bitcoin companies Post by: hazek on January 19, 2013, 02:35:04 PM Am I wrong in saying Bitstamp should be on this list? Trade volume for the last 24 hours were 7752.92 BTC and they seem to be going up daily! Seems to be right up there on sales. You are not wrong, given the current list Bitstamp should definitely be on it. Title: Re: Most profitable Bitcoin companies Post by: MPOE-PR on January 20, 2013, 08:21:10 AM bitcoinstore ? I believe that list without Roger wouldn't be a legit list yes? I actually plan to make the final Bitcoin payout address from Bitcoinstore.com (http://Bitcoinstore.com) sales public so anyone can track exactly how many BTC worth of goods are being sold. Not a half bad idea, that. @OP I believe you are comparing apples and oranges: I see a bitcoin exchange which is charging trading fees compared to an online store yet you are listing the trading volume of the exchange along with the actual sales of the store. This is a pretty good point, actually. Then again, if you restructure the list to be "profit only" pretty much all left on it is S.MPOE and S.DICE. At least for now. (Also possibly MtGox, do they still publish those P&L things?) Title: Re: Most profitable Bitcoin companies Post by: flix on January 21, 2013, 02:34:46 PM Adding http://www.bitcoinstore.com/ and bitstamp.
Numbers are in $... but I'm open to doing it in BTC, and even more open to somebody else doing it for me! Also this: https://en.bitcoin.it/wiki/Bitcoin_Ladder ...could use some help. Title: Re: Most profitable Bitcoin companies Post by: flix on January 21, 2013, 04:03:02 PM Updated a few things here:
https://en.bitcoin.it/wiki/Bitcoin_Ladder#Top_companies (https://en.bitcoin.it/wiki/Bitcoin_Ladder#Top_companies) ..and up top. Title: Re: Most profitable Bitcoin companies Post by: hazek on January 21, 2013, 04:47:15 PM Adding http://www.bitcoinstore.com/ and bitstamp. bitstamp's monthly "sales" is 1,3M if you want to treat them the same as mtgox Title: Re: Most profitable Bitcoin companies Post by: flix on January 21, 2013, 04:55:03 PM Adding http://www.bitcoinstore.com/ and bitstamp. bitstamp's monthly "sales" is 1,3M if you want to treat them the same as mtgox $ or BTC ? Title: Re: Most profitable Bitcoin companies Post by: flix on January 21, 2013, 04:57:28 PM @OP I believe you are comparing apples and oranges: I see a bitcoin exchange which is charging trading fees compared to an online store yet you are listing the trading volume of the exchange along with the actual sales of the store. That's how it's done: http://finviz.com/ Every investor understands that revenue (or NII) for a financial co. does not mean the same as revenue (sales) for a retailer, margins are different, but it is still listed... That's why profit is the more useful number here. Title: Re: Most profitable Bitcoin companies Post by: hazek on January 21, 2013, 05:28:17 PM Adding http://www.bitcoinstore.com/ and bitstamp. bitstamp's monthly "sales" is 1,3M if you want to treat them the same as mtgox $ or BTC ? $1,2 - $1,3M source: 30day http://bitcoincharts.com/markets/bitstampUSD_trades.html Title: Re: Most profitable Bitcoin companies Post by: flix on January 21, 2013, 06:08:48 PM $1,2 - $1,3M source: 30day http://bitcoincharts.com/markets/bitstampUSD_trades.html Thanks Title: Re: Most profitable Bitcoin companies Post by: Isokivi on January 21, 2013, 06:58:47 PM bitcoinstore ? I believe that list without Roger wouldn't be a legit list yes? I actually plan to make the final Bitcoin payout address from Bitcoinstore.com (http://Bitcoinstore.com) sales public so anyone can track exactly how many BTC worth of goods are being sold. Kudos, brilliant. Title: Re: Most profitable Bitcoin companies Post by: flix on January 22, 2013, 07:28:56 PM Jon Matonis:
Bitcoin Casinos Release 2012 Earnings http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/ Quote SatoshiDice reported first year earnings from wagering at an impressive ฿33,310. Quote BitZino reported first year earnings from wagering of ฿10,137. Quote Seals With Clubs would be earning at least ฿20 per day on 4,000 raked hands dealt (or ฿600 per month on average). The operator does not make details available down to that level so we have no way of knowing with certainty. Title: Re: Most profitable Bitcoin companies Post by: flix on February 08, 2013, 05:18:23 PM Coinbase Is Now Selling Over $1M USD Of Bitcoin Per Month
http://blog.coinbase.com/post/42587245753/coinbase-is-now-selling-over-1m-usd-of-bitcoin-per Quote In the past 30 days, our customers have bought or sold over $1M USD worth of bitcoin on Coinbase, and demand is continuing to grow. http://media.tumblr.com/9a740e41a571d7730135dabba0664d1f/tumblr_inline_mhw1deFnM51qz4rgp.pngTitle: Re: Most profitable Bitcoin companies Post by: flix on March 25, 2013, 06:09:41 PM BitPay, Reaching a $2M Milestone in March, Cuts Fees
As usual, Jon Matonis has the scoop: http://www.paymentssource.com/news/bitpay-reaching-2m-milestone-in-march-cuts-fees-3013622-1.html Quote BitPay has over 4,000 merchants on its payments platform and is acquiring new merchants at a rate of 1,000 per month, the company says. It also recently announced that it has integrated its payment platform with Amazon’s fulfillment services, enabling merchants to combine frictionless international payments with international shipping in a fully-automated system. |
