What are the characteristics of satoshi nakamoto's mining behavior?

Original title: "the miner's life of satoshi nakamoto"

Coinxin block chain

Coinage news, a twitter bot that monitors large transfers on the chain, @whale_alert, said at 10pm last night that 40 bitcoins had been transferred from an ancient bitcoin address that had not been transferred since March 2009, and speculated that the wallet might belong to satoshi nakamoto.

Bitcoin fell from $9,700 to $9,300 as a result of the news, and according to Coin's data, positions in the online contract have exploded to $433 million in the past 24 hours.

@whale _ alert to conclude that the address belongs to satoshi nakamoto based on the fact that the block was excavated early is an unwarranted guess and an abuse of media influence.

The address first excavated 50 bitcoins in block 3654 on February 10, 2009. It can be confirmed that this is one of the earliest sites involved in mining since the first bitcoin block was announced on January 4, 2009, but it cannot be considered that this address belongs to satoshi nakamoto. & have spent

According to Hal finney, one of bitcoin's earliest participants, he was involved in bitcoin mining around block 70 of the web. Hal finney, who made the first human bitcoin transfer with satoshi nakamoto, is highly credible. This means that in addition to satoshi nakamoto, there were miners involved in the mining of bitcoin on its first day.

In addition, the address does not belong to the commonly believed "satoshi nakamoto" address.

Satoshi nakamoto's mining activities at the time of bitcoin's birth have been the focus of bitcoin enthusiasts' research. The website satoshiblock.info has collected some of the most valuable studies.

The research started with Sergio Demian Lerner, designer of RSK, the bitcoin intelligent contract platform. Since 2013, Sergio has been studying nakamoto's mining practices.

In the early days of bitcoin, a new address was randomly generated for each block dug up. So satoshi nakamoto's COINS are not stored at a huge address, as the average person thinks. But the vast majority, in the form of rewards of 50 blocks per address, are stored at random addresses generated by mining.

Through his research on early mining, Sergio said he found three privacy holes in the original bitcoin code and used the ExtraNonce value in block reward transactions to find a "single big miner" who had been mining since the creation of bitcoin. He called the block that fits the mining pattern Patoshi and identified the miner as satoshi nakamoto.

The coin 17 xivvoolcdcucmf9s4t4jtexacxwfs5uh address, does not belong to Patoshi  Block address.

Bitcoin researcher Jameson Lopp said that when the media saw the early days of bitcoin transfer, they were amazed that Ben cong had returned, too simple, sometimes naive.

He added that in the first three months of bitcoin's existence, there were 464 blocks, which did not conform to the rule of "satoshi nakamoto block". It was time for the media to update the information.

What are the characteristics of satoshi nakamoto's mining behavior? Follow Sergio's research --

1. In 2009 and 2010, satoshi nakamoto excavated 980,000 bitcoins, after which he may stop mining.

2. 99.9% of bitcoin mining rewards conforming to the rule of "nakamoto block" were not used. Only 10% of mining rewards that do not follow this rule are not used.

3. In the first three months of bitcoin's existence, the number of other miners increased from zero to about 25.

4. At certain intervals, satoshi nakamoto will suddenly stop mining (i.e., the whole day of July 18, 2009), and then continue from the point of interruption.

Satoshi nakamoto mines with a single machine, not with multiple people.

Reference: satoshiblocks. Info  & have spent

The original address: https://mp.weixin.qq.com/s/HlqKBoYd7VytUwxruBiKxA

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