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$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale


$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale

Analysts estimate Satoshi mined $10.9 billion worth of Bitcoin to keep the network safe but will these BTC ever be spent? A recent report by blockchain tracking and analytics provider, Whale Alert, revealed that the miner known as Patoshi mined over $10.9 billion or 1,125,150 BTC during Bitcoin’s infancy in order to protect the network from a 51% attack. Patoshi has been confirmed to be the anonymous Bitcoin creator known as Satoshi and the early blocks mined by Patoshi also include the first BTC transaction to Hall Finney, a well known developer and early Bitcoin contributor. Whale Alert was able to come to this conclusion by reviewing previous research conducted by independent researcher and cryptographer Sergio Lerner. Lerner coined the term Patoshi miner back when a cryptographic pattern that revealed most of the early Bitcoin mining was done by one individual with access to modified mining software. Read More...