how the first BTC got created?


#1

hi,
i have been thinking about it for quiet some time now.

as my understanding of how the coin is being created is by mining which its confirming transaction.

lets say we are in the first block of the chain, no one had btc cuz not transaction was made.
so no mining, no earning.

so how the first btc was create if no transaction and no mining was done?


#2

the very first block was the genesis bock…which is a hash of a New York times magazine article talking about the financial crash of 2007…

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

the first block contained transactions to be confirmed using hashing
and it was mined by the cpu finding a script solution to the hash…thus confirming the first transactions within the block
see here: https://en.bitcoin.it/wiki/Genesis_block