Whale Alert, the blockchain analysis company that is known for informing the cryptocurrency community when large amounts of BTC and other digital assets move, has concluded that Satoshi Nakamoto mined around 1,125,150 bitcoins. Whale Alert claims that this study has made what is the most accurate estimate of the number of mined blocks and Bitcoins owned by the mysterious creator of bitcoin.
The study concluded that Satoshi mined up to block 54,316 and the total value of the famous stash is around $ 10.9 billion today.
To reach this conclusion, Whale Alert implemented the “extra nonce” method of Sergio Demian Lerner.
According to Whale Alert, the immigration method illuminates a pattern that reveals the actions of "Patoshi", an early and prolific bitcoin miner identified by Sergio Demian Lerner.
Whale Alert explains: "In 2013 Sergio Demian Lerner discovered that there was a distinct pattern visible in this aliens value in the coinbase transaction (the transaction in which the rewarded bitcoin is created to mine a block) from each block."
The study also shows that 22,503 of the first 54,316 blocks were mined by Satoshi and that the first miner's goal was to protect the network from attack.
"We know for sure that Patoshi was operated by Satoshi because his patron arises at the birth of the network and extracted the block that created the bitcoins sent to Hal Finney. Lerner found additional evidence of his claims in the nonces (another value used in the mining process that is also stored in each block, but is different from the extra nonce) of the blocks mined by Patoshi: the last byte of the nonce was always within the ranges from 0 to 9 or from 19 to 58, while all the other miners used the full range from 0 to 255 ”.
When very early mined coins move, it's always a huge point of interest in the crypto space. Every transaction made by these old wallets could be a clue to Satoshi Nakamoto's true identity.
In a recent Twitter thread, Coin Metrics co-founder Nic Carter spoke about interest in early Bitcoin patterns. Block 3,654 is of great interest in the Bitcoin community.
“Here is a visualization of the Patoshi pattern with the block that has just been spent. Blocks believed to be Satoshi have a specific pattern on the nonce, which this block does not have. ”
Carter went on to describe the level of mystery behind Satoshi that casual Bitcoiners might not know.
“Actually, there is much more debate about Satoshi coins than people generally know. From the way it is reported in the press, one would think that there was a gigantic wallet attributed to Satoshi in practice there is much more uncertainty about the directions. ”
There is a strong and popular belief among cryptocurrency enthusiasts that we better never learn Satoshi's identity. But that won't stop people from digging through the blocks for more clues.