Around five of the 2009 bitcoin block rewards were used in concessions of transfers on April 7th-8th 2022. It was May 20, 2020 that the last block of 2009 was spent. The 250 bitcoins from 2009’s most recent spends were left inactive for 12.4 years. At the time of the transfer, the coins had a value $10.8 million.
‘Sleeping Bitcoins’ From 2009 Rise From Slumber
Blockchain parsers captured some interesting bitcoin transactions this week that were triggered by 2009 coinbase subsidies rewards. Sometimes, parsers will catch 2010 transfers. Rarely are there any 2010. But none are as rare as 2009 block rewards, and these blocks become far more interesting because they are much closer to Bitcoin’s creator Satoshi Nakamoto. On May 20, 2020, someone transferred the 2009 block reward to block 3654.
After 12.4 years dormancy, 2 block rewards were transferred to their new owners 687 days later, on April 7, 2022. It was 2:25 am (UTC) on April 7th. The coinbase reward originally came from a November 23rd block. While the block reward was only issued that day, the four subsequent block rewards were released on November 22 2009. Officially, the block height of 730,784 was where 50 BTC, or Block reward 27,811, were transferred.
Following that spend, Btcparser.com’s blockchain parsers caught another 2009 block reward transferred at block height 730,787. Block 27,749. This block reward was born November 22, 2009. The miner 12 years ago decided to purchase three additional concessions of the same block rewards on the next day, at block height 730.907. Each of these block rewards was spent within the same block, and all three were used together. The 150 BTC transfer originated November 22, 2009.
Analytics show sender used little privacy, block 3,654 remains in dormant addresses
Blockchair’s privacy tool gives the first transaction a very poor rating of “critical” as the transfer was sent with zero privacy tactics. In fact, all four of the 2009-related transactions had “critical” privacy ratings at zero except for one particular transaction, block reward 27,694. Blockchair’s privacy tool gave that specific transfer an 85 rating and only two privacy vulnerability issues. One issue was that “matched addresses” were identified in the transfer, as the tool says it “identified which of the recipient addresses possibly belong to one or more senders.”
A second interesting fact to be noted is that the person who owned the 250 Bitcoins total did not spend either the bitcoin cash or bitcoinsv associated with the original addresses. Additionally, 250 BTC did not get split into multiple addresses. Each send was received by two recipients. The May 2020 block spending was similar in that the reward from block 3354 was only sent out to two recipients. The 50 BTC that was spent on this day is still in storage and hasn’t moved since.
How do you feel about these five blocks rewards? Comment below to let us know your thoughts on this topic.
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