600 BTC Mined in 2010 Moves After 16 Years of Dormancy
Whale Alert said the 12 mining rewards were worth about $48 million and found no connection to Satoshi Nakamoto.
- On Saturday, 12 dormant Bitcoin addresses moved a combined 600 BTC, worth about $48 million, after more than 16 years of inactivity, according to onchain data reviewed by Cointelegraph.
- This movement reignited speculation regarding a potential link to Satoshi Nakamoto, as the coins date to March 2010, when the pseudonymous creator was still actively involved in Bitcoin development.
- Whale Alert identified that the 600 BTC originated from rewards mined across 12 blocks, clarifying its research found no connection to Nakamoto despite initial reports from Whale AlertLookonchain identifying seven miner wallets moving 350 BTC.
- Analysis of the transaction pattern revealed one reward moved several blocks before the others, suggesting a test transaction occurred before the remaining transfers, confirming the blocks paid a 50 BTC subsidy.
- Since these coins were earned, the Bitcoin mining subsidy has been cut in half four times, falling from 50 BTC to the current 3.125 BTC per block as of April 2024.
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600 Bitcoin Mined in 2010 Move After More Than 16 Years
What Happened To The Dormant Bitcoin? Twelve Bitcoin addresses holding a combined 600 BTC moved their coins on Saturday after remaining inactive for more than 16 years, drawing attention because the assets were mined during Bitcoin’s earliest period. The transferred Bitcoin was worth roughly $48 million at the time of the movement. Blockchain tracking platform Whale Alert traced the coins to 12 separate mining rewards generated in March 2010, wh…
Bitcoin Whale Shifts 1,260 BTC as 75 Casascius Coins Are Peeled
Following the 2010 dormant bitcoin wallets that shifted 600 vintage BTC from the Satoshi-era, another whale with a wallet first created in 2016, shifted 1,260.77 BTC worth over $100 million at block height 965770. Decade-Old Bitcoin Stash Turns Into $100 Million Fortune At first, September was witnessing a slowdown of dormant bitcoin moves in comparison […]
600 BTC Mined in 2010 Moves After 16 Years of Dormancy - Invest In Crypto News
Bitcoin mined in 2010 moved from long-dormant addresses after more than 16 years, reigniting speculation over a possible link to Satoshi Nakamoto. A dozen addresses holding a combined 600 Bitcoin (BTC), worth about $48 million, moved the coins on Saturday after more than 16 years of dormancy, according to onchain data reviewed by Cointelegraph. Whale […]
600 Bitcoin From 2010 Surfaces With No Satoshi Connection, Identity Unknown
Six hundred Bitcoin moved last weekend. Just like that, after sitting completely untouched for more than 16 years, coins mined… Read the original on 600 Bitcoin Moved After 16 Years; No Link to Satoshi Confirmed. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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