Satoshi Nakamoto mined $10.9 Billion worth of USD
It is no secret that whoever invested in BTC back when it first came out and held until its All Time High is now rolling in the big bucks. Bitcoin even now is a great source of income for those big investors but unfortunately, not everyone can afford to properly invest in it now with 1 BTC worth $9,190 at the time of writing. But by being the top cryptocurrency that it is, Bitcoin attracts lots of attention on its brand especially from those users who are interested in its founder Satoshi Nakamoto and how much wealth people Holding BTC actually have amassed over the years. One such organization is ‘Whale Alert’. While usually responsible for informing the crypto community when huge amounts of crypto assets are moved, has done something different. In what can be a ground breaking revelation to the whole world, they have reported that the anonymous founder of Bitcoin Satoshi Nakamoto mined 1,125,150 Bitcoins at the beginning of its creation and that is equivalent to almost $11 Billion US Dollars today.
The report has also revealed that Satoshi mined up to block 54,316 and claims that this is the most accurate statement of this activity up to date. Whale Alert used ‘Sergio Demian Lerner’s “Extra Nonce” method to get to this conclusion. This method if used correctly shows a pattern revealing the actions of “Patoshi” who was an early Bitcoin miner distinguished by Segio Lerner himself. Continuing, he verified by saying that the earliest transactions all had this similar pattern in the coinbase transaction of each block. Lerner has also verified that the first 22,000 blocks were mined by a single miner which he is sure of being Satoshi and the rest up till 54,316 which he has labelled as being Patoshi. There is no concrete evidence that those two are the same people but Whale Alert have done an extensive review leaving them to claim that the possible of Satoshi and Patoshi being one and the same is now Certain.
Moving on, there are a lot of reasons being thrown around as to why Satoshi would amass so many BTC in the early stages. The most sensible of those claims are all directed towards protecting the Blockchain and cryptocurrency from attacks and keeping it healthy. Reports have stated that in the earliest stages, it took 10 minutes to successfully mine a block and Satoshi gradually began to decrease his mining activities once more honest miners started joining in. There is no doubt that the earliest transactions on the blockchain could reveal the secret identity of the Bitcoin founder and even though there are a few who wish to remain in the dark, some will benefit from this report as it could give other researchers the clues they need to solve one of the biggest mysteries in the world.
What is your opinion on this? Who is Satoshi Nakamoto? Is BTC going to dominate the world in the future? Have you ever mined a Bitcoin? What is your favorite crypto? Share your thoughts and opinions in the comments below and we would love to feature you on our platform!
