Another strange string of 20 Bitcoin Block Rewards from 2010 was issued on January 10th after sitting idle for over ten years. Spending on 1,000 ten-year-old bitcoins, valued at over $ 39 million today, follows the most recent string of 1,000 units transferred from bitcoin on the 12th anniversary of the start of the bitcoin block.
Seven days ago, starting in 2010, an old-school miner gave out 20 block rewards that contained roughly 1,000 ten-year-old bitcoins. The interesting editions took place on January 3, 2021, on the 12th anniversary of the start of the Bitcoin network.
After this series of block rewards was postponed for 2010, a block created on June 21, 2010 at block height 665,055 was issued on Friday January 8th, and was likely a different entity from the mysterious miners news, Bitcoin.com has been following since March 2020. Two days later, after spending a single block, it appears that the mystery miner has once again issued massive 1,000-decade-old bitcoins that have been idle for ten years.
Today’s 1,000 Bitcoin issues were caught by Btcparser.com and Russian Researchers from @gfoundinshit Team.
On Sunday, exactly one week later at 1:08 a.m. (EST), 20 block rewards were transferred to this abbreviated address “3Fwhd”. News.Bitcoin.com used the onchain blockchain parser Btcparser.com, which caught the movements of the “sleeping Bitcoin” again on Sunday morning. The consolidation address, which once contained 999.999 BTC, or over $ 39 million at today’s exchange rates, shows that the coins were then sent to multiple addresses.
Just like the previous series of block rewards from 2010 carried over on Bitcoin’s 12th anniversary, the coins have been split into fractions of 10 BTC per address. At the time of going to press, the Bitcoin addresses with 10 BTC worth approx. 395,000 USD each remain immobile and remain inactive. It is likely that later today, similar to the previous 2010 editions, the 10 BTC addresses will also be drained.
Today’s $ 39 million spend on decades-old coins was also tracked on theholyroger.com web portal, which shows a visual perspective.
As usual, the mystery miner also issued the corresponding Bitcoin Cash Cash (BCH) block rewards. Just like the last string moves of the 2010 block rewards, the Bitcoinsv (BSV) won’t stay issued. Similar to the previous ten-year-old editions of 20-block strings, today’s 1,000-bitcoin train came from blocks that were mined in August, September, and October 2010.
Issak Shvarts, a Russian blockchain researcher @gfoundinshit Team said he thinks, “these bitcoins are now owned by the Coinbase crypto exchange.” “The assumption is based on a completely analog consolidation mechanism of 1,000 BTC (for all seven cases discovered so far) and clusterization details from the Blockchain Explorer oxt.me. This image is from the move of 1,000 bitcoin on January 3rd, 2021 and the bitcoins were owned by Coinbase, but now some or all of them could be sold to new owners.
In addition to the analyzed data collected by Btcparser.com, the web portal on which the “Satoshi Bags Tracker” is located shows a visual perspective of the 2010 issues. These particular issues of 1,000 coins were similar to the series of coins released on March 7th and 8th November 2020, as the two movements of 1,000 Bitcoin occurred over a period of two days in a row.
There were a number of coincidences and circumstantial evidence that led this reporter to believe that all expenses for 20-21 block rewards from 2010 came from the same entity. The miner’s or group of miner’s blocks’ rewards are all from the same months ten years ago, and usually the transfers are very early in the morning (EST).
After splitting the previous 1,000 BTC issues, the coins were issued at the 10 BTC addresses hours later. The same pattern occurred with all of the other previous 2010 block reward output strings. Furthermore, the corresponding Bitcoinsv (BSV) from the previous string outputs remain unaffected.
Whoever the old school miner has collected a large number of block rewards since Satoshi Nakamoto was still spending time with the community. So far, around 43 block rewards from 2010 have been given out in 2021, all of which were given out in the first week of the new year. Since March 12, 2020, also known as “Black Thursday”, this company has issued a total of seven issues for strings from 2010 onwards.
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.
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1000 BTC, 12th anniversary, 20 blocks, 2010, 2010 block reward, 2021, Bitcoin (BTC), start of the Bitcoin network, Bitcoin’s Inventor, Bitcoins, Block Zero, cryptocurrency, Genesis Block, January 10, 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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