Satoshi’s Bitcoin Mining Costs Were Shockingly Low, Cardano Co-Founder Reveals
2025-07-06 10:46:21
Main Idea
Satoshi Nakamoto's cost to mine 1 million Bitcoins during 2009–2010 was extremely low, estimated under $3,700, due to low mining difficulty and CPU mining.
Key Points
1. Satoshi Nakamoto mined 1 million BTC for under $3,700 due to low competition and CPU mining in 2009–2010.
2. A single mining rig using 190 watts of electricity operating 75% of the time over 485 days was the most efficient setup.
3. Sergio Lerner's analysis suggests Satoshi mined with a cluster of machines, with costs potentially rising to $3,700 if more energy was needed.
4. Ripple CTO David Schwartz revealed he holds 250 Bitcoins, mined when BTC was trading at a much lower price.
Description
Here's how much it cost Satoshi Nakamoto to mine 1 billion Bitcoins during the cryptocurrency's earliest days
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