>In conclusion, although there is strong evidence of a dominant miner in 2009, we think **the evidence is far less robust than many have assumed.** Although a picture is worth a thousand words, sometimes pictures can be a little misleading. Even if one is convinced, the evidence only supports the claim that the **dominant miner may have generated significantly less than a million bitcoin in our view. Perhaps 600,000 to 700,000 bitcoin** is a better estimate.
>**None of the above says much about whether the dominant miner was Satoshi**, although we know Satoshi mined block 9, which we have allocated to the dominant miner in our analysis. **However this is in a slope of just 11 blocks, so it’s certainly not conclusive**. Whoever the dominant miner was, it is of course **possible the keys have been lost or discarded by now**.
Thus block 9 and genesis block was created by Satoshi 100%, and the evidence reflects he might have mined 11 blocks at least in addition to the genesis under these assumptions .
This means the evidence suggests we definitely know satoshi mined 2 blocks , and likely mined 11 blocks, and that **perhaps** there was a dominant miner who mined between 600-700k bitcoin(not blocks). **There are other explanations for the extranonce pattern that do not point to a dominant miner. Simply a similar software setup can cause this.**
Since there was over 3 days between the genesis block being mined and block 1 and difficulty was 1 it would be safer to assume satoshi waited for other miners to start mining before joining in .
2 Comments
Satoshi doesn’t own 968k bitcoin, people are just guessing random numbers.
Pasting a comment by u/bitusher please:
Satoshi having 1 million BTC is a myth created by sergio which was quickly shown to be flawed and contradictory.
Here is Sergio’s original post –
https://bitcointalk.org/index.php?topic=175996.msg1832533#msg1832533
and followup
https://bitcointalk.org/index.php?topic=178629.0
Where Greg and others point out flaws in his research and how some of it is self contradictory
Here is Bitmex’s follow up research on the matter –
https://blog.bitmex.com/satoshis-1-million-bitcoin/
>In conclusion, although there is strong evidence of a dominant miner in 2009, we think **the evidence is far less robust than many have assumed.** Although a picture is worth a thousand words, sometimes pictures can be a little misleading. Even if one is convinced, the evidence only supports the claim that the **dominant miner may have generated significantly less than a million bitcoin in our view. Perhaps 600,000 to 700,000 bitcoin** is a better estimate.
>**None of the above says much about whether the dominant miner was Satoshi**, although we know Satoshi mined block 9, which we have allocated to the dominant miner in our analysis. **However this is in a slope of just 11 blocks, so it’s certainly not conclusive**. Whoever the dominant miner was, it is of course **possible the keys have been lost or discarded by now**.
Thus block 9 and genesis block was created by Satoshi 100%, and the evidence reflects he might have mined 11 blocks at least in addition to the genesis under these assumptions .
This means the evidence suggests we definitely know satoshi mined 2 blocks , and likely mined 11 blocks, and that **perhaps** there was a dominant miner who mined between 600-700k bitcoin(not blocks). **There are other explanations for the extranonce pattern that do not point to a dominant miner. Simply a similar software setup can cause this.**
Since there was over 3 days between the genesis block being mined and block 1 and difficulty was 1 it would be safer to assume satoshi waited for other miners to start mining before joining in .
And?