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Board Development & Technical Discussion
Re: Question on BTC - about creating new addresses at the beginning
by
Gerychmining
on 01/08/2018, 15:28:21 UTC
Thank you very much, yes, you correctly understood my question. I would like to speculate on this topic:
Those. when Satoshi began to mine, and every 2-5 minutes a new block appeared, and he received a reward for the proof of his work - she came on! a randomly generated wallet !, this wallet was generated by the customer himself, the "first miner" btc, right?
and these keys (private key) from this purse were automatically recorded somewhere? tell me more pls.

Bitcoin addresses (ie. public / private key pairs) are unrelated to the PoW mining process.

You first need a valid Bitcoin address, then you can receive transactions on it -- including block rewards. That is, Satoshi's wallet existed prior to them mining the first block. Otherwise there wouldn't have been a Bitcoin address onto which to receive the coinbase transaction containing the block reward.

(Also note that even when Satoshi began to mine the targetted block interval was 10 minutes, like it is today. Supposedly Satoshi's first block following the genesis block took hours, if not days, to mine, but I'm not sure if that story is just apocryphal since I can't recall the source)

OK, understood. Then tell me, please, how do you think, Satoshi, when on his own computer he extracted blocks during the first months, he did not sit and did not manually start (did not write manually) each time a new address to receive the award.
Now it is understandable - you indicate which purse to send the reward, and start the booty.
And at that time, it was implemented automatically, each time the reward for each new unit came to a new wallet. I'm sure that Satoshi did not sit and did not write a new address every 10 minutes. Now everyone gets their wallet for one (for example).
And since we see a few thousand first blocks - and when each bitcoin was found, they were registered to a new address, it was done specially, as I think. For example, in order to test the system, but I'm sure that for the test it would have been quite a long time .. 1-2 months.
I think that when he released "to the light", for people, the first software client for bitcoin mining, it was possible to fit there one of his wallet, which would have received a reward for the block.
And before that it happened automatically "randomly." But he also made transfers from such random purses. And to the middle of "network testing" (mid-2009), such wallets with the balance has accumulated a lot.
What are your thoughts on this matter?