Cryptocurrency Q&A
When was Bitcoin first mined?
When was Bitcoin first mined?
Chiara
Sun Jul 07 2024
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8 answers
1526
Could you elaborate on the historical significance of the moment when Bitcoin was first mined? I'm particularly interested in understanding the timeline and the context surrounding this pivotal event in the cryptocurrency world. What year and month was it? Who was the miner, or miners, responsible for this groundbreaking achievement? And how did it shape the evolution of Bitcoin and the cryptocurrency industry as a whole? I'm eager to gain a deeper understanding of this landmark event and its lasting impact.
8 answers
KimonoGlitter
Tue Jul 09 2024
However, in the early stages of Bitcoin's existence, it held virtually no dollar value.
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Bianca
Tue Jul 09 2024
In the year 2009, Bitcoin's genesis block was mined in January by its creator, Nakamoto.
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ShintoBlessing
Tue Jul 09 2024
Shortly after, other miners began to join the network, albeit in small numbers.
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amelia_harrison_architect
Tue Jul 09 2024
The protocol for Bitcoin's production was designed to cap the total supply at 21 million units.
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Valentino
Tue Jul 09 2024
This limitation on supply was intended to ensure scarcity and potentially drive up the value of the cryptocurrency.
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