Bitcoin Forum

Economy => Economics => Topic started by: chsados on August 06, 2013, 12:45:36 AM



Title: Help me estimate bitcoins total merchant/market net worth
Post by: chsados on August 06, 2013, 12:45:36 AM
I am trying to collect as much data as possible to get a rough idea how much money is being spent in bitcoins market place.  I am intersted in doing this as a result of many claims that Silk Road is the "driving marketplace of bitcoin" - which I don't think is particularly true.  If you have any links, or information about the below companies please share, I will keep it updated as more information comes in.  If you have any other suggestions on other bitcoin related merchants let me know.

BitPay ~$5 million (http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/)/month
CoinBase ~15 million (http://blog.coinbase.com/post/49782323057/coinbase-now-processing-15m-per-month-in-bitcoin-buys)/month *February buy and sales total | *email (https://i.imgur.com/8fmDNLJ.png)
BitcoinStore Lifetime sales: $662,993 | $662,993/7(?) months = $94,713/month
BitMit ?
CoinGig ~$5,000 (http://url=https://i.imgur.com/sMHHQZP.png)/month
Avalon 8 million in chip orders? *from comments here on bitcointalk, looking for links
Butterfly Labs ?
KnC owner refuses to answer (https://i.imgur.com/gYCbowR.png)
AsicMiner ~$6,711,800  (https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821) (unknown time frame) | Blade Sales Income: 29,594.75BTC + USB Sales Income: 37,524.00BTC
Satoshi Dice ?
BTCQuick ~ $320,721.23 (https://bitcointalk.org/index.php?topic=268673.msg2882712#msg2882712)/month

The only data I can find on Silk Roads annual sales is roughly $22 Million a year (http://arxiv.org/pdf/1207.7139v1.pdf), i.e. ~$1.8 million/month so BitPay alone technically processes more than Silk Road alone.



Title: Re: Help me estimate bitcoins total merchant/market net worth
Post by: Birdy on August 06, 2013, 12:52:57 AM
There is data aviable about Asicminer, don't know the time frame though:
https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821


Title: Re: Help me estimate bitcoins total merchant/market net worth
Post by: stereotype on August 06, 2013, 03:00:55 PM
How about BTCQuick.....

2013 July - $ 8071.86 (1st to 15th) - ~$9,141.13 (16th to 31st) - Total Monthly Sales of ~ $320,721.23 - TBD % Profit Margin - YTD Sales: ~ $737,788.69


Title: Re: Help me estimate bitcoins total merchant/market net worth
Post by: chsados on August 06, 2013, 11:59:19 PM
How about BTCQuick.....

2013 July - $ 8071.86 (1st to 15th) - ~$9,141.13 (16th to 31st) - Total Monthly Sales of ~ $320,721.23 - TBD % Profit Margin - YTD Sales: ~ $737,788.69
Can you provide links?


Title: Re: Help me estimate bitcoins total merchant/market net worth
Post by: Pale Phoenix on August 07, 2013, 01:12:01 AM
You can find data for Satoshi Dice in this thread: https://bitcointalk.org/index.php?topic=80312.0

Edit: Also, Just-Dice.com (https://just-dice.com/) has even more BTC wagers than Satoshi Dice, but they are off blockchain transactions for the most part. All of those statistics are published up to the minute.


Title: Re: Help me estimate bitcoins total merchant/market net worth
Post by: stereotype on August 07, 2013, 09:03:21 AM
How about BTCQuick.....

2013 July - $ 8071.86 (1st to 15th) - ~$9,141.13 (16th to 31st) - Total Monthly Sales of ~ $320,721.23 - TBD % Profit Margin - YTD Sales: ~ $737,788.69
Can you provide links?

https://bitfunder.com/asset/btcQuick#tab_description

https://bitcointalk.org/index.php?topic=246228.60


Title: Re: Help me estimate bitcoins total merchant/market net worth
Post by: halfawake on August 07, 2013, 11:42:34 PM
I'm a Coinbase customer and they list publicly on their blog that they've been processing $15 million in bitcoin buys and sells as of May of this year.  See http://blog.coinbase.com/post/49782323057/coinbase-now-processing-15m-per-month-in-bitcoin-buys for the source.  It's probably more than that now, but that's the most recent data that they've listed.