On December 27 at around 2 a.m. (EST), another large series of ten-year-old sleeping bitcoins was transferred. The miner issued 20 block rewards, which were originally mined in 2010, and also issued the corresponding Bitcoin cash block rewards. The bitcoins in motion are worth well over $ 27 million at today’s exchange rates.
This year, the price of Bitcoin (BTC) has soared, and over the course of the year, ten-year-old rewards for mining Bitcoin have awakened from sleep. In the cryptocurrency space, old coins that have not been withdrawn for over a decade are sometimes referred to as Satoshi-era coins, dormant bitcoins, or zombie coins. It is estimated that there are well over a million zombie coins that have not been confiscated in over a decade. On December 18, 2020, Onchain researchers from Glassnode tweeted: “1.78 million bitcoins never left their miners address.”
“That’s 9.5% of the circulating bitcoin supply,” said the onchain researchers at the time. “Our analysis shows that 98% of these coins were mined more than 7 years ago and 94% more than 10 years ago. Most could be lost forever, ”added the researchers.
Then, on December 27, 2020, after news.Bitcoin.com reported numerous 2010 old school coin issues, another series of at least 20 block rewards from 2010 was carried over. Again, our team followed the action using the onchain parser web portal Btcparser.com.
News.Bitcoin.com saw the action again with Btcparser.com, an onchain parser that intercepts transactions with “sleeping Bitcoin”.
All of the 2010 block rewards given out on Sunday morning came from coin rewards given out between August and October ten years ago. The 2010 rewards are roughly 1,000 BTC worth more than $ 27 million using today’s exchange rates.
In addition to the ten-year-old BTC that was issued on Sunday, the miner also issued the corresponding Bitcoin money (BCH). The BCH 1,000 comes in at over $ 354,000 at Sunday’s exchange rates. The old school miner did not move the corresponding units of Bitcoinsv (BSV) as the rewards for the BSV coin base currently remain in the address.
This was the case with most of the spending blocks for Coinbase block rewards from 2010 that our news desk achieved in 2020 as the corresponding BSV was not postponed at all.
The (not) “Satoshi’s Bags” tracker (when BTC mined / not issued in 2009-2011) also caught the December 27, 2020 spending on Sunday morning. 20 2010 block rewards were moved to one address, and then the 1,000 BTC was broken into fractions.
News.Bitcoin.com made many old school Bitcoin issues in the Satoshi era, with more than 1,000 BTC being spent each time in 2020. One of the most interesting Bitcoin sleep awakenings was the day before March 12, 2020, also known as “Black Thursday.”
After the series of Coinbase rewards issued in mid-March, another large 21 block string was issued on October 11, 2020. Another ten-year-old coins were issued on October 14th, and then another string of over 20-2010 BTC block rewards November 7th, 2020. The following day, November 8th, a Satoshi-era miner moved another sizable one Series of BTC coin-based rewards that didn’t move for over a decade.
The 2010 20-block series of BTC rewards that carried over today had the lowest privacy rating one can get when spending bitcoins, according to Blockchair’s Privacy-O-Meter. The Sunday 2010 coin base issues had a rare fingerprint, shared issue, and likely sweep, as well as the same address entries.
These issues in particular sent all 1,000 BTC to this address here, but the coins were then fractionally moved after the original consolidation. These particular editions achieved a 90% privacy rating for the Blockchair Privacy-O-Meter because it was sent with a touch more “discrepancy” [or] No output of the same type as the inputs. “
What do you think of the series of old school 2010 block rewards handed out on Sunday morning? Let us know what you think on this matter in the comments section below.
Tags in this story
10 year old coins, 1000 BTC, 2010 blocks, Bitcoin (BTC), Bitcoin Cash BCH, Bitcoins, Bitcoinsv (BSV), Block Rewards, BTC, Coinbase Rewards, Lost Coins, Miner, Satoshi, Satoshi Era Bitcoins, Sleeping Bitcoins, Zombie Bitcoins
Photo credit: Shutterstock, Pixabay, Wiki Commons, Btcparser.com, Bitcoin.com, Holyroger.com,
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