Bitcoin Forum

Where is the wallet containing the bitcoins he/she mined?

the very first bitcoin block goes to this address https://btc.com/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX and the coins isn't moved since then so i assume satoshi owns that address but i just don't know if how many blocks he got on other addresses

Well if we were to assume satoshi owns every address that has coins in it that doesnt move then we could say he mined the first 60k blocks.

https://blockchain.info/block-index/74850

https://blockchain.info/block-index/74851

The very first Bitcoin block is actually this: https://www.blocktrail.com/BTC/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.

But well, the coins can't be moved anyway.

Take note that it is impossible to determine which block satoshi mined since there could be other early adopters.

Bitcoin wasn't premined. One of the first blocks was most likely mined by someone other than satoshi (it was not long before others besides satoshi was finding blocks).

It is possible that there was some amount of time between when satoshi actually found the first block and when he "released" it to the world however at most this could be no more then a few weeks. This is not the kind of premise that is fairly common with many altcoins.

Why cant the coins be "moved"


How would it be possible for someone other than the creator to mine the first block?

Only the 50BTC. The client does not store the transaction's UXTO and when nodes see it, they will consider it as invalid since they cannot reference the input to any unspent output.
I didn't say he didn't mine the first block. He probably mined by himself for a week since he only announced it after creating genesis block and mining for a week.

Thread is in the wrong section anyway.

Where is the address satoshi owns with the 1 million btc?

So you are saying that only the first block mined cant be spent?

and since they created this forum, shouldnt the ANN be here somewhere?

No, lol.

Just lock this thread.

pre-mine means significant amount of coins are generated before the code is released or mining is available to everyone like many altcoins. when bitcoin was released anybody could mine it if they wished to do so. as far as i know from at least second block.

e.g. Gulden has 170 million coins premined. (Ref. (https://bitcointalk.org/index.php?topic=554412.msg6049368#msg6049368))

For me, I don't think we could actually consider it as a premine since satoshi, together with a few folks like Hal Finney were the ones who started building the chain. Also, not a big number of people were aware of the project back then, so mining coins by themselves to continue and test the project isn't really a bad thing.

He probably mined a bit as he was clearly active in the launch.

I think Hal Finey mentioned that he was one of the first "receivers" of bitcoin by transaction.

Why? I am asking questions that I can't find the answer to easily.


When was thus fourm created and launched in reference to bitcoin itself. How was bitcoincreated . How was it announced?

Actually, you only need to look a little deeper. The announcement of the project--not really the project itself, but the whitepaper--was made on November 2008. January 2009 marked the first issuance of bitcoins in which the whole network went operational. I forgot the forum in which the idea for bitcoin was released, but honestly, those questions you asked are easily answered by Google if only you look a bit deeper and change your terms in the search bar.

Uh because signature spam probably.

This first post is this https://bitcointalk.org/index.php?topic=5.0.

The announcement was made over the crypto mailing list http://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html. The whitepaper was given quite a lot earlier: http://www.mail-archive.com/search?l=cryptography@metzdowd.com&q=from:%22Satoshi+Nakamoto%22.

Really, all of this can be found easily on google. Please, just close the thread.

Does anyone know for sure what address satoshi keeps his coins in?

By this assumption satoshi would have 3 742 500 bitcoin (almost 4 millions).
By me its too big assumption, but he could have 1 milion bitcoins. However, it doesn't matter right? If he would move them, bitcoin price would plummet for a year probably.

I dont think that there is an actual address, i think it is if you add up all the suspected satoshi addresses it comes to a million.

He was active in P2P Foundation forum where he had a profile and i believe that he first released about bitcoin in that forum and what i know is that somebody hacked that account in 2014 ,but the thing with multi million dollar wallet that he owned i am not sure i have seen that .what ever said and done i still do think that Craig Steven Wright is the real Satoshi. A simple google search would provide more results than this i guess. :)

if btc have premine,then today 1 btc was 10k$+

are you sure you search for it and didn't find the answer?
https://en.bitcoin.it/wiki/BitcoinTalk#History

https://www.google.com/search?q=when+bitcointalk+was+created

https://www.google.com/search?q=when+bitcoin+was+created
https://en.wikipedia.org/wiki/Bitcoin

https://www.google.com/search?q=bitcoin+history

Yeah.  OP satoshi really didnt need to do a premine, crypto currency wasn't invented then nobody would have known to mine quick and early to make big money.  So satoshi just done a legit early mine and still come out with a large % of total coins.

