There are chances as an originator and a pioneer that Satoshi Nakamoto did some major mining and either the level of suffistication in mining, the anonymous pioneer must have acquired a lot. Though, how many might turn out to be a question that would tag along with his anonymous existence becuase, there would be no point.
Owning a bitcoin farm is possible anywhere, you just have to have what it takes as per finance to purchase mining devices and pay for electricity. Another thing is, how willing would government of the nation be ready to allow you run a minig farm. Having all those in check and you might be good to go.
Topic: HOW MANY BITCOIN DID SATOSHI NAKAMOTO GATHERED ? (Read 231 times)
As a follow up to that idea - why wouldnt it make sense to use the vast and sunny desert in north Africa to put up solar panels and use the electricity generated from that to mine bitcoin?
The challenge is cooling. ASICs produce a lot of heat and they need to operate in a low temperature so they are constantly cooled. If you are in an environment that naturally has a higher temperature you need to spend more on cooling so the cost increases.With that said, many years ago I heard someone on reddit claim (without proof) that he was running a mining farm in the middle of desert using the sun to both provide the electricity for mining and for cooling.
Aah, gotcha, thank you for the answer. It makes a lot of sense that cooling would be an issue there.
Bitcoin become more popular due to anonymity and volatility. When creating which Bitcoin address we don't know until we revealed it. Still, Satoshi is anonymous and didn't reveal his identity, so we can't expect how many addresses are controlled by him and don't know how much is the holding. Whatever address data we found over the internet is just an idea. Not enough evidence-backed all of Satoshi's addresses.
As a follow up to that idea - why wouldnt it make sense to use the vast and sunny desert in north Africa to put up solar panels and use the electricity generated from that to mine bitcoin?
The challenge is cooling. ASICs produce a lot of heat and they need to operate in a low temperature so they are constantly cooled. If you are in an environment that naturally has a higher temperature you need to spend more on cooling so the cost increases.With that said, many years ago I heard someone on reddit claim (without proof) that he was running a mining farm in the middle of desert using the sun to both provide the electricity for mining and for cooling.
A joke, in a desert ?
Producing such amount of heat, cooling system will set the balance,but then ion think they have plans for that already.
Thanks for your insight an thoughts.
33 btc. Just kidding, I have no idea, nor does anyone else. But, for the sake of the argument, from what I have been able to learn over the years, it never seemed like whoever was/were Satoshi, were in it to mine as much of crypto as possible and get rich from it. If anything, it seemed like a passion project, and he/they probably didn't worry about aspects of mining or accumulating BTC. They wanted to make the machine work, not to work for the machine.
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Is only Satoshi that known the amount and how many Bitcoin with him, is like in the forum no body knows any person that have up to 1bitcoin or 2bitcoin except the person tell you the amount is in his hands, Satoshi will have many Bitcoin but is not what that can be open to every body even possible the wife may not know amount of bitcoin in his position Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Again the same question, as if it matters how many BTC Satoshi or some random member of the forum has. Satoshi had to mine at first because he had no other choice, but when enough people got involved in the project he decided to stop that activity.
About Satoshi's Bitcoin; I'm just a curious mind,still wondering why he's decided to go anonymous.
Because he wanted Bitcoin to be decentralized in the true sense, is it so hard to understand? In addition, history tells us that some of his associates began to complain that he made all the decisions, so he fulfilled their wish.
If you are interested in history, learn to use search engines - read for a start : https://bitcoinmagazine.com/technical/what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
no one knows but of course its massive. And on your country if you want to mine bitcoin make sure you have enough electricity for it or should i say your country has a good electricity because if its not a good idea if it's not and it's a waste of money because hardwares are so expensive just imagine if you provide stuff for mining and you can't use it. Lol Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Approximately 1 Million BTC
As a follow up to that idea - why wouldnt it make sense to use the vast and sunny desert in north Africa to put up solar panels and use the electricity generated from that to mine bitcoin?
The challenge is cooling. ASICs produce a lot of heat and they need to operate in a low temperature so they are constantly cooled. If you are in an environment that naturally has a higher temperature you need to spend more on cooling so the cost increases.With that said, many years ago I heard someone on reddit claim (without proof) that he was running a mining farm in the middle of desert using the sun to both provide the electricity for mining and for cooling.
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
As others have said, no one really knows how many Bitcoin Satoshi's owned.
Bitcoin can be generated anywhere, but the problem is that bitcoin mining takes a lot of electricity and infrastructure that I doubt that Africa is abundant specially electricity, so technically the answer is yes, but theoretically, it doesn't make any sense.
As a follow up to that idea - why wouldnt it make sense to use the vast and sunny desert in north Africa to put up solar panels and use the electricity generated from that to mine bitcoin?
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
As others have said, no one really knows how many Bitcoin Satoshi's owned.
Bitcoin can be generated anywhere, but the problem is that bitcoin mining takes a lot of electricity and infrastructure that I doubt that Africa is abundant specially electricity, so technically the answer is yes, but theoretically, it doesn't make any sense.
Nobody knows the exact number and what we read are all guess about who is real Satoshi Nakamoto and estimation of total Bitcoins mined by Satoshi Nakamoto
How many Bitcoin does its inventor Satoshi Nakamoto still own?. This article mentioned about Patoshi pattern which is not new because it was discussed many years ago.
The Mystery in Patoshi Timestamps (that touched me to the depths of my soul).
How many Bitcoin does its inventor Satoshi Nakamoto still own?. This article mentioned about Patoshi pattern which is not new because it was discussed many years ago.
The Mystery in Patoshi Timestamps (that touched me to the depths of my soul).
It'll take a years until that can be achieved in an African country then....since it has to do with electricity.
The basic amenities haven't been provided yet, I be thinking about a mining farm!!
About Satoshi's Bitcoin; I'm just a curious mind,still wondering why he's decided to go anonymous.
Was the government chasing him ? Since he created a valuable asset that gives power and freedom to over once money....they must have been mad,guess they didn't see that coming, they must have stopped him from the scratch,they just want to be head of it all.
What does this have to do with Satoshi's coins though?
[/quote]
They're not interwoven. I simply wanted to know, so I attached it below.
[moderator's note: consecutive posts merged]
The basic amenities haven't been provided yet, I be thinking about a mining farm!!
About Satoshi's Bitcoin; I'm just a curious mind,still wondering why he's decided to go anonymous.
Was the government chasing him ? Since he created a valuable asset that gives power and freedom to over once money....they must have been mad,guess they didn't see that coming, they must have stopped him from the scratch,they just want to be head of it all.
What does this have to do with Satoshi's coins though?
[/quote]
They're not interwoven. I simply wanted to know, so I attached it below.
[moderator's note: consecutive posts merged]
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Do you think he's got the highest Bitcoin ?
Nobody knows.Do you think he's got the highest Bitcoin ?
Quote
Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Do you mean a "mining farm"?As long as I know there is no laws against bitcoin or bitcoin mining in Africa (you may need to check it with local authorities) so as long as one can have access to cheap electricity and import ASICs they can build a mining farm easily and mine bitcoin.
What does this have to do with Satoshi's coins though?
Since Satoshi from the very beginning mined bitcoin, what's the total number of his bitcoin gathered ?
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Do you think he's got the highest Bitcoin ? Can Bitcoin farm be generated in Africa ? If yes why? If no why ?!
Jump to: