Topic: How much are the BTC users? (Read 1268 times)

This site will not actually tell you how many people use bitcoin, but rather the details of BTC transactions and the network.

I'm a bitcoin user!

It's no use looking at the stats and trying to understand why, it's like looking at my thread and trying to understand why it has over 30,000 views, trust me, it's not worth the headache I think the only way you can genuinely tell if somebody real is on the other side is if you have stats where they're interacting with things for instance, downloads and sales are fairly reliable, sales more so, because that means someone real has put money down for a product etc.

There are too many factors like bots, VPN's, people using different computers, spammers etc. to be able to properly account for what's going on when it comes to view counts and such, registering for example can easily be spoofed by bots.

You can see this news on www.blockchain.info/stats

People that use BTC is so much, and this number is increasing every day

This is true, however I read something on the forums that estimated the number of BTC users to be roughly 6 million

Since many people use multiple wallets, it's hard to know how many users there are.

At best, a very rough estimation can be made.

The total number of users is impossible to know, so the next best thing is to check for total activity. In other words the amount of bitcoin being moved between addresses on a given time interval. But even this has to be corrected a little because some of the transactions may be a single user moving between two of his own wallets.

I think we can assume there are more than two, perhaps, even more than three. 

My point being, we can not identify a precise number, but with the data that exists, we can project a minimal number with some confidence. 1 million is my minimal number, taking in account the 5 million downloads.

Both blockchain.info and coinbase announced some time ago that they have more than 1 million accounts.

But, more important, the most popular bitcoin wallet was already downloaded 5,4 million times.
http://sourceforge.net/projects/bitcoin/files/stats/timeline?dates=2008-11-09+to+2014-05-30

Many people downloaded it several times, other never installed it, but also many bitcoiners never downloaded the wallet and just used online ones.

I would say it's fair to consider that there are at least 1 million bitcoiners, possible as much as 2 million.

 0.001 BTC <= 0.1 BTC                910893
Its saying maybe 900 thousand accounts exist with 0.1 btc in them and so on.

It doesnt really work as so many people dont hold an account on the blockchain.  There are with places like gox for a proxy so we'll never know that easily.

Over a thousand people with 1000 btc, I dont believe that.   That'd be alot of millionaires, I think that is actually businesses and collections of people.    I think forum accounts is more accurate even with dead or fake ones
300k bitcoin users worldwide on a regular basis would be impressive enough

Hey DolanDuck,
I really dont understand this table clearly
BR

How can you say in % how much BTC users have certain amount of coins and how you cannot say how much exactly are the people who have coins. About the forum accounts..there is no way to say how much accounts some people have. I am sure there are a lot of scammers developing a lot of different accounts hoping to scam someone.
BR

Here we go, stats from 20/05 to 30/05:

