Published • loading... • Updated
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 the 600 BTC originated from rewards mined across 12 blocks, finding no connection to Nakamoto despite initial reports from Whale AlertLookonchain identifying seven miner wallets moving 350 BTC.
- Tracing the transfers, Whale Alert observed one reward moved several blocks before the others, suggesting a test transaction preceded the remaining transfers and 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.
Insights by Ground AI
20 Articles
20 Articles
Coins from the early years of Bitcoin cause trouble in the BTC community after a transaction. This is behind the unusual movements. Source: BTC-ECHO BTC-ECHO
Seven Bitcoin addresses, each containing 50 BTC mined in March 2010, have been revived after more than 16 years of inactivity. These wallets have seen their value increase nearly 8 millionfold during this period… The article "7 Bitcoin Addresses Awaken After More Than 16 Years of Dormancy" first appeared on Cryptoast.
Bitcoin's price continues to trade below $80,000 today, while blockchain data shows that 600 BTC held by whales have been moved after 16 years of dormancy.
·Viet Nam
Read Full ArticleCoverage Details
Total News Sources20
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
