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Topic
Board Press
Re: 2013-11-27 Guardian: 7,500 Bitcoins thrown in bin
by
niothor
on 30/11/2013, 11:18:22 UTC
I'm just trying to work this out ....

He's supposed to have had 7500 coins and he mined them in a week on his laptop back in 2009.  At one block every 10 minutes each generating 50 coins that's 300 coins an hour, 7200 coins a day and 50400 per week. 7500 of 50400 is 14.88%.  Now maybe I'm being dumb and I've made some stupid mistake but if I haven't it does not seem credible to me that he had about 15% of the hashing power mining bitcoins back in 2009.

M

he said a week , maybe to dramatize , could have been 10-12 days,  and at that time you couldn't say that there was hashing "power" , the few who tried this weren't keeping their computer on 24 hours except for a few.
Still , it is possible.