---------------------------------------------------------------------------------------------------------------------------------------------------
block#  301808  20/05/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 33479095   0.00%   0.00%  92.0257%             103384         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          403556  38.62%   8.88%   1.1093%  13.91%         -3         0.00404  38.62%   8.88%   0.0000%        -0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )    1042846  81.82%  25.95%   2.8665%  35.95%       2053       223.73373  75.90%   8.55%   0.0017%         0.65211
> 0.001 BTC <= 0.1 BTC                884313  71.60%   7.85%   2.4308%  30.48%      -2497     18517.80031  72.47%  11.71%   0.1448%       -45.40620
> 0.1 BTC <= 1 BTC                    301267  70.13%   7.29%   0.8281%  10.38%       -113    138261.65799  75.46%   9.27%   1.0808%       -28.20954
> 1 BTC <= 5 BTC                      127307  68.57%   7.05%   0.3499%   4.39%         85    309653.53188  70.34%   7.45%   2.4206%       207.50965
> 5 BTC <= 10 BTC                      37784  71.90%   6.75%   0.1039%   1.30%        101    291811.52830  73.89%   6.79%   2.2811%       829.27151
> 10 BTC <= 25 BTC                     29152  69.81%   7.27%   0.0801%   1.00%         46    482515.20799  71.12%   7.48%   3.7718%       538.54443
> 25 BTC <= 50 BTC                     52377  92.25%  70.51%   0.1440%   1.81%          8   2391904.43281  93.95%  76.70%  18.6976%       139.45406
> 50 BTC <= 75 BTC                      4906  69.96%  15.00%   0.0135%   0.17%         -3    293047.40777  69.40%  13.61%   2.2908%      -320.56270
> 75 BTC <= 100 BTC                     6978  85.83%   6.10%   0.0192%   0.24%         -7    663805.02895  86.78%   6.12%   5.1890%      -606.08283
> 100 BTC <= 500 BTC                    7882  68.42%   6.62%   0.0217%   0.27%          2   1749492.07996  70.23%   7.53%  13.6759%     -1255.79096
> 500 btc <= 1000 BTC                   1483  75.05%   6.27%   0.0041%   0.05%        -11   1147709.55735  77.10%   6.55%   8.9717%    -10026.02733
> 1000 BTC                              1217  69.43%   7.07%   0.0033%   0.04%          5   5305605.50121  69.75%   4.09%  41.4742%     14991.62764
                  Total Actives      2901068  70.78%  15.52%   7.9743% 100.00%       -334  12792547.47197  76.10%  19.02% 100.0000%      4424.97985
                  Total             36380163   5.64%   1.24% 100.0000%             103050  12792547.47197  76.10%  19.02% 100.0000%      4424.97985
---------------------------------------------------------------------------------------------------------------------------------------------------
block#  303406  30/05/2014               num  %noOut   %dead   %of tot %of act  diff prev           value  %noOut  %vdead   %TotVal       diff prev
---------------------------------------------------------------------------------------------------------------------------------------------------
= 0                                 34305367   0.00%   0.00%  92.0944%              72442         0.00000   0.00%   0.00%   0.0000%         0.00000
= 1 satoshi (0.00000001 BTC)          403075  38.67%   8.89%   1.0821%  13.69%          5         0.00403  38.67%   8.89%   0.0000%         0.00000
> 1 satoshi <= 0.001 BTC  ( ~1$ )    1058873  81.70%  25.55%   2.8426%  35.96%       1989       229.25357  75.77%   8.34%   0.0018%         0.68768
> 0.001 BTC <= 0.1 BTC                910893  71.67%   7.62%   2.4453%  30.93%       1863     19021.85053  72.13%  11.40%   0.1482%        47.85654
> 0.1 BTC <= 1 BTC                    301817  70.07%   7.27%   0.8102%  10.25%        521    138838.28772  75.39%   9.22%   1.0819%       152.48390
> 1 BTC <= 5 BTC                      127572  68.72%   7.03%   0.3425%   4.33%        368    310668.59631  70.50%   7.42%   2.4210%       948.36611
> 5 BTC <= 10 BTC                      37953  71.97%   6.70%   0.1019%   1.29%        108    293411.33572  73.97%   6.74%   2.2865%       844.33569
> 10 BTC <= 25 BTC                     29531  69.94%   7.16%   0.0793%   1.00%        130    489490.87922  71.32%   7.35%   3.8145%      2368.08420
> 25 BTC <= 50 BTC                     52592  92.34%  70.21%   0.1412%   1.79%         -8   2398767.63200  94.01%  76.46%  18.6929%      -802.23555
> 50 BTC <= 75 BTC                      4974  69.38%  14.78%   0.0134%   0.17%          0    297308.79665  68.86%  13.40%   2.3168%       -45.14269
> 75 BTC <= 100 BTC                     7007  85.87%   6.04%   0.0188%   0.24%        -15    666620.75914  86.83%   6.05%   5.1948%     -1309.17180
> 100 BTC <= 500 BTC                    7879  68.22%   6.60%   0.0212%   0.27%         20   1745613.46867  70.08%   7.53%  13.6031%      7352.74682
> 500 btc <= 1000 BTC                   1464  75.82%   6.28%   0.0039%   0.05%        -11   1134157.71602  77.98%   6.58%   8.8382%     -7452.86653
> 1000 BTC                              1215  69.71%   7.08%   0.0033%   0.04%          4   5338368.70376  71.80%   4.07%  41.6004%      2069.84056
                  Total Actives      2944845  70.85%  15.28%   7.9056% 100.00%       4974  12832497.28305  77.02%  18.95% 100.0000%      4174.98493
                  Total             37250212   5.60%   1.21% 100.0000%              77416  12832497.28305  77.02%  18.95% 100.0000%      4174.98493

num      : number of addresses in this range of balance
%noOut   : percentage of active addresses WITHOUT out operations
%dead    : percentage of active addresses with input and output operations prior to 2012
%of tot  : percentage of the TOTAL number addresses
%of act  : percentage of the number of addresses with zero balance (active)
diff prev: number variation compared to the previous table
%noOut   : % value transactions WITHOUT output ( % value of range)
%vdead   : % operations value prev 2012 ( % value of range))
%TotVal  : % value of this range compared to the total value
diff prev: change in value compared to the previous table


Credits to:     gbianchi bitcointalk.org

It's really hard to even guess how big is the community, and how much growth there is. Forum account count is not a good indicator, not even activity. Maybe bitcoin transaction number, but no necessarily.

We don't know the exact users of bitcoin but I saw thread some where how many users In % own 10, 100, 1000 bitcoins and so on I think It was said that 60% of bitcoins are owned just by few 10's people  and all the major amount of users has very little amount of bitcoins but as I said I read that somewhere but don't really remember where so I can't guarantee that It's true statement.

You'll never be able to know how many actual users there are but you can find out how many transactions are taking place etc.

I mean i want to know the exact number of BTC users not the forum members here.
Thanks for the links anyway
BR

I'm a little confused at what you're requesting. The number of people who are using/sending Bitcoin or users signing up/joining this forum community?

You can see some Bitcoin stats here: https://blockchain.info/stats
And there are some forum stats here: https://bitcointalk.org/index.php?action=stats

It's probably not really possible to see how many new users are getting into Bitcoin directly, but you could look at the number of transactions etc.

Hi,
The subject is saying it. I am wandering how much are the BTC users right now and how much new ones are joinning the community daily? Is there a way to say it in strict numbers?
BR