Bitcoin celebrates birthday

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Bitcoin celebrates its 9th birthday

Yesterday was nine years since the very first crypto currency in the world – Bitcoin was launched. That day, January 3, 2009 at 18:15, the first genesis-block of Bitcoin was mined.
The first block contained 50 Bitcoins, which were mined by Satoshi Nakamoto on his own computer. It should be noted that the hash of the first Bitcoins partly consists of the text “The Times 03 / Jan / 2009 Chancellor calls on the bailout for banks”. This phrase is a reference to the title of the article in The Times. This publication was devoted to the Minister of Finance of the United Kingdom, Alistair Darling. In the 2008 crisis, he was forced to expand the program to save banks that could go bankrupt in times of crisis.
For the first time Bitcoin’s price for the dollar began to be published on October 5, 2009 on the New Liberty Standard website. At that time, $1 was estimated at 1310 Bitcoins. The price was calculated by the formula: the average power consumed by the processor was multiplied by the cost of electricity in the US and was divided by the number of Bitcoins generated by the computer of the creator of the site.
However, the first transaction in the BTC / USD pair took place only after 6 months. Bitcoin was sold for fiat money on April 25, 2010. 1000 BTC were sold at a price of $ 0.31 per Bitcoin.
After 9 years, one Bitcoin costs more than $ 15,500, and its popularity around the world has reached a fantastic level. And this is despite the fact that many states are trying to fight against cryptocurrencies with various bans and strict regulation of the industry.