Post
Topic
Board Bitcoin Discussion
Re: How many bitcoins were there in the beginning?
by
hazek
on 01/06/2011, 15:10:37 UTC
Does anyone know how many bitcoins there were on day 1 of bitcoin? I mean there needed to have been a seed amount not including mined coins since mining is processing transactions so other coins need to exist before mining coins are created. Who got these coins? Huh

There were no coins in the beginning. When the first block was mined, first 50BTC were created. That's how it started.