2011
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2011
| Bitcoin year | 3 |
| First block | 100410 |
| Blocks solved | 59,626 |
| Initial supply | 5,020,450 BTC |
| Bitcoins mined | 2,981,300 BTC |
| Difficulty | 14,484 — 1,159,929 |
| Opening price | $0.30 USD |
| Highest price | $31.91 USD |
| Lowest price | $0.29 USD |
| Closing price | $4.70 USD |
| Market cap |  $23.6 million USD |
| Block value | $235.00 USD |
| Block reward | 50 BTC |
2011 was the third year since the launch of Bitcoin. Dollar parity was achieved as Satoshi Nakamoto departed.
Events
January
- 02 – Luke Dashjr standardizes Tonal Bitcoin.
- 08 – Bitcoin Pooled Mining reaches 10 Ghash/s.
- 28 – Block 105000 is mined, meaning the supply of bitcoins reaches 25% of its target.
February
- 09 – Bitcoin achieves dollar parity. 1 bitcoin trades for 1 US dollar on Mt. Gox.[1]
- 10 – News of dollar parity attracts significant attention; bitcoin.org struggles to handle the traffic.[2]
- 14 – For the first time, a vehicle is offered for a sum of bitcoins. It was a 1984 Celica Supra for 3000 BTC.[3] A buyer was never found.
March
- 01 – Jed McCaleb sells Mt. Gox to Mark Karpelès.
- 06 – The network hashrate briefly doubles.[4]
- 18 – BTC/USD exchange rate reaches a 6-week low point at almost $0.70/BTC, after what appeared to be a short burst of possibly automated sales at progressively lower prices. The price had been declining since dollar parity.
- 22 – WeUseCoins publishes What is Bitcoin?, which became a viral hit.
- 25 – Difficulty decreases for the second time ever.
- 27 – Britcoin is established, opening the first Bitcoin exchange for the Pound Sterling.
- 31 – Bitcoin Brazil is established, opening the first Bitcoin exchange for the Brazilian real.
April
- 05 – Bitmarket.eu is established, opening the first Bitcoin exchange for the Polish złoty.
- 12 – The first Bitcoin put option contract is sold on Bitcoin-OTC.
- 16 – TIME publishes an article on Bitcoin.
- 23 – The exchange rate reaches parity with the Euro and Pound Sterling.
- 27 – VirWoX is established, opening the first Bitcoin exchange for the Linden dollar.
- 30 – Difficulty tops 100,000.
June
- 02 – The Mt. Gox exchange rate reaches an all-time high of $10.
- 08 – The 2011 bubble tops at over $30, and pops in the following week.
- 13 – allinvain reports the theft of 25,000 BTC, worth $375,000.
- 19 – Mt. Gox is compromised.[clarification needed]
- 24 – Difficulty tops 1,000,000.
References
- ↑ Online-Only Currency BitCoin Reaches Dollar Parity
- ↑ BitcoinTalk thread 3444. HUGE spike in Google trends 2011-02-13.
- ↑ BitcoinTalk thread 3485. Car for Sale - Australia 2011-02-14.
- ↑ [1]