Oh. Do we know of any big addresses supposedly belonging to him?

Well it is easy to mine before, and take note they are just using a cpu to mine bitcoin. It will just take for Nakamoto a short time a huge number of coins. The difficulty in mining before is very easy and maybe if he is not the only one mining there are only a handful miners that makes mining so fast. Today the difficulty is a million times harder than before and so it is impossible for us to mine like the way they do.

Yeah but the point is there would be no need to trick people because it was a totally new concept anyway.  Nobody knew that bitcoin would be worth anything.  Its like me saying to you an idea to make money and you rushing off and doing that task based on just an idea - you wouldn't bother right.  Stasohi got to mine legit with no premine because we all didn't know how brilliant the idea was, its beautiful.

Yes there are millions of bitcoin in satoshi's known bitcoin addresses but nobody can actually say how much bitcoin satoshi have premined on early days. But it is really high along with other early miners, and none of those bitcoin have ever moved from those bitcoin addresses satoshi own.

The first few versions of the Bitcoin core client had a built in CPU-miner. Most of the early coins that were mined by Satoshi and others were mined using Bitcoin core. The characteristic was that every 50BTC block was mined to a different address (in the same wallet), so there are no big addresses for these early unmoved coins. You just have a bunch of different addresses each holding 50BTC worth of virgin coins.

Based on everything I have read, most people played around with mining as if it was a toy, not something that might become VERY valuable

in the future. So they might even have dumped mined coins into Bitcoin addresses that they have lost. Just put yourself into the mind set of

these early adopters... They were dealing with something that had very little value. { a few cents } ... I guess some of them are kicking

themselves now.  ::) 

This whole forum was an announcement thread of Bitcoin.

And I agree  lock this thread. There is nothing you can add to this discussion.

satoshi didnt hoard all the coins in a single address. each reward went to a separate address.
also people have done analysis on the data and within hours other people where mining alongside satoshi.

the whole 'satoshi is not one man' old debate is due to that analysis wrongly interpretted. satoshi was one person but satoshi didnt work alone. other people helped but none of them shared the 'satoshi' pseudonym.

halfinney, Serius-m, and many more were there in the early days. all under their own pseudonyms.

all of this info can be found using the wiki, google tools

this forum was created 10 months after bitcoin was running. yet many people were talking and bitcoin was open from day 0.. just not here..
stackexchange cypherpunks, sourceforge, mailing lists, IRC were the older communication outlets. this forum didnt even conceive the term "ANN" until the crap coins and pump and dump coins of 2013+

Satoshi mines bitcoin on early days for testing purposes and later on he keep testing mining while other early adopters join with their PCs. Satoshi than seems to left bitcoin mining after there were lots of miners enough to run the bitcoin network without problem.

So we can consider what he mine as test mining not pre mining before launch of coin like most of the alts do these days.

I would not consider Bitcoin a premine. While there were only few earliest adopters, everyone outside was able to join, if he/she wanted. In my opinion the large amount of coins Satoshi presumably mined in the early days are well deserved for the great gift he has given to all of us.

That said it is not even clear, if Satoshi still has access to his alleged wealth. During the foundation times, Bitcoin was more or less considered an experiment, with a single bitcoin worth only fractions of a cent. So there's a significant probability that a huge number of early mined Bitcoin are lost forever due to carelessness of their holders.

I don't see a purpose in knowing where Satoshi's wallet is. He deserves to maintain his privacy more than everyone else here.

ya.ya.yo!

Anyways, whatever satoshi mines cant be considered a premine because someone had to mine the first ones when no one know what bitcoin was.

- end of story.