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42 sats \ 0 replies \ @nullama 26 Aug 2023 \ on: How long did it take the 1st BTC to be mined? bitcoin
A couple of things.
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Bitcoin mining requires a previous block, so genesis block was required.
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The first block is special, it's genesis. The reward of it is not spendable.
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There is no mining of the first 1 BTC, the first block got 50 BTC as reward, not 1.
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The difficulty was set at 1. For comparison, right now the difficulty is 55.62 T, that is 55620000000000.
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In that first block, there is this message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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That block was mined on 3 January 2009.
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6 days later the second block was mined as the Bitcoin client was released that day
And this is what Hal Finney said: