I'm just starting to write a bitcoin script parser and I am wondering how to get the address from the genesis block? blockexplorer.com shows the coinbase value to be

04ffff001d0104455468652054696d65732030332f4a616e2f32303039204368616e63656c6c6f72206f6e206272696e6b206f66207365636f6e64206261696c6f757420666f722062616e6b73

in the raw block data. But it also shows the receiving address for this transaction to be

1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

How can I derive the address from the raw transaction? I found a page in the wiki that talks about creating an address, but this seems like it is going about the process in a back-to-front order. Surely the address must exist first before the raw block can allocate the mined coins to it?

Please could someone walk me through the steps of deriving the address from the raw transaction script.

I'm just starting to write a bitcoin script parser and I am wondering how to get the address from the genesis block? blockexplorer.com shows the coinbase value to be

04ffff001d0104455468652054696d65732030332f4a616e2f32303039204368616e63656c6c6f72206f6e206272696e6b206f66207365636f6e64206261696c6f757420666f722062616e6b73

in the raw block data. But it also shows the receiving address for this transaction to be

1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

How can I derive the address from the raw transaction? I found a page in the wiki that talks about creating an address, but this seems like it is going about the process in a back-to-front order. Surely the address must exist first before the raw block can allocate the mined coins to it? Otherwise, the blockchain would simply have to allocate mined funds into the ether. The receiving address must have been known to the mining algorithm before it generated the very first mining transaction.

Please could someone walk me through the steps of deriving the address from the raw transaction script.