Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Satoshi's Fortune lower bound is 100M USD
by
deepceleron
on 13/04/2013, 23:44:50 UTC
⭐ Merited by ETFbitcoin (1)
I've assumed:

1. Satoshi mined almost alone from 1/3/2009 to 1/25/2010 (block 0 to block 36288). This assumption is based on the Total Network Strength

That is an incorrect assumption, remember the default behaviour of Bitcoin was to generate coins with just one checkbox in the options menu. You will find there are many people trying out Bitcoin, and before this forum opened, there was about six months of (lost) chit chat on a sourceforge forum too, so it's hard to examine records of people trying it out (or leaving it running):

2009-06-13 06:41

The new Bitcoin website/portal is up at bitcoin.sourceforge.net.  
Forums and a wiki are included, so you're welcome to join discussion  
and wiki documentation.

Martti Malmi
Bitcoin Web Developer



From here...
We had our first automatic adjustment of the proof-of-work difficulty on 30 Dec 2009.  

I have noticed some slowdown since the adjustment, but I still generate a lot of coins.

When Generating, the user will gain 50 coins after creating 120 blocks. Why..

I haven't really been able to tell if coins generate slower or not with less connections...

My first transaction completed resulting in +50 Coins. Yay!!

But what is true is that anybody running Bitcoin that year with a consumer Core 2 would make about 2000 BTC a day.
[Bounty] 201600 BTC for a time machine, I only need a few hours...