Topic: Milestone: BitInstant surpasses $1,000,000 in monthly transfers - page 2. (Read 6327 times)
Congrats! And thanks for the info, being transparent like this is great.
Bitcoin offers so few metrics available for trying to estimate its growth level so it is fantastic of you to share this info. Transparency FTW!
Incidentally, there were 210,500 BTC issued to miners in April, 2012. Using the weighted average price for the month (at Mt. Gox) of about $5 that means that there was more money that flowed in through BitInstant ($1.1 million) than all bitcoins mined for the month (210,500 X $5 = $1.05 million) are worth.
Incidentally, there were 210,500 BTC issued to miners in April, 2012. Using the weighted average price for the month (at Mt. Gox) of about $5 that means that there was more money that flowed in through BitInstant ($1.1 million) than all bitcoins mined for the month (210,500 X $5 = $1.05 million) are worth.
Truly impressive. Congratulations.
Additionally, April's figures were achieved regardless of the fact two of our largest revenue sources (Paxum and Tradehill) were removed in March.
Interesting. This shows that Bitcoin fills a void big enough to make working around any hurdles worth it.
Congrats and thank you for sharing it with the rest of us!
Nice work guys, and congratulations!
That's great to hear, Charlie. Congrats!
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Nice!! Congrats! You guys are an asset to the community.
Dear Community,
After finishing our numbers late last night, we discovered that BitInstant exceeded $1.1 million in transfers for the month of April. This includes all our services (cash deposits, inter-exchange transfers, bitcoin-to-email, etc.). For perspective, December was a $250k month, and February was a $500k month. Additionally, April's figures were achieved regardless of the fact two of our largest revenue sources (Paxum and Tradehill) were removed in March.
So while this is exciting for us internally to have reached this milestone, it's also an extremely healthy sign for the Bitcoin economy in general.
Things are growing fast, and we are honored to be a part of it alongside you all.
-Charlie
After finishing our numbers late last night, we discovered that BitInstant exceeded $1.1 million in transfers for the month of April. This includes all our services (cash deposits, inter-exchange transfers, bitcoin-to-email, etc.). For perspective, December was a $250k month, and February was a $500k month. Additionally, April's figures were achieved regardless of the fact two of our largest revenue sources (Paxum and Tradehill) were removed in March.
So while this is exciting for us internally to have reached this milestone, it's also an extremely healthy sign for the Bitcoin economy in general.
Things are growing fast, and we are honored to be a part of it alongside you all.
-Charlie
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