Satoshi Used One PC to Mine 1.1M Bitcoins

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ergio Dermain Lerner, a researcher who has extensively analyzed the mining habits of Satoshi Nakamoto, posted his latest findings via a blog post on August 22. Lerner suggests that Satoshi could have been a single individual who used just one computer to mine 1.1 million Bitcoins

  • In June 2020, Lerner published conclusions on Satoshi’s early mining activity, noticing that there was a distinctive pattern and that he would adjust his hashrate to allow others to mine

  • This particular miner was titled “Patoshi”

  • Patoshi’s blocks can be grouped into 5 categories based on a nonce value, which typically increases with every mining attempt

  • However, Patoshi worked within a limited range and decreased the nonce value with every attempt; this led to the the idea that the miner was calculating the “5 subranges in parallel, but each subrange internally sequentially” 

  • The long and short of the most recent analysis by Lerner is that Patoshi was using a single CPU with strong multithreading capabilities

  • The use of a single CPU would suggest that Satoshi was one person, not a group of people

Related Reading:`

  • Satoshi probably used a Russian proxy

  • Cardano founder Charles Hoskinson suggests that Blockstream founder Adam Back could be Satoshi

Resources

  1. https://www.pexels.com/photo/electronic-device-2225618/

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By God, 1.1 million btc. It makes me feel dizzy to even read it.

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