Bitcoin Forum

Where does bitcoin came from? How it's made and how does it expand/grow? Thank you for any answers.

base on my searching on the internet bitcoins are created in a process called mining, where a computer repeatedly works through a series of calculations that are designed to be difficult to solve, but to lead to a specific answer.

Bitcoins are created from a process called bitcoin mining Mining is the process of adding transaction records to blockchian, a public ledger.

Bitcoin is 'created' by a person or group of people with the name 'Satoshi Nakamoto'. Does anyone really know who he is? Although there are many articles and investigations to find out the truth about who he is, there is no strong evidence to date. Is it important? Not at all. Satoshi designed the entire Bitcoin system with an 'open manner' attitude - meaning it is available for viewing and reviewing by everyone, so there are no hidden secrets and no influence from the creator. As time went by, many people began to work on these codes so that they were very different from Satoshi's initial draft. It is important to remember that there is a misconception about Satoshi mentioning that Satoshi created Bitcoin alone. Like other major breakthroughs in science, Satoshi's creation was built by the hands of many people. In recent decades, many leading experts, technicians, and mathematicians have been involved in research on cryptography, systems, and more. Satoshi succeeded in summarizing all these work into a coherent and clear plan and then implementing the plan. If you read Satoshi Whitepaper, you will read references from all the discoveries that drive his success in the creation.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

This video helped me understand where does bitcoin come from when I was a newb, you should watch it: https://www.youtube.com/watch?v=GmOzih6I1zs

This is very informative, Thanks. 

There's a set limit of 21 million Bitcoin to be created. Currently, we are sitting at 16 million blocks. Originally, 50 Bitcoin as created every 10 minutes by miners who created "blocks". These blocks verified Bitcoin transactions. Four years later, the reward was reduced to 25 btc. Now, in 2017, the reward is 12.5 btc. It will continue to go down until we hit 21 million coins.

Actually, I'm so much curious about bitcoin came from? How it is started? Who is introduce this in market?

That was very informative. I always encounter the term "mining/miner of BTC", but how exactly are they mining BTC? Thanks.

which I know bitcoin is created by Japanese people so the possibility of origin bitcoin from japan, bitcoin in want from mining and through blockchain (that's what i know).

I heard that there was a research paper written on digital currency and blockchain. So satoshi nakomoto implemented this research paper and created bitcoin. It was created in 2011 and have seen many faces of development. It is open source code and anybody can improve it if other accept it. Now new bitcoin are created as transaction fee for those people who mine bitcoin with usage of high sped processor and electricity. In other words bitcoin is not created free instead it cost money to create a bitcoin.

As far i know bitcoin was created by a japanese who is satoshi.i dnt knw anything else.i should have learn about it.

this is good answer, with many miners, we stock bitcoin still available at market hold.
this is good answer, with many miners, we stock bitcoin still available at market hold.

bitcoin came from one of the it specialist who called named bitcoin as anonymous

What will happen if we reach 21M BTC? Will the value go down?

The story behind The Origin of Bitcoin is quite Intresting and mysterious the origin is said to be done by Some Satoshi Nakamoto But his Identity is Still remains a Mystery. He Introduce Bitcoin by publishing a letter and there is how the whole world of Bitcoin Starts From a Script.

Bitcoin was created by Satoshi Nakamoto and there is no proof whether this name belongs to a person or a group of people. Many people claim that Satoshi Nakamoto has died. He is the father of bitcoin and also the blockchain technology. In the beginning, people tended to use bitcoin in the deepweb. HAckers, criminals use bitcoin to buy many things such as drug, human, illegal stuff on the darknet. Then, people figure out how important and amazing bitcoin is and they started buying bitcoin as an online investment. Bitcoin is newly created by the activity called mining. Only when you have gadgets can you mine bitcoin.

Bitcoin came from an idea of a person called Satoshi Nakamoto where he is so sick and done of the fiat or the financial system since then so he do a lot of research and studies about creating a great concept of type of money and that is when bitcoin born. Bitcoin is created in 2008 and launched in 2009 and right now it is slowly revolutionizing the world because of its beautiful concept.

