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Bit By Bit

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Bit By Bit

Though once a rarely understood and even more rarely used form of currency, the use of bitcoins exploded this year: Since bitcoins were first issued in 2009, the value of all coins in circulation has increased eightfold to $1.1 billion. Let's explore what they're worth and how they're being used.

How Many Are Out There

Total bitcoins in circulation

  • 50 in January 2009
  • 11.3 million in June 2013

Where They Are Being Used

Total 2013 downloads of Bitcoin software per million population:

  1. Canada 1,498
  2. Australia 1,429
  3. UK 1,202
  4. U.S. 1,113
  5. Germany 778
  6. Poland 686
  7. Spain 556
  8. Ukraine 417
  9. Romania 411
  10. Russia 407
  11. France 339
  12. Italy 275
  13. Argentina 242
  14. Taiwan 176
  15. China 134
  16. South Africa 106
  17. Brazil 92
  18. Mexico 62
  19. Colombia 59
  20. Turkey 55
  21. South Korea 47
  22. Japan 33
  23. Indonesia 12
  24. India 9

How Much Are They Worth?

Exchange rate for one bitcoin:

  • U.S. dollar 111.91
  • Euro 86.80
  • Australian dollar 117.23
  • British pound 73.25
  • Yen 11405.26
  • Polish zloty 367
  • Canadian dollar 116
  • Swiss Franc 115.2
  • Russian ruble 3910
  • Swedish krona 789.65

Biggest Heists in Bitcoin History

Thousands of bitcoins have been lost to theft over the years. Here are the top incidents and number of bitcoins lost:

  1. Bitcoin Savings and Trust 200,000
  2. MyBitcoin Theft 79,000
  3. Linode Hacks 46,000
  4. July 2012 Bitcoinica Theft 40,000
  5. May 2012 Bitcoinica Hack 18,000
  6. Allinvain Theft 25,000
  7. Bitfloor Theft 24,000
  8. Tony Silk Road Scam 20,000
  9. Bitomat.pl Loss 17,000
  10. Bitcoin7 Hack 11,000

SOURCES

en.bitcoin.it

bitcoincharts.com

btcglobal.net

blockchain.info



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