120 Bitcoin Block Rewards from 2010 and 2011 Woke Up This Year – News Bitcoin News

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On February 25, Onchain analysts noticed two block rewards for 2010 that carried over after being dormant for over a decade. Lots of old blocks were given out in 2021, and after the large amounts of block rewards from 2010 given out on January 3rd and 10th, another massive series of 20 block rewards from 2010 was postponed on the 25th. In addition to those old bitcoin trains, the 2011 block rewards have also increased in large numbers.

80 Block Rewards From 2010 This year, 4,000 bitcoins worth $ 188 million have been issued

For much of 2020 and through 2021, news.Bitcoin.com and a small group of onchain researchers scoured the Bitcoin Network (BTC) for old-school issues. The technical term “spend” or “spent” simply means that the bitcoins are moved from one address to another individual address or group of addresses. This doesn’t necessarily mean the person has given up ownership of the bitcoins, but most of our 2020 and 2021 discoveries look like they’ve been sold on exchanges.

Some old coins moved today (100 BTC as of June 2010).

It is very rare for bitcoins from before the GPU to move. This has only happened a dozen times in the past few years.

And no, it probably isn’t satoshi. pic.twitter.com/0jZXnmWUes

– Antoine Le Calvez (@khannib) February 24, 2021

At block height 671,986, a group of two 2010 block rewards of 100 BTC were issued on February 25, and a number of publications covered the move. What was formally not noticed is the tremendous amount of 2010 issues this year and the large amount of 2011 moves. Although members of news.Bitcoin.com, Btcparser.com and Russian blockchain researcher Issak Shvarts have thoroughly researched these old school issues.

Following the reports of the 10-year-old 20-block reward spending on the Bitcoin network’s 12th anniversary, news.Bitcoin.com also noted massive 20-block spending from 2010 issued on January 10th. Fifteen days later, and possibly the same suspect, another 25 rewards from 2010 on January 25, 2021 were given out. So far, that particular entity or entities have not moved a large number of bitcoins since then. But there were many individual block reward editions for 2010 and an increasing number of rewards for 2011.

40 $ 94 million block rewards from 2011 Wake from Slumber in 2021

In 2021, 80 block rewards were postponed starting in 2010, totaling 4,000 BTC. It currently uses today’s BTC exchange rates, which include more than $ 188 million worth of old school coins. With Btcparser.com, news.Bitcoin.com counted 40 block rewards from 2011, which were also issued this year. That’s 2,000 BTC that were born in 2011 and are worth around $ 94 million today. The last massive issues from January 25, 2021 can be seen on the “Satoshi’s Bags Tracker” on theholyroger.com.

In the case of the two block rewards issued in 2010 on February 25 at block amount 671,986, the BTC was issued, but the corresponding BCH and BSV remain intact. Similarly, some of the 2011 blocks issued this year only saw the BTC move. Many of the addresses combed during our research in 2011 have still not issued the corresponding BCH and BSV. The person or group who spent the consecutive strings of the 2010 Block Rewards issued the Bitcoin Cash (BCH).

Whatever the case, the sky-high BTC price that jumped above the $ 58,000 rate last Sunday and even where the price is today has resulted in old-school mining whales waking bitcoins from their sleep .

What do you think of all of the old school bitcoin block rewards issued in 2021? Let us know what you think on this matter in the comments section below.

Tags in this story

2010, 2010 Block Reward, 2011, 2011 Rewards, 50 BTC Rewards, Awakening, Bitcoin, Bitcoin (BTC), Bitcoin Blocks, BTC, Btcparser.com, Waking Up Coins, Crypto, Bitcoins from the GPU Era, Satoshi Nakamoto, Satoshi’s Pocket Tracker, theholyroger.com

Photo credit: Shutterstock, Pixabay, Wiki Commons, theholyroger.com, Twitter,

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