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31 May 2020

Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009 | Bitcoin News

Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009 | Bitcoin News


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Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009.

On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address.

The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have been the mysterious Satoshi Nakamoto.

However, skeptics believe that even though the coins stemmed from an address a touch over a month old from the time Nakamoto bootstrapped the Bitcoin network, it may have been someone else who mined alongside the creator.

Various theories have come into play, as people have thought that maybe it was Hal Finney’s wife, one of the Kleimans, Craig Wright, Marti Malmi, someone who may have mined alongside Satoshi Nakamoto, or possibly even the creator.

“Keep in mind it’s basically impossible to prove that Satoshi ‘didn’t’ mine these coins, but the best research we have suggests that Satoshi mined a specific set of blocks, of which this is not one.” At this point, Carter is discussing the research done by RSK Labs chief scientist Sergio Demián Lerner.

That particular research shows that there is strong evidence to suggest that a single miner or very small group of miners (5 CPUs) could have mined 22,000 blocks.

A blog post from eklitzke.org shows that between the birth of the Bitcoin network in January 2009 and the two months that followed, the hashrate was around 4-8 megahash per second (MH/s).

“The few months have a consistent hash rate of about 5 MH/s [and] would it have been feasible for Satoshi Nakamoto to have solo mined with 5 MH/s in 2009?” the researcher asked.

Twitter is now going crazy about the speculation that the coins may have been the very creator’s bitcoins

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