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Adafruit Bitcoin report #bitcoin #makerbusiness

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We thought it could be interesting to someone out there to share how the orders placed at Adafruit using bitcoin was going. We launched mid November 2013 and the average amount of total bitcoin orders per day was about $1,572.14 USD, with an average order size of $231.20 USD. Peak orders was around 100/day using bitcoin, in the last 30 days it’s about 5 to 10 orders / day using bitcoin and average amount per order being $170.86 USD. Other online stores in the maker world started taking bitcoin too, if you have some coins to spend, head on over to EMSL (Evil Mad Scientist). The coolest part of this experiment for us was an Adafruit community member built a bitcoin miner and then used the coins they mined to buy Adafruit electronics with the mined coins. More bitcoin news here…. Oh, would we add bitcoin now if we didn’t have it, based on what we know now? Sure, the big spend-coin-rush is over, glad we added it when we did!


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1 Comment

  1. As one of the people ordering with bitcoin in the last couple weeks, I really appreciate that you’re taking it! Thanks again! I’ll be sure to continue ordering from you over other electronics sites that don’t accept it.

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