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Posted by
Two Blokes Jul 6 -
Filed in
Crypto
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5 views
Cardano founder Charles Hoskinson has estimated that Satoshi Nakamoto, the anonymous creator of Bitcoin, likely spent under $3,700 on electricity to mine 1 million BTC during the cryptocurrencys earliest days. According to Hoskinson, Bitcoin was mined between 2009 and 2010 when the network had extremely low difficulty, negligible competition, and mining was done using CPUs rather than specialized hardware.
