Author Topic: bitcoin is generated by mining?  (Read 23 times)

Offline Shera

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bitcoin is generated by mining?
« on: January 02, 2018, 04:34:47 AM »
i got that new bitcoin is generated by mining.. but the question is how the very 1st bitcoin was created



Offline Amrit

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Re: bitcoin is generated by mining?
« Reply #1 on: January 02, 2018, 04:35:19 AM »
i got that new bitcoin is generated by mining.. but the question is how the very 1st bitcoin was created

the first 50 bitcoins were created in the genesis block, the first block in the bitcoin blockchain.  it was mined by satoshi nakamoto.

Offline nil

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Re: bitcoin is generated by mining?
« Reply #2 on: January 05, 2018, 12:58:36 PM »
Of course the first would have been created by the developer and thereafter few more by his near and dear ones. However, now it is mined the most among other virtual currencies.