2011

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Years: 2009 2010 2011 2012 2013
2011
Bitcoin year3
First block100410
Blocks solved59,626
Initial supply5,020,450 BTC
Bitcoins mined2,981,300 BTC
Difficulty14,484 — 1,159,929
Opening price$0.30 USD
Highest price$31.91 USD
Lowest price$0.29 USD
Closing price$4.70 USD
Market capIncrease.png $23.6 million USD
Block valueIncrease.png $235.00 USD
Block reward50 BTC
2011 was the third year since the launch of Bitcoin. Dollar parity was achieved as Satoshi Nakamoto departed.

Events

January

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

  1. Online-Only Currency BitCoin Reaches Dollar Parity
  2. BitcoinTalk thread 3444. HUGE spike in Google trends 2011-02-13.
  3. BitcoinTalk thread 3485. Car for Sale - Australia 2011-02-14.
  4. [1]