Bitcoin Forum
December 09, 2016, 02:18:03 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Oldest redeemed bitcoin?  (Read 1649 times)
grondilu
Legendary
*
Offline Offline

Activity: 1134


View Profile
March 01, 2011, 08:58:19 PM
 #1

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.
1481249883
Hero Member
*
Offline Offline

Posts: 1481249883

View Profile Personal Message (Offline)

Ignore
1481249883
Reply with quote  #2

1481249883
Report to moderator
1481249883
Hero Member
*
Offline Offline

Posts: 1481249883

View Profile Personal Message (Offline)

Ignore
1481249883
Reply with quote  #2

1481249883
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481249883
Hero Member
*
Offline Offline

Posts: 1481249883

View Profile Personal Message (Offline)

Ignore
1481249883
Reply with quote  #2

1481249883
Report to moderator
1481249883
Hero Member
*
Offline Offline

Posts: 1481249883

View Profile Personal Message (Offline)

Ignore
1481249883
Reply with quote  #2

1481249883
Report to moderator
theymos
Administrator
Legendary
*
Offline Offline

Activity: 2506


View Profile
March 01, 2011, 09:43:09 PM
 #2

The transaction in 170 was from Satoshi to Hal. Satoshi must have done all his testing beforehand.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
NegativeOne
Newbie
*
Offline Offline

Activity: 12


View Profile WWW
March 02, 2011, 10:57:39 AM
 #3

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> Smiley
myrkul
Hero Member
*****
Offline Offline

Activity: 532


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
March 02, 2011, 12:37:27 PM
 #4

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. Wink

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
dsg
Jr. Member
*
Offline Offline

Activity: 37


View Profile
March 02, 2011, 12:48:08 PM
 #5

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. Wink

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. Smiley
opticbit
Hero Member
*****
Offline Offline

Activity: 677


PGP: 6EBEBCE1E0507C38


View Profile WWW
March 02, 2011, 11:51:41 PM
 #6

is or will there be an increased value to the older bitcoins, will there be BitCoin Collectors?  Or collectors of interesting bitcoin strings...

Set up the same thing..
http://bit.ly/btcrefs
Get more bitcoins.
BitterTea
Sr. Member
****
Offline Offline

Activity: 294



View Profile
March 02, 2011, 11:54:56 PM
 #7

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!
TiagoTiago
Hero Member
*****
Offline Offline

Activity: 616


Firstbits.com/1fg4i                :Ƀ


View Profile
March 03, 2011, 08:32:04 PM
 #8

Depenending how much of his bitcoins he spent, Satoshi's probably filthy rich by now....

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
ribuck
Donator
Legendary
*
Offline Offline

Activity: 826


View Profile
March 03, 2011, 08:37:55 PM
 #9

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.
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
March 03, 2011, 08:41:03 PM
 #10

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.

Hal
VIP
Sr. Member
*
Offline Offline

Activity: 314



View Profile
March 04, 2011, 12:53:10 AM
 #11

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.

Hal Finney
TiagoTiago
Hero Member
*****
Offline Offline

Activity: 616


Firstbits.com/1fg4i                :Ƀ


View Profile
March 05, 2011, 05:41:25 AM
 #12

Back then wasn't the payout for CPU mining even better than what most people doing GPU mining are getting nowadays?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
lachesis
Full Member
***
Offline Offline

Activity: 210


View Profile
March 06, 2011, 05:35:12 AM
 #13

Yeah, waaay better. I joined when the difficulty was around 20 and I made 2 blocks a day on my CPU.

Bitcoin Calculator | Scallion | GPG Key | WoT Rating | 1QGacAtYA7E8V3BAiM7sgvLg7PZHk5WnYc
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!