13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards – Bitcoin News

A mystery whale sent 20 blocks rewards to 2010 from November 10. This saw 1,000 bitcoins, worth $68,000,000 at the time, move. A second miner, from 2010, returned two days later to transmit another 20 block reward strings from 2010. These were worth about $64,000,000 at the time.

The Mega-Whale of 2010 Returned to Us after It Transferred 1,000 Bitcoins Two Days Before

Bitcoin.com News was founded by the Telegram researchers group GFIS and Btcparser.com. Last year, Bitcoin.com News discovered a remarkable bitcoin (BTC). The whale spent ten years-old block rewards in strings of 20 blocks. The whale has already transferred 13,000 bitcoins derived from 2010 blocks mined. Using today’s exchange rates that’s close to a billion dollars ($829M) but this whale transferred the 13,000 during various BTC price ranges.

Today 20 Block Rewards from 2010, containing 1,000 BTC, were transferred to different addresses.

Bitcoin (BTC), which reached its all-time high price on Wednesday November 10, saw a mysterious whale return to the ocean for the first times since June 9, 2020. The whale returned two days later, Friday November 12th to purchase another 1000 bitcoins using a series of 20 block rewards that date back decades. These types of bitcoins are referred to as ‘sleeping bitcoins’ because they have not moved from the original address since the day they were mined. There are lots of ‘sleeping bitcoins,’ and onchain researchers love to discover spends from 2009 through 2013 because of the age of these blocks.

As an example, the 2009 block reward transfer was made from blocks mined in 2009 on February 9th, 2009. The latest year’s block reward transfer came last May 20th, 2020. It is rare for block rewards to be spent after a period of more than a decade. But this whale does have a substantial amount of bitcoins. So far, this entity has moved 20 block rewards from 2010 on 13 separate occasions (3/12/20 – 10/11/20 – 11/7/20 – 11/8/20 – 12/27/20 – 1/3/21 – 1/10/21 – 1/25/21 – 2/28/21 – 3/23/21 – 6/9/21 – 11/10/21 – 11/12/21).

The 13th Mega-Whale Sighting — 13,000 Bitcoins Distributed So Far

Today’s block reward spend was yet another consecutive 20 block rewards from 2010 that was transferred at block height 709,305. The mystery miner also spent bitcoin cash (BCH), just like two days earlier. The 1,000 bitcoinsv(BSV) were not transferred by the miner and are currently inactive. The bitcoin cash (BTC), which was all that was left, was transferred to the address. After this consolidation the 1000 BTC were distributed to addresses holding 10 BTC each. BCH (bitcoin cash) was also consolidated to a wallet with 1,000 BCH, and the coins were then distributed to wallets that held 50 BCH each address.

During the last two days (11/10 & 11/12), the mega whale spent 2,000 bitcoins. Bitcoin.com News, Btcparser.com and Telegram researchers group GFIS have found 13,000 older-school bitcoins that were transferred between mid-March 2020 and now. Chart via “The ‘Not Satoshi’s Bags’ Tracker on theholyroger.com.

According to Blockchair’s privacy-o-meter tool, the 1,000 BTC move from 2010 suffered from “critical” privacy issues. Five privacy issues were tethered to the whale’s transaction including matched inputs and outputs. To measure bitcoin transaction privacy scores, Blockchair uses over 100 indicators. Our onchain research friends at GFIS believe this whale’s movements have been quite interesting.

“This is the 13th awakening that our team has noticed, as we are constantly analyzing the Bitcoin blockchain,” GFIS told our newsdesk. “More interestingly, the manner of these awakenings and distributing funds is always the same,” the onchain researchers added. GFIS continued:

Taken are the mined virgin bitcoins of 2010, and transferred to a P2SH account (which may perform the escrow function). The funds then are divided between bech32 addresses, in amounts of 10 Bitcoins each wallet.

The creator of Btcparser.com also noted that there were very few legacy addresses (7) and a lot more P2SH addresses (65), while the majority were bech32 addresses (125 total – five P2WSH and 120 P2WPKH). “In terms of distribution of funds, 96 addresses received exactly 10 bitcoins,” the researcher remarked. “One received 32, another one received 7.27. And 99 addresses received less than 1 Bitcoin in total (an average of 0.006498879 to be more precise).”

Today, the transfer, if converted for U.S. Dollars, was worth $64 Billion at the time of the transaction. At the time of original transfer, the BCH equivalent was valued at $656K

How do you feel about the 2010 mining company that spent 20 blocks rewards and 1,000 bitcoins in strings? Please comment below to let us know your thoughts on this topic.

In this story, tags
2010. Block Reward and 2010 Mined Coins. Bitcoin, bitcoin cash. Bitcoin Whales. Bitcoinsv.block rewards. BTC, Btcparser.com. Cryptocurrency. Decade old bitcoins. Mined Coins. Parser. Satoshi Nakamoto. Satoshi-Era Coins. Sleeping bitcoin.

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