diff --git a/net-p2p/bitcoin-daemon/Makefile b/net-p2p/bitcoin-daemon/Makefile
index 151d31e09ef5..15fc32728a79 100644
--- a/net-p2p/bitcoin-daemon/Makefile
+++ b/net-p2p/bitcoin-daemon/Makefile
@@ -1,7 +1,6 @@
 # $FreeBSD$
 
 MASTERDIR=	${.CURDIR}/../bitcoin
-PORTREVISION=	3
 PKGNAMESUFFIX=	-daemon
 
 COMMENT=	Virtual Peer-to-Peer Currency (Daemon)
diff --git a/net-p2p/bitcoin/Makefile b/net-p2p/bitcoin/Makefile
index 420ace61d28e..c8f8a8976c75 100644
--- a/net-p2p/bitcoin/Makefile
+++ b/net-p2p/bitcoin/Makefile
@@ -2,14 +2,10 @@
 # $FreeBSD$
 
 PORTNAME=	bitcoin
-PORTVERSION=	0.15.1
+PORTVERSION=	0.16.0
 DISTVERSIONPREFIX=	v
-PORTREVISION?=	3
 CATEGORIES=	net-p2p finance
 
-PATCH_SITES=	https://github.com/${GH_ACCOUNT}/${GH_PROJECT}/commit/
-PATCHFILES=	1ec0c0a01c31.patch:-p1
-
 MAINTAINER=	robbak@robbak.com
 COMMENT?=	Virtual Peer-to-Peer Currency Client (QT)
 
diff --git a/net-p2p/bitcoin/distinfo b/net-p2p/bitcoin/distinfo
index 5a2704a938ae..9ba415c78d81 100644
--- a/net-p2p/bitcoin/distinfo
+++ b/net-p2p/bitcoin/distinfo
@@ -1,5 +1,3 @@
-TIMESTAMP = 1510484103
-SHA256 (bitcoin-bitcoin-v0.15.1_GH0.tar.gz) = 98b3a98a67054123bef6714e4035e18f9250a1b6d63829258ad057906e75d8b1
-SIZE (bitcoin-bitcoin-v0.15.1_GH0.tar.gz) = 7547736
-SHA256 (1ec0c0a01c31.patch) = 01a2fe784d7c3d21d2cfd9dc460c059c7ae358e0f5e9e5e7782f10d259db3cd9
-SIZE (1ec0c0a01c31.patch) = 3535
+TIMESTAMP = 1519439305
+SHA256 (bitcoin-bitcoin-v0.16.0_GH0.tar.gz) = 8ade43e420b6aad00645d79239c21947e47f37d1f974b4948b0da0b6999c28d5
+SIZE (bitcoin-bitcoin-v0.16.0_GH0.tar.gz) = 6627084