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Satoshi deliberately mined less bitcoins than he could – opinion

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I Mined Bitcoin On My Computer For 1 Week

Satoshi deliberately mined less bitcoins than he could - opinion

Satoshi deliberately mined less bitcoins than he could – opinion
CONTENT

  • Bitcoin’s creator seems to want to leave a mark on the blockchain archives.

  • One of the first bitcoin miners deliberately shut down the farm every five minutes after mining a block.

  • It is still unknown if the mysterious miner is Satoshi himself..

International consortium of news organizations developing transparency standards.

The mysterious developer of the famous cryptocurrency, it seems, did not specifically mine as many assets as possible.

Bitcoin Creator Satoshi Nakamoto In 2009, someone (one person or a group of developers), hiding under the pseudonym Satoshi Nakamoto (Satoshi Nakamoto), revolutionized the digital … More likely deliberately mined fewer bitcoins than he could. Decrypt was the first to report this, citing research by Bitcoin RSK co-founder Sergio Demen Lerner.

According to Lerner, in the early days of bitcoin, Patoshi [pseudonym of one of the first miners between 2009 and 2010 attributed to Satoshi Nakamoto] left his hardware offline every 5 minutes after mining a block.

Satoshi deliberately mined less bitcoins than he could - opinion

Lerner was able to determine the gap between blocks by the average deltas of the block timestamps.

“… it is likely that Patoshi turned off his mining farm for about 5 minutes after mining a block,” Lerner wrote..

One of the reasons for this delay was the need, at first, of a time interval for uninterrupted transmission of blocks to the blockchain network..

It is known that blocks in the blockchain are timestamped and linked to previous blocks. Anyone can get acquainted with the list of transactions, however, to update the data, a special private key is required, known only to the owner of the block.

Altruism of Satoshi

However, there is speculation that Patoshi deliberately stopped Bitcoin mining, which would enable newbies to mine the whole block..

Even if Patoshi is not the creator of bitcoin himself, his altruism is largely similar to the position of a bitcoin developer..

[perfect_survey id = ”8891 ″]

It is believed that, like Patoshi, Satoshi Nakamoto was able to mine from hundreds of thousands to several million bitcoins..

In addition to mining cryptocurrencies, you can also profit from the industry through trading. Of course, the virtual asset market is extremely volatile and unstable, but this does not prevent experienced traders from increasing their capital through this..

You can find out how you can make money on cryptocurrencies in a series of articles that the BeInCrypto editorial team prepared in cooperation with the StormGain exchange.

At the time of this writing, the price of bitcoin BTC / USD is $ 9144 (-0.23%).

Satoshi deliberately mined less bitcoins than he could - opinion

Mystery of the creator

The creator of Bitcoin has remained unknown to the general public for eleven years now. Theories about who may be hiding under the pseudonym of the progenitor of the cryptocurrency industry do not stop to this day..

Earlier, the American sociologist, philosopher and discoverer in the field of information technology Ted Nelson said that the famous Japanese mathematician Shinichi Mochizuki is hiding under the pseudonym Satoshi Nakamoto..

Nelson emphasizes that, like Nakamoto, Mochizuki published a work on the mathematical theory of the “abc hypothesis” on the Internet, although such works are usually advertised in traditional scientific directions..

What do you think? Is the creator of bitcoin really hiding behind Patoshi’s pseudonym? Share your thoughts with us in the comments and join the discussion in our Telegram channel.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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