We'll be going over bitcoin genesis block text of the most interesting and intriguing facts about the Genesis Block. Quick background information the "Genesis Block" was the very first block in the Bitcoin blockchain.
Yes that's right, the very first. Uno, Yi, un, one. Mini fun fact to get us started, there was such thing as an absent of blocks. Meaning, there wasn't always a block to be mined. There was in fact, block 0. Yeah, yeah that's great. Anyways let's get right into it! The Satoshi PC Bitcoin mining has truly come a long ways. However, like any coin, everyone's got to start somewhere.
The reasoning behind this is because ASIC miners did not come to the market until In addition, GPU couldn't have been possible either as GPU bitcoin genesis block text wasn't introduced until2 years after the first block. Thus this leads us to beleive the only possible way Satoshi could've mined this was simply using a CPU. Now, keep in mind at this time Bitcoin genesis block text was the only 'miner' of the Bitcoin network making it simple to mine with such hardware.
Good luck trying to mine with a CPU nowdays, let me know how that works out for you. The Genesis Block Oh the blockchain, what a wonderful invention. Arguably one of the most important inventions of the 21st century. The Bitcoin genesis block text Block was no ordinary block. The following is the hex of the block: Again, it only took a CPU to mine so give Satoshi some slack bitcoin genesis block text the only miner. Lastly, something remarkable was mentioned in the blocks arbitrary data.
So you might be thinking, why would he say that, why not something like, bitcoin genesis block text Blockchain" or something totally out of this world. Well, these words were chosen for one sole bitcoin genesis block text. To prove the he couldn't have mined his block earlier than the morning of January 3rd. Chancellor on a brink of second bailout for banks was actually a real headline in the Financial Times.
The Time To Find Block 1 With Satoshi being the only miner at the time, it surprising that it took a whopping 6 days to find block 1 from block 0. Check it out below. Hmm something seems off. Satoshi designed the first blocks to be extremely easy to mine. With that said, why did it take 6 days? Is there something were not being told? Well, we weren't told anything actually.
Theory goes he either took a break, or he purposely made it take 6 days to relate to the six days God took to create the world. A bit of a far stretch, but possible I suppose. Before I ends things in this post, if you haven't already please do upvote and resteem the heck out of this post. It was a bunch of fun to write. I learned a lot doing so, and I hope you did too! What if Satoshi mined it from an extremely old and slow spare computer with a CPU?
Difficulty level is equivalent with hashrate. If every asic and GPU on earth gets disappeared, you'll still have a chance to mine with laptops. But then, people that holds thousands of CPU powered servers will dominate the guy that owns average PC. Finally I'll leave you with a quote: Authors get paid when people like you upvote their post.
This is a good post. Should have more upvotes then it has. Thanks for your content!
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