{"id":92851,"date":"2026-01-03T09:25:21","date_gmt":"2026-01-03T06:25:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92851"},"modified":"2026-01-03T09:30:13","modified_gmt":"2026-01-03T06:30:13","slug":"seventeen-years-since-bitcoins-genesis-block-was-mined","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/seventeen-years-since-bitcoins-genesis-block-was-mined\/","title":{"rendered":"Seventeen Years Since Bitcoin’s Genesis Block Was Mined"},"content":{"rendered":"

On January 3, 2009, an individual or group under the pseudonym Satoshi Nakamoto launched the main Bitcoin network by mining the genesis block containing 50 BTC.<\/p>\n

The hash of this block includes the headline from the British publication The Times: \u201cChancellor on brink of second bailout for banks\u201d<\/em>.<\/p>\n

\"image\"<\/figure>\n

Shortly before the network’s launch, on October 31, 2008, Bitcoin’s white paper<\/a> was published.\u00a0<\/p>\n

The first transaction occurred on January 12, 2009, when Satoshi Nakamoto sent 10 BTC to Hal Finney. Three days prior, Bitcoin version 0.1 software was released.<\/p>\n

The identity of Nakamoto and the motives behind Bitcoin’s creation remain a mystery, intriguing both the crypto community and beyond.<\/p>\n

One likely reason for Bitcoin’s creation was the global financial crisis<\/a> of 2007-2008, marked by the collapse of major investment banks, widespread production declines, falling demand and commodity prices, rising unemployment, and active government intervention in the economy.<\/p>\n

In October 2025, the first cryptocurrency reached a new high of $126,080<\/a>. At the time of writing, digital gold is trading around $90,000, with the market leader’s capitalization at $1.8 trillion.<\/p>\n

Read more about the history of the first cryptocurrency and the possible identity of Satoshi Nakamoto on ForkLog:<\/p>\n","protected":false},"excerpt":{"rendered":"

On January 3, 2009, an individual or group under the pseudonym Satoshi Nakamoto launched the main Bitcoin network by mining the genesis block containing 50 BTC.<\/p>\n","protected":false},"author":1,"featured_media":92852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Seventeen years since Bitcoin's genesis block was mined.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-92851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"203","promo_type":"1","layout_type":"1","short_excerpt":"Seventeen years since Bitcoin's genesis block was mined.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92851"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92851\/revisions"}],"predecessor-version":[{"id":92853,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92851\/revisions\/92853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92852"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}