Actually, it's a bug. As far as I understand it. But this bug takes mining further. Because it encourages people. I think it's a good prospect. It's a little visible, but I don't think it's wise to try.
Thanks for your nice explanation and calculations. It was something I was wondering about. I read about it on the Internet. It was very good for me to find out the explanation of the incident.
I think I'll stick to just buying it based on those odds but it's always nice to dream of winning that reward isn't it! As Martin said below, I'm sure that miner did a double take when he saw his wallet balance.
A fun read & educating at the same time. I spent a little time calculating which would be luckier, winning the Euro lottery or finding a block with 126 T/Hs. The latter is luckier by a very large margin. Incredible.
A few days have passed since reading this article. I now find myself spending many hours a day consuming as much knowledge as my brain can devour on the mystery of not only Satoshi Nakamoto but also Bitcoin's amalgamation of highly complex parts.
I have so many questions yet to find answers to:
Was Satoshi Nakamoto one person or more than one person? A group of people? Some even think it may be a government project & if so did they employ one or more individuals who have signed NDAs? I have some theories but unfortunately most are based on highly debatable pieces of evidence.
The history & advancement of cryptography, cypherpunk ideologies & overwhelming number of academic publications over the past 30+ years could contain many clues to breaking the entire mystery wide open.
I refuse to believe solving the mystery of Satoshi is impossible, however in the pursuit of achieving this goal it brings up a very important question. Is it morally acceptable to reveal the identity of a person/persons/group who invented bitcoin on the very premise of privacy?
Perhaps keeping it to oneself if ever solved is a compromise with Satoshi Nakamoto.
So your saying there’s a chance!
WOW!
A 1 in 1.4M chance to receive 6.25 BTC = $265K
This guy must of had the biggest smile on his face when he checked his BTC balance....lol
Actually, it's a bug. As far as I understand it. But this bug takes mining further. Because it encourages people. I think it's a good prospect. It's a little visible, but I don't think it's wise to try.
Thanks for your nice explanation and calculations. It was something I was wondering about. I read about it on the Internet. It was very good for me to find out the explanation of the incident.
I think I'll stick to just buying it based on those odds but it's always nice to dream of winning that reward isn't it! As Martin said below, I'm sure that miner did a double take when he saw his wallet balance.
For this I think I need to use all my luck in my life.
A fun read & educating at the same time. I spent a little time calculating which would be luckier, winning the Euro lottery or finding a block with 126 T/Hs. The latter is luckier by a very large margin. Incredible.
Great breakdown of how things work here, very helping understanding how it works.
That's one lucky miner. He should switch to mining some other coin cause there's no chance of that ever happening again LOL
I don't have the chance to dig 6.25 BTC even if I have a huge mining system. That's a very big chance. Thanks for the article.
A few days have passed since reading this article. I now find myself spending many hours a day consuming as much knowledge as my brain can devour on the mystery of not only Satoshi Nakamoto but also Bitcoin's amalgamation of highly complex parts.
I have so many questions yet to find answers to:
Was Satoshi Nakamoto one person or more than one person? A group of people? Some even think it may be a government project & if so did they employ one or more individuals who have signed NDAs? I have some theories but unfortunately most are based on highly debatable pieces of evidence.
The history & advancement of cryptography, cypherpunk ideologies & overwhelming number of academic publications over the past 30+ years could contain many clues to breaking the entire mystery wide open.
I refuse to believe solving the mystery of Satoshi is impossible, however in the pursuit of achieving this goal it brings up a very important question. Is it morally acceptable to reveal the identity of a person/persons/group who invented bitcoin on the very premise of privacy?
Perhaps keeping it to oneself if ever solved is a compromise with Satoshi Nakamoto.