Satoshi's Bitcoin Mining Costs Were Shockingly Low, Cardano Co-Founder Reveals

Cardano founder Charles Hoskinson has estimated that the electricity that Satoshi Nakamoto, the mysterious co-founder of the leading cryptocurrency, paid to mine 1 million BTC BTC - $109429.721 would have been under $3,700 total.

Source: u.today

Related symbols: BTCUSD

2025-07-06 10:40:02 GMT.

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Price & Market Data

Price: $109429.721

Volume 24h: $38,589,215,423.14

Market Cap: $2,176,414,457,368.59

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,888,671. The last known price of Bitcoin is 109,022.41328993 USD and is up 0.77 over the last 24 hours. It is currently trading on 12238 active market(s) with $37,736,919,727.19 traded over the last 24 hours. More information can be found at https://bitcoin.org/.