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BTC Map Monthly Recap - July 2024
August 13, 2024  |  BTC Map  ·  Projects

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I didn’t post for a while due to an unexpected trip to Russia, but now I’m back in Phuket and here are my thoughts on BTC Map progress in July.

Events + Areas

There are a few important events which can happen to a BTC Map merchant, namely:

  • Creation
  • Edit
  • Boost
  • Deletion

That’s the basic lifecycle of any merchant. Unfortunately, it wasn’t possible to associate a specific event with a specific BTC Map area, which limited our analytics. I was busy with removing this limitation during the last couple of weeks, and now we can easily rank different areas such as countries and communities by the number of important events. I think it’s the best way to find trending areas for a specific time period.

So, let’s use this new capability to see what was trending in July:

  1. Italy 173
  2. Brazil 73
  3. Czechia 69
  4. Germany 65
  5. Austria 57
  6. United Kingdom 51
  7. Japan 46
  8. Netherlands 36
  9. Georgia 34
  10. United States of America 34

It’s nice to see some good progress in Italy, and Brazil is still one of the most active countries on BTC Map. Most edits in Austria were authored by descubrebitcoin, and they seem to be ATMs. There is also a notable re-verification effort by Bitcoinshire in the United Kingdom.

Most of the new places in Japan belong to COCOROTUS FOODTRUCK and I have no idea what it actually is, but they mentioned us on their website. Georgia is still exceptionally well-maintained, thanks to empty_child, and United States is slowly picking up steam, which is long overdue.

Big thanks to Rockedf for contributing to almost every region!

  1. Satoshi Spritz 176
  2. Einundzwanzig Deutschland 64
  3. Bitcoin Austria 57
  4. Tokyo Citadel 45
  5. Bitcoin Association Switzerland 33
  6. Einundzwanzig Schweiz 33
  7. Dezentralschweiz 33
  8. Porto Alegre Bitcoin 31
  9. Einundzwanzig Portugal 30
  10. Bitcoin Bulgaria 23

Global Metrics

The number of verified merchants has dropped from 7,188 to 6,918 (-3.7%), which means that we need more contributors if we want all the regions to stay up-to-date. We’re talking about ~300 additional verifications a month, which can be done even by a single dedicated contributor.

The total number of merchants has increased from 11,215 to 11,521 (+2.8%), which is in line with our long-term trend. The stream of new merchants has no signs of tapering, we’re just struggling to maintain the old ones in certain regions.

The average number of days since the last verification has increased from 288 to 308 (+7%), which means that our data is now significantly less reliable than it was a month ago. This is yet another confirmation that our main bottleneck is the lack of local maintainers.

Conclusion

We were able to improve our analytics, and we have a better understanding of the current trends on BTC Map. While the total number of Bitcoin-accepting merchants keeps growing at a consistent pace, we’re struggling with re-verification of our existing merchants, which is supposed to be done at least once a year.

The best way to help us is to re-verify some outdated locations in your area, if you have any:

https://btcmap.org/map?outdated