bitcoinminingmyths

According to Charles Hoskinson, the founder of Cardano, Satoshi Nakamoto, the enigmatic co-founder of the most popular cryptocurrency, would have spent less than $3,700 on electricity to mine one million bitcoins.
In order to estimate how much electricity Nakamoto would have needed to mine one million bitcoins between 2009 and 2010, Hoskinson presented three potential scenarios.
During a period of CPU mining, very low mining difficulty, and virtually no competition, the creator of Bitcoin mined their money.
With varying assumptions for the quantity of mining devices, wattage, duty cycle, and electricity price, the scenarios in the table illustrate several conceivable methods Satoshi may have extracted the bitcoin.

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