On Monday, January 25, 2021, at around 2:00 a.m. (EST), the infamous old-school miner from 2010 issued another 21 decades-old block rewards of 1,050 Bitcoin. This may be the same mining company that our news desk has been following for months. The 2010 bitcoin, postponed today, follows the exact same pattern as all of the block reward strings our team has caught waking up over the past decade.
News.Bitcoin.com has been monitoring so-called “sleeping Bitcoins” for some time, which wake up after ten years. In 2020, our news desk found that a large number of old school bitcoin issues from 2010 had been transferred in consecutive rows of 20 to 21 block rewards and all confirmed in a single block.
At 2 a.m. on Monday, which is roughly the same period of time as the other coin base reward strings were spent in the past, 21 block rewards were transferred. Our news desk captured the action using the blockchain parser from Btcparser.com and the visual perspectives of the web portal theholyroger.com. All of these decade-old Bitcoin block rewards contained roughly 50 BTC per block and 999.99 BTC ($ 33.6 million) were consolidated into a single address.
As usual, the 999 BTC was split into several factions again and followed the same movements as the previous string editions. The very last time news.Bitcoin.com reported a large number of block reward issues from 2010, Russian blockchain researcher Issak Shvarts told our news desk that “these bitcoins are now owned by the Coinbase crypto exchange”.
All over $ 35 million worth of coins issued on January 25, 2021 have been confirmed at block height 667,558. In addition, the corresponding BCH (Bitcoin Cash) block rewards were also postponed on Monday. Similar to all other issues in the past, in addition to the transfer of March 11, 2020, the corresponding Bitcoinsv (BSV) was not affected.
Interestingly, this pattern was all from blocks mined in August, September and October in 2010. This is identical to all previous Satoshi era bitcoin transfer strings from 2010 that have been caught in the past. As mentioned above, the BTC block amount 667,558 was issued 21 block rewards as of 2010, and the initial expenses did not follow the 999 BTC that may have been transferred to an exchange.
49.49 BTC was transferred to one address and half of a bitcoin was sent to another address that is still idle. Additionally, just before the 21 ten year old blocks that were issued in block 667,558, two inconsistent 2010 blocks were issued at block heights 667,534 and 667,538. The first editions were unique in that the Coin Base Block Reward was created on December 12, 2010.
December 12th, 2010 is special as it was the very last day that Satoshi Nakamoto wrote openly to the entire Bitcoin community on the bitcointalk.org forum. In the 2010 block editions from December onwards, the corresponding BCH or BSV editions were not taken into account. 19.9 BTC and 30 BTC were sent to two addresses and then split into fractions and likely sent to an exchange.
Currently, from our collective research, we believe that the person who carried over the significant number of strings from 2010 is very likely to be the same entity. It is always roughly the same number of rewards for the 2010 coin base, all mined in the same months and issued ten years later in the early morning hours (EST) at around the same time. The entity always methodologically follows exactly the same pattern and seems to care less about privacy.
Another possible theory associated with this miner could suggest that this person or group of people mined quite a number of bitcoins in 2010. For example, if that person is the same unit, they spent well over 7,000 BTC from 2010, valued at over $ 236 million at today’s exchange rates.
If the company had issued those coins immediately, it would have received far less than $ 236 million for the spot price of each transfer on the day the block rewards were postponed. After recording all of the block rewards issued in blocks 667,534, 667,538, and 667,558 in 2010, a single 50 BTC ($ 1.5M) block reward that was mined on November 5, 2010 was issued at block height 667,629.
What do you think of today’s 1,000 Bitcoin spending from 2010 Block Rewards? Let us know what you think on this matter in the comments section below.
Tags in this story
1050 BTC, 2010, 2010 block reward, 2021, Bitcoin (BTC), Bitcoin’s Inventor, Bitcoins, block rewards, Coinbase, cryptocurrency, decade old rewards, exchange, Genesis block, open market, Bitcoins from the Satoshi era, Satoshi Nakamoto, sleeping bitcoins , White paper, zombie coins
Photo credit: Shutterstock, Pixabay, Wiki Commons, Btcparser.com, Bitcoin.com, Holyroger.com,
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