Bitcoin created in the beginning of 2009 by a person or a group of people called "Satoshi Nakamoto", No one know him/them. So the bitcoin core build, In this time many people think that bitcoin is just a scam project, and never interssed in it, but there is some people invest on it too much and believe that it will may succeed in the future, and by now, they are billionaires.

Bitcoin was created in 2009 by Satoshi Nakamoto. The early presence of Bitcoin is also characterized by the first 50 Bitcoins in the world produced through the system, later known as "Genesis Block".

What exactly is the concept of bitcoin? can you explain it the the simplest way? Thanks.

Bitcoin is created by so called "satoshi nakamoto" but no one knows if it is just a name of a single group or just a person.Even though there are many articles and inveatigationa to know the truth about satoshi us, there are still no concrete evedence to date. But it is not important who create bitcoin because it is designed to be viewed and reviewed by anyone without the influence of the creator, meaning it is independent. As time pass by many people such as mathemathecians, prigrammers and developers continue to improve criptography and arrives on what we are being benifited today.
 

According to my research Bitcoin was created by unknown person or group under the name Satoshi Nakamoto.

Bitcoin was created by a person (or group of people) who did not want to reveal their identity, nicknamed Satoshi Nakamoto. So far, there have been many speculations about Satoshi, but the guesswork is still speculation, and we still do not know who Satoshi really is because all the people who are "suspected" refuse to be. myself.

I think this is coming from japan the one who first founder of bitcoin is a certain "Satoshi Nakamoto" if i'm not mistaken, then followed by the other founder which will continuously support and provide BITCOIN until now, and now Bitcoin is famous in America, Europe and Asia, but here in the Philippines is not so popular and i hope someday Bitcoin is a primary use for all Philipino's to become less poverty.  

Bitcoin come from a technology that is known as blockchain. It is an online algorithm where mining happens. You can assume it as a mathematical problems with gradual increase in difficulty. Once you got an answer right, we call it blocks. Once a block is discovered, the algorithm moves to higher difficulty and it required even better power to solve the problem. The process is known as mining. Instead of human brain, the computing power is used for mining and to discover the blocks.

Now the difficulty of that algorithm is so high, it can't be solved by a normal computing power. You will need expensive rigs and a lot of mining power which make mining exclusive to a certain community. While only a minor percentage of people is mining, a whole lot more people is looking to earn in bitcoins which creates a robust demand where the supply is low compared to the demand. So people are willing to pay higher price for bitcoin which increases its price. So that is an overview of bitcoin as per my understanding and I hope it will help you understand the basics.

Bitcoin uses a database that is distributed and spread to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions.

There are some really good videos documenting bitcoin and it's growth. Pretty much everyone on this thread have provided most the information on how it started and how it works.

When a miner cracks an algorithm to record a block of transactions to a public ledger called a blockchain. When the “block” is added to a “blockchain” new Bitcoins are created.

for the answers you need all in the bitcointalk forum to explain in detail many of the time I need to answer your question with bitcoin is the digital currency for more obviously read more reviews in bitcointalk

as i know that bitcoin created by satoshi nakamoto, they found "bitcoin" at the first time and develop that coin until know, so its make The smallest unit in bitcoin called satoshi, because it taken by the founder satoshi nakamoto

Miners are awarded newly "minted" bitcoin for verifying transactions. Approximately every 4 years, there is a halving where the rewards the miners receive for these verifications are reduced by half.

there is no valid information about where the bitcoin is coming from. What is clear from some information from the bitcoin forums is made by a group of people who named them as Satoshi Nakamoto.
bitcoin is growing rapidly because of its innovation in managing its assets, and most importantly its security is very high. In addition the bitcoin runs by itself without anyone being able to control the center. This is why bitcoin is growing very rapidly.

After invention Satoshi expects the bitcoin to be mined only using the GPU cards and PC only but now bitcoin mining expands using the application system integrated circuits(ASIC) miners. Each coins will be mined using the blocks and network pools segregated to concern pools. Ant pool large space to mine the nerwork pools.

In a conventional financial system, new money is created by a central bank, such as the Federal Reserve. But the Bitcoin network doesn't have a central bank. So the system needed an alternative mechanism for introducing currency into circulation.

Then towards mining blocks it became difficult in getting a block that is why they needed ASIC chip miners or ant miner that can solve blocks really fast, then there are many sites that circulates satoshi's like faucets earning bitcoin by clicking or solving captcha, then altcoins were introduce that involve trading with other altcoins with these many earning and acuiring bitcoin many investors and user are buying bitcoin that is why the demands right now is so great with only just 20 millions block left to mine. That is why the price fluctuates more eagerly up.

Of course it is. Bitcoin comes from mining difficulty is a mini game to distribute coins evenly.

bitcoin was created by a groupand it’s unknown until now but many sites have explained that bitcoin was created by Satoshi Nakamoto and many still don’t know whether Satoshi Nakamoto created bitcoin alone or with his group, but should be grateful for now because of the existence of bitcoin many people are financially helped to be better.

Bitcoin came from a cryptographer mailing list where one person, or group, released a technical paper that proposed a peer-to-peer electronic cash system based on cryptographic proof.

I would like to add that after every "block" the reward of miners is getting cutted by 50% and it's logically, cause of if they would still get so much bitcoins they would be super rich people in the world right now  :D

For me bitcoins come from the mining process. Bitcoins are basically just numbers and the process of mining is the process of generating numbers.

The miners have nothing to lose. As the amount of mined coins dropping price of bitcoin grows and therefore the income remains in the same range. When the miners say that it is not profitable to mine bitcoins I don't trust them. Nobody's going to dig coins if it is not profitable. As far as I know there is no shortage of miners.

According to my research on Bitcoins i have found that bitcoins were made by Satoshi Nakamoto who may be a person or a group of people as there is not a single proof  for the Identity. The Bitcoins are produced through a process known as Bitcoin Mining in which transactions are verified and added to the public ledger and solving a computationally difficult puzzle which gives a single solution through which Bitcoins are generated.

There was 21 million bitcoin created by an uknown guy with the alias Satoshi Nakamoto. Currently, we are sitting at 16 million blocks. Originally, 50 Bitcoin as created every 10 minutes by miners who created "blocks". These blocks verified Bitcoin transactions. Four years later, the reward was reduced to 25 btc. Now, in 2017, the reward is 12.5 btc. It will continue to go down until we hit 21 million coins.

BTCBTCBTC First I have to say I dont know where BTC came from, But I liked to post a reply on this thread. Human invented BTC, Human modified BTC, Human altered BTC price, So oneday Human will destroy BTC!!!

Bitcoin was created by 'Satoshi Nakamoto' in 2009. It was also made for mining process. According to the internet, Satoshi Nakamoto is the creator of bitcoin but it still no proof or evidences and still being mystery. Nakamoto implemented the bitcoin software as open source code.

Although bitcoin has long been known. But I still do not know where the bitcoin is coming from. I do not care about this either. I only know bitcoin has given me a lot of money ;D ;D

On 18 August 2008, the domain name bitcoin.org was registered. In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open source code and released it in January 2009. The identity of Nakamoto remains unknown, though many have claimed to know it.

Good question ??? But some people don't know.It is said that a person named satoshi nakamoto created bitcoin.He is said to be from japan.But he has hidden his identity.He created it in november 2008.

I think bitcoin was created by the illuminati. Satoshi nakamoto was actually one of the forefathers of the rothchilds family, so they named the "creator" after him in honor of this mr satoshi guy.  Ive also heard there has been a power struggle within this secret sociey, and now the group is dismantled. Some high ranking members ended up keeping most of the banks in the world, some of them was murder.  One clever little bunch stole  1 of 2 bitcoin printing machine and immigrated to china and started a company with this one bitcoin printing machine.  Heard they are getting back o  their feet now, making a decent living.. the 2nd bitcoin printing machine was spotted somewhere in Georgia, no one know much details atm.
Thats the recent news on  the streets. Anybody else can chime in, would be appreciated.

Thank you for this question and thank you for this very informative answer. I heard about bitcoin mining before. But the above answer gives me more idea about bitcoin history.

A person who called himself the symbolic name Satoshi Nakamoto introduced the idea for the first time in a research paper in 2008, describing it as an electronic monetary system that relies on the principle of peer to peer . The process of issuing bitcoin and following their conversions is linked to another process called mining .

