hashrate

2 entries

July 20, 2020 Aftermath

Whale Alert publishes 'The Satoshi Fortune' — independent analysis confirms ~1.125 million BTC

Whale Alert ↔ Satoshi Nakamoto, Sergio Demian Lerner

Blockchain tracking service Whale Alert published an independent analysis confirming Satoshi mined 1,125,150 BTC across 22,503 of the first 54,316 blocks. The report found Satoshi maintained approximately 60% hashrate using ~48 computers, deliberately throttling to protect the network rather than maximize profit.

September 16, 2022 Aftermath

Jameson Lopp analyzes whether Satoshi Nakamoto was a 'greedy' miner

Jameson Lopp ↔ Satoshi Nakamoto, Sergio Demian Lerner

Bitcoin researcher Jameson Lopp demonstrates that Satoshi deliberately throttled mining capacity, earning only ~1.1 million BTC when full-capacity mining could have yielded ~2.19 million BTC. Lopp concludes: 'Anyone who claims that Satoshi was greedy simply hasn't done the math.'