It can not be compared
Why do u think that it cant be compared ? Even if the Winklevoss are a bit lower than Satoshi, I think they'll be close.
Topic: Satoshi's Worth and others in comparison (Read 1153 times)
Why do u think that it cant be compared ? Even if the Winklevoss are a bit lower than Satoshi, I think they'll be close.
It can not be compared
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
from 2009 to 2011 there were 5million coins mined, from january 2009 satoshi and other programmers (a small group) were all playing around with mining and making the first few versions of the bitcoinD
SATOSHI DID NOT OWN ALL MINED COINS OF 2009 as others were mining it too
2010 it started expanding where a few hundred to a couple thousand people were mining, meaning satoshis slice of the pie was getting smaller
in 2011 CPU farms and then GPU started growing, meaning that alot of average joes were getting a nice slice of th reward pie.
although satoshis hoard was large, if you do some actual maths of miners around between 2009 and 2011. satoshi did not have 20% control of all mining for the whole 2 years, which would result in a 1million hoard. id say he had 50% control at the first month of release, then dropped to 20% before summer 2009 and then dropping ever since, as bitcoin mining started to expand. id say he has about 100k not 1mill.
but no one can know for sure how much hoard he has, we can only speculate via the maths and putting known data into prospective... all i know for sure was that there were not just 5 miners in 2011 thus impossible for satoshi to have been at 1mill in 2011, when he disapeared
The first difficulty increase took place ~1 year after the genius block (dec 30 vs jan 3, both 2009). The difficulty is recalculated once very 2016 blocks and back then one block was worth 50 BTC. SATOSHI DID NOT OWN ALL MINED COINS OF 2009 as others were mining it too
2010 it started expanding where a few hundred to a couple thousand people were mining, meaning satoshis slice of the pie was getting smaller
in 2011 CPU farms and then GPU started growing, meaning that alot of average joes were getting a nice slice of th reward pie.
although satoshis hoard was large, if you do some actual maths of miners around between 2009 and 2011. satoshi did not have 20% control of all mining for the whole 2 years, which would result in a 1million hoard. id say he had 50% control at the first month of release, then dropped to 20% before summer 2009 and then dropping ever since, as bitcoin mining started to expand. id say he has about 100k not 1mill.
but no one can know for sure how much hoard he has, we can only speculate via the maths and putting known data into prospective... all i know for sure was that there were not just 5 miners in 2011 thus impossible for satoshi to have been at 1mill in 2011, when he disapeared
50BTC * 2016 blocks means that BTC100,800 is mined every two weeks. By following your assumption that he controlled 50% of all mining the first month it would mean that he would have mined ~100k the first month.
If he controlled 20% of the mining from February 2009 to December 2009 then he would have mined BTC40,320 per month. This times 11 months is BTC443,520 for this time period. Add this to the 100k from his first month of mining and he would have mined just under 550kBTC assuming that he stopped mining when the difficulty first increased.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
I have read a different places that Satoshi holds 1M Bitcoin. Is there any definitive proof/explanation for the same ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
Satoshi Nakamoto holds 0 coins, but has given 1 million coins to the rest of us via deflation.Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
Consensus seems to be that whoever Satoshi is is sitting on more than a million BTC. At current prices, that would make him the first person to have more than a billion USD in bitcoin. According to Forbes, there are only 1,426 billionaires in the world.
This is not what I'm looking for. I'm asking for Satoshi's wealth data and the information if some entity in the Bitcoin world may have more than that.
Consensus seems to be that whoever Satoshi is is sitting on more than a million BTC. At current prices, that would make him the first person to have more than a billion USD in bitcoin. According to Forbes, there are only 1,426 billionaires in the world.
This article provides some data based reasoning of Satoshi's wealth to be 1M bitcoins => http://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
Sadly, I'm no technical expert to justify the reasonings given here
Can the community confirm that they are real ?
Sadly, I'm no technical expert to justify the reasonings given here
Can the community confirm that they are real ?
from 2009 to 2011 there were 5million coins mined, from january 2009 satoshi and other programmers (a small group) were all playing around with mining and making the first few versions of the bitcoinD
SATOSHI DID NOT OWN ALL MINED COINS OF 2009 as others were mining it too
2010 it started expanding where a few hundred to a couple thousand people were mining, meaning satoshis slice of the pie was getting smaller
in 2011 CPU farms and then GPU started growing, meaning that alot of average joes were getting a nice slice of th reward pie.
although satoshis hoard was large, if you do some actual maths of miners around between 2009 and 2011. satoshi did not have 20% control of all mining for the whole 2 years, which would result in a 1million hoard. id say he had 50% control at the first month of release, then dropped to 20% before summer 2009 and then dropping ever since, as bitcoin mining started to expand. id say he has about 100k not 1mill.
but no one can know for sure how much hoard he has, we can only speculate via the maths and putting known data into prospective... all i know for sure was that there were not just 5 miners in 2011 thus impossible for satoshi to have been at 1mill in 2011, when he disapeared
SATOSHI DID NOT OWN ALL MINED COINS OF 2009 as others were mining it too
2010 it started expanding where a few hundred to a couple thousand people were mining, meaning satoshis slice of the pie was getting smaller
in 2011 CPU farms and then GPU started growing, meaning that alot of average joes were getting a nice slice of th reward pie.
although satoshis hoard was large, if you do some actual maths of miners around between 2009 and 2011. satoshi did not have 20% control of all mining for the whole 2 years, which would result in a 1million hoard. id say he had 50% control at the first month of release, then dropped to 20% before summer 2009 and then dropping ever since, as bitcoin mining started to expand. id say he has about 100k not 1mill.
but no one can know for sure how much hoard he has, we can only speculate via the maths and putting known data into prospective... all i know for sure was that there were not just 5 miners in 2011 thus impossible for satoshi to have been at 1mill in 2011, when he disapeared
I have read a different places that Satoshi holds 1M Bitcoin. Is there any definitive proof/explanation for the same ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
Satoshi Nakamoto holds 0 coins, but has given 1 million coins to the rest of us via deflation. Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
I have read a different places that Satoshi holds 1M Bitcoin. Is there any definitive proof/explanation for the same ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
We all use to have the trasaction or wallet info about satoshi but now its gone he have transfer the coin to nowhere
I have read a different places that Satoshi holds 1M Bitcoin. Is there any definitive proof/explanation for the same ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
The strong evidence comes from the predictable pattern of "nonces" that solved the earliest of blocks. The pattern suggests the person who mined the first coins mined about a million in total. Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
I have read at different places that Satoshi holds 1M Bitcoin. Is there any definitive proof/explanation for the same ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
Is there anyone or any institution holding more coins than Satoshi Nakamoto, e.g. Winklevoss Brothers or GHash.IO ?
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