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Title: Oldest redeemed bitcoin? Post by: grondilu on March 01, 2011, 08:58:19 PM I was looking at the "old" bitcoins: those of blocks 0, 1, 2....
I can't find any of them which has been redeemed. So here are a simple question: what is the oldest non-generation transaction? PS. Ok, found it using a small script: http://blockexplorer.com/b/170 This means that Satoshi has been running his computer during 17 hours before he tried to make a transaction. I guess he was testing the difficulty adjustment. Title: Re: Oldest redeemed bitcoin? Post by: theymos on March 01, 2011, 09:43:09 PM The transaction in 170 was from Satoshi to Hal. Satoshi must have done all his testing beforehand.
Title: Re: Oldest redeemed bitcoin? Post by: NegativeOne on March 02, 2011, 10:57:39 AM I was looking at the "old" bitcoins: those of blocks 0, 1, 2.... I can't find any of them which has been redeemed. So here are a simple question: what is the oldest non-generation transaction? PS. Ok, found it using a small script: http://blockexplorer.com/b/170 This means that Satoshi has been running his computer during 17 hours before he tried to make a transaction. I guess he was testing the difficulty adjustment. You might find this blog interesting: http://bitcoinreport.blogspot.com/2011/01/life-of-bitcoin.html </shameless-plug> :) Title: Re: Oldest redeemed bitcoin? Post by: myrkul on March 02, 2011, 12:37:27 PM This means satoshi probably has (At least, has generated for himself) at least somewhere in the close order of 7,000 bitcoins?
Not a bad payout, though I think he underpaid himself, perhaps. ;) Title: Re: Oldest redeemed bitcoin? Post by: dsg on March 02, 2011, 12:48:08 PM This means satoshi probably has (At least, has generated for himself) at least somewhere in the close order of 7,000 bitcoins? Not a bad payout, though I think he underpaid himself, perhaps. ;) I would be very surprised if he stopped generating after those initial blocks. Why would he? I guess he has a few 100k stashed away. He deserves it for his work. :) Title: Re: Oldest redeemed bitcoin? Post by: opticbit on March 02, 2011, 11:51:41 PM is or will there be an increased value to the older bitcoins, will there be BitCoin Collectors? Or collectors of interesting bitcoin strings...
Title: Re: Oldest redeemed bitcoin? Post by: BitterTea on March 02, 2011, 11:54:56 PM is or will there be an increased value to the older bitcoins, will there be BitCoin Collectors? Or collectors of interesting bitcoin strings... Maybe. Since the market for collectible digital commodities is not centrally planned, nobody knows! Title: Re: Oldest redeemed bitcoin? Post by: TiagoTiago on March 03, 2011, 08:32:04 PM Depenending how much of his bitcoins he spent, Satoshi's probably filthy rich by now....
Title: Re: Oldest redeemed bitcoin? Post by: ribuck on March 03, 2011, 08:37:55 PM Depenending how much of his bitcoins he spent, Satoshi's probably filthy rich by now.... I don't think Satoshi ever posted anything to suggest that he mined with anything other than a CPU.Title: Re: Oldest redeemed bitcoin? Post by: kiba on March 03, 2011, 08:41:03 PM I don't think Satoshi ever posted anything to suggest that he mined with anything other than a CPU. He reasons that there will be a race to the most efficient form of mining and that it will eventually be limited by the cost of electricity. So it doesn't matter if he only think of CPUs. Title: Re: Oldest redeemed bitcoin? Post by: Hal on March 04, 2011, 12:53:10 AM I did some mining the first few weeks of Bitcoin and I got a block or two the first day. I could pay someone with the 50 btc from block 77, if that would have any collector value. Or transfer the private key to them, but I couldn't prove I deleted it.
Title: Re: Oldest redeemed bitcoin? Post by: TiagoTiago on March 05, 2011, 05:41:25 AM Back then wasn't the payout for CPU mining even better than what most people doing GPU mining are getting nowadays?
Title: Re: Oldest redeemed bitcoin? Post by: lachesis on March 06, 2011, 05:35:12 AM Yeah, waaay better. I joined when the difficulty was around 20 and I made 2 blocks a day on my CPU.
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