Sergio Lerner’s Recent Blogpost Reveals That Satoshi Restrained Bitcoin Hashrate On Purpose

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • In a research suggested that Patoshi or Satoshi Nakamoto, may have restrained his hashrate in initial days of Bitcoin and it had a specific purpose. 
  • It suggested that there might be that Patoshi may have a reason behind his constraints of mining less number of blocks.
  • Lerner along with some other researchers is trying to fathom how much amount of Bitcoin, Satoshi Nakamoto could have possibly mined.

In a recent research, by RSK’s co-founder Sergio Demain Lerner suggested that Patoshi, one of the earliest Bitcoin miners who often assumed to be the pseudo anonymous Satoshi Nakamoto, may have restrained his hashrate in initial days of Bitcoin and it had a specific purpose. 

Satoshi Turned Off His Mining Equipments For 5 Minutes

One of recent blog posts by Lerner where he deeply analysed the Bitcoin activity when it was first launched. It suggested that there might be that Patoshi may have a reason behind his constraints of mining less number of blocks. Patoshi is a reference to Satoshi. Lerner, is of the famous Bitcoin technology pioneers and is the co-founder of RSK, which is a startup based on Bitcoin and Blockchain technology. He further added that while mining blocks, he might have possibly kept his mining equipment turned off at every 5 minutes during the block intervals. 

Self Proclaimed Bitcoin Creator Complicates Evidences

However, Craig Wright the self proclaimed Australian Satoshi has only complicated the evidence obtained from the miners. He further complicated the evidence, how they recorded the time of their mined blocks on Bitcoin’s server. The self proclaimed Satoshi, has been trying to prove his identity and ownership of Bitcoin in every possible way. However he claimed that he doesn’t not have the passcode to the Bitcoin. These events left Lerner in a skeptical mindset. Once again made him wonder how many people used Bitcoin earlier. The possibility of the addresses from which Bitcoin mined in real life belonging to the Bitcoin’s anonymous creator, Satoshi. 

Satoshi claimed to have mined an enormous amount of Bitcoin, when the platform was still in its first stage. Lerner along with some other researchers is trying to fathom how much amount of Bitcoin, Satoshi could have possibly mined before disappearing mysteriously from all sorts of virtual platforms in 2010. 

Satoshi May Have Paved Way For Newcomers

The main reason why Satoshi had turned off the equipment for 5 minutes may be to wait in order to process the new blocks. Also, assumed that simply he wanted to give a opportunity to the new miners to mine the block faster than he could. In other words he was trying to create a stable Bitcoin network by balancing the blocks mined sin’t too fast compared to others.

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