At around 12:37 am on November 7th (Eastern Standard Time), another string of so-called “sleeping bitcoins” moved for the first time since 2010. The strange movement comes from 20 blocks since 2010, spending about 1,000 BTC ($15.5 million) in one block.
2020 is a crazy year, and it is also true in the Bitcoin world. This year, a lot of Bitcoin addresses for a decade called “sleeping bitcoin” or “zombie coin” have been spent. On October 14, news.Bitcoin.com reported that after 21 block rewards were spent on October 11, an old coin pool reward was spent.
After spending on October 14th, another 4 coinbase rewards from 2010 were spent a few days later. On October 17, 25, 29 and November 1, about 200 BTC since 2010 was transferred.
None of the small transfers in the last two weeks matched the 21 block rewards that matched the 2010 large transfers on October 11. The last series of 21 blocks also matched the same spending pattern that occurred on the day before March 12. Black Thursday. On the day before March 11, 2020, the 21 coinbase-based rewards generated in 2010 will be moved with the corresponding fork.
To this day, this is still the case, because a bunch of rewards from the coin bank were transferred on Saturday morning. The 20 blocks since 2010 were originally captured by researchers from the blockchain crawler web portal Btcparser.com.
About a few minutes at 12:37 in the morning, 20 unused blocks since 2010 were moved. At the time of writing, at today’s exchange rate, the transfer of 1,000 BTC is worth approximately $15.5 million. The owners of these 20 blocks also spent the corresponding Bitcoin Cash (BCH) blocks. However, as of now, the corresponding Bitcoin (BSV) block has not been used and is still idle.
By November 7, 2020, all 20 BTC blocks were spent at block height 655,788. All Bitcoin Cash (BCH) currency rewards (worth $250,000) are combined into one address. $15.5 million or 999.99 BTC was merged into one address, and then the coins were sent piecemeal to other addresses.
Similar to the so-called “sleeping bitcoin” wake-up string in mid-March and mid-October, the 20 blocks spent on November 7, 2010 may be the same owner. Data from the Privacy-o-Meter of the blockchain browser Blockchair shows that the privacy score of the 1,000 BTC expenditure sent today is “100”.
All block rewards spent on Saturday morning were mined in August, September and October 2010. The string of these blocks can be viewed on Btcparser.com, but the “(non)’Satoshi’s Bags’Tracker” portal site theholyroger.com can be found on the Internet. It also shows the expenditure in 2010 from a chart perspective.
So far, based on in-depth research in the past few weeks, news.Bitcoin.com reports that starting in 2010, at today’s exchange rate, there have been approximately 80 block rewards worth more than $62 million.
There is no certainty as to why these so-called “sleeping bitcoins” are transferred from the era of Satoshi Nakamoto today, or whether these coins are sold on the open market.
What do you think of the 20 blocks in 2010 transferred on the morning of November 7th (Saturday)? Let us know your thoughts on this story in the comments section below.
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2010 block reward, 2010 block, 2010 mined coin, 2020, Bitcoin, Bitcoