This Man Mined 55,000 BTC – He Could Have Been a Billionaire Today

2023-4-26 15:00

Computer scientist Martti Malmi is one of the first supporters of Bitcoin. He was also one of the most active miners in the network in 2009-2010. However, by 2012, he had sold most of his coins.

The Bitcoin pioneer admitted on his Twitter account that he could have become a billionaire. Had he kept all his coins to this day, they would be worth $1.5 billion.

Miner Malmi Could Have Been Among the Richest BTC Billionaires

Malmi, a Finnish software developer colloquially known as “sirius-m,” was one of the most active and first-ever miners in the early days of Bitcoin. 

While studying computer science at Aalto University, he helped Bitcoin’s pseudonymous founder Satoshi Nakamoto release the second version of Bitcoin software supporting Linux. Nakamoto developed the original Bitcoin software for Windows computers.

Between 2009 and 2011, Malmi mined 55,000 BTC, representing 0.25% of the asset’s 21 million supply, with a laptop. Today, he would be one of the 15 richest Bitcoin billionaires (including exchanges and large corporations).

He later left the project after Nakamoto disappeared but continued work on decentralized technologies.

Binance CEO Changpeng Zhao is estimated to be the highest BTC holder whose identity is known, holding $65 billion in crypto. Twins Cameron and Tyler Winklevoss reportedly hold about $4 billion in BTC each.

Malmi Has No Regrets

Despite being sold very early, the Bitcoin mined still earned the computer scientist quite a bit of money in 2012. He gradually sold off a large portion of his coins at prices ranging from $15 to $30.

“It’s a big deal that at the age of 22 you earned your own house.”

Martti’s comment comes nine years after his decision to sell more than 10,000 Bitcoins to buy his own home. He kept some of his coins after 2012 and is still an active HODLer.

Having founded the first Bitcoin community forum, which later became BitcoinTalk, the former miner now belongs to the 9,000-member Bitcoin group on LinkedIn. His last known post on BitcoinTalk was in 2012.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

The post This Man Mined 55,000 BTC – He Could Have Been a Billionaire Today appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Billionaire Token (XBL) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0589091 (-100%)

could billionaire mined bitcoin btc today man

Èñòî÷íèê: beincrypto.com

could billionaire → Ðåçóëüòàòîâ: 126


Wash Trading: Why This Billionaire Believes The Illegal Practice Will Spark The Next Crypto Crisis

Billionaire Mark Cuban recently shared his thoughts about what could possibly cause the next crypto implosion: wash trading. During a recent interview with TheStreet, Cuban – who also is a well-known cryptocurrency investor – didn’t hold back in saying that 2023 will also be a year marked by scandals and frauds that will ravage the […]

2023-1-8 10:42


Ôîòî:

Billionaire Zombies Club drives Christmas cheer with 1 Billion tokens donated to Ten Nonprofits and 30,000 tokens gifted to Zombie owners

Summary: The Billionaire Zombies Club has gifted its community with 30,000 tokens per Zombie and revealed the beneficiaries of a 1,000,000,000 token charitable donation, recipients include OneMama, Presence WorldWide, Hope Refuge Inc, Could You?, & Leyline The Billionaire Zombies Club (BZC), a fast-growing decentralized NFT art community,  has donated 1,000,000,000 tokens to ten nonprofits including […]

2021-12-24 19:45


Bill Miller says Bitcoin Is ‘Less Risky’ at Current Value, While JPMorgan Clients ‘Disagree’ with CEO on BTC’s Worth

The billionaire investor sees Bitcoin as digital gold and says Coinbase “could be the default position for growth investors” that could easily have a $1 trillion market. The post Bill Miller says Bitcoin Is ‘Less Risky’ at Current Value, While JPMorgan Clients ‘Disagree’ with CEO on BTC’s Worth first appeared on BitcoinExchangeGuide.

2021-10-12 15:41


Insurance Giant Sees Bitcoin As A “Store Of Value” And A “Potential For Significant Price Appreciation”

MassMutual CIO says it would take multiple market cycles to determine if Bitcoin serves as an inflation hedge. Meanwhile, Billionaire private equity investor Orlando Bravo asks, “How could you not love crypto?” The post Insurance Giant Sees Bitcoin As A “Store Of Value” And A “Potential For Significant Price Appreciation” first appeared on BitcoinExchangeGuide.

2021-10-1 17:11


Ôîòî:

Ex-Goldman Billionaire Mike Novogratz Throws Jab At Cardano, Describes ADA’s Community As A ‘Weird Cult’

Despite Cardano’s recent explosive growth, Galaxy Digital founder and CEO Mike Novogratz, a billionaire investor active in the crypto-asset space, showed his disapproval of the cryptocurrency. Novogratz argued that while Cardano (ADA) could very well survive indefinitely, its community is fundamentally a “weird cult”.

2021-6-15 19:27


Ôîòî:

The Billionaire Maker: How Start-Up Goobig Plans To Shake Up Lottery Sector

One new company is looking to revolutionise the prize game sector, crowning 58 millionaires in the process and ultimately, one billionaire. That company is UK-based, Goobig. Originally setting out to create a company that could challenge traditional national lotteries and simultaneously stimulate a much younger, tech savvy audience, Goobig aims to go one step further. Read More

2021-4-28 15:00


Ôîòî:

Billionaire Ray Dalio: U.S. Could Impose “Shocking” Tax Increases That’d Have Huge Consequences On Bitcoin

Billionaire hedge fund manager Ray Dalio is well known for his criticism of holding fiat money in the face of unprecedented money printing and runaway inflation. Now, Dalio asserts that bonds — or anything, really in dollars, is also not a safe investment play, especially with governments producing insane amounts of debt. In a recent […]

2021-3-16 20:03


With So Much Liquidity on the Sidelines, Bitcoin could Hit $100k This Year: Mike Novogratz

Both Bitcoin and gold will go higher, said billionaire Mike Novogratz, the chief executive officer at Galaxy Investment. Amidst the ongoing inflation expectations and other uncertainties in this market, “both gold and Bitcoin are going a lot higher, but gold could easily go up 30% this year,” said Novogratz in his interview with Bloomberg.

2021-1-7 20:34


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Whale Moves 5,000 Bitcoin (BTC) After 3 Years

One Bitcoin whale moved 5,000 BTC from an address that has been inactive since 2012 and 2013, as accumulation in old wallets increases. The post Bitcoin Whale Moves 5,000 Bitcoin (BTC) After 3 Years appeared first on BeInCrypto.