Bitcoin was made by the man name satoshi nakamoto back in 2008 and he introduce in public in 2009. Bitcoin was form in software that they called it mining the computer was calculating add and subtruct and the answer is is bitcoin it only starts at the price of 0.01$ each bitcoin and now the price of bitcoin is too high and still goes up

that's when we got to know bitcoin, but if I know about this forum from my friend who has been following bitcointalk long enough. so can teach it to me too. little by little he taught it, and I can understand.

Bitcoin is really a fantastic system that was first started by a group of people.Here a nice system is working on exchanges of various currencies.

if I personally come from bitcoin and know bitcoin from my friends ... and I learn a lot from friends and now I understand bitcoin that's what ... and now I can work while playing bitcoin at work at home can do bitcoin. ..

Santoshi made a process called mining, it means whenever someone translate any balance in Bitcoin it gets stored into a network block which was Mind by the miners using that computer hash power. In this way the network transactions get verified and the minus will get a block reward for every network block they have mind (currently the block reward is 12 Bitcoin).

Its a worldwide cryptocurrency with digital payment system. I heard its created in 2009 and the creator name was Satoshi Nakamoto who belongs to japan. Nobody's know where this guy is maybe he is hidden somewhere. 
Its a reward gaining  with the help of mining. Most of people exchange it with each other currencies and trade it with altcoins.

Based on some articles and sites that ive been researched it is from a man named Satoshi Nakamoto who invented the alternative kind of cash or digital cash called bitcoin. You can reproduce it by mining it and you can also buy it on a trading sites.

Bitcoin was created by an individual named satoshi.He created bitcoins to make people send their money individually P2P without the help of banks.Actually,satoshi designed bitcoin tto have a total of 21 million coins only.A operation named mining is carried out in which complex mathematical problems are solved using ASIC miners.For every block mined,a bitcoin is given as a reward to miners.

Bitcoin comes from a process called mining of Bitcoin. Bitcoin is a virtual currency and is created in such a way so that a limited number of Bitcoin can only be mined, so that its value increase with increase in user base. Also, bitcoin occurs when miner passes or approves an transaction and as a reward they are given Bitcoin. As simple is the use of Bitcoin, the more complex is its internal functioning and process. But all these things can be easily found in Satoshi's whitepaper for proper understanding.

Bitcoin comes from code, essentially. It is a code that makes sure only 21,000,000 Bitcoin (BTC) will ever be created. This underlying technology is called the Blockchain. The Blockchain is like a sidewalk. Imagine walking down the sidewalk OK? Each block is like the Blockchain, and each coin has it's own blockchain, if that makes any sense. :P

Bitcoin is a series of mathematical problem that ready to be solve by the use of mining and by the help of graphic cards of computers. Visualization of bitcoin it so hard to figure out what is the exact image of bitcoin but in my head its like a cube a huge cube.

Well for your kind information the bitcoin was first sent by the Indian engineer satoshi so it was invented in the 2009 so I hope as the site and the forum is increase in the width the bitcoin is increasing in the price and the value, this is the way it is very famous now all around the world and it will increase more and more with the time for sure so good luck for the bitcoin.

From all the information brought by these fellow users, Bitcoins come from a code created by a man called Satoshi, and are generated by a process called mining.

Bitcoins are created during a process that's called bitcoin mining which is basically adding transactions to blockchain. It's simple as that, bitcoins that are created are then hold by the miner until they are sold.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin.

Mining only unlocks new btc. The system was designed by satoshi through a series of codings

Bitcoin was actually created by satoshi nakomoto and he created it as a currency which could be used to send money P2P without the help of banks as intermediary.It was set that there should be only 21 million coins to be available.New bitcoins were generated by a process called mining which is solving mathematical algorithms to enable bitcoin transactions to get confirmed.Till now,16.5 million coins have come in to circulation and only 4.5 million coins yet to be mined.

There is a documentary which was made on 2013 and there most of the aspects of btc are explained, I don`t remember the name of it but you probably would see it with a little search.

I do not know where it came from but I remember only a few. and it's just what I remember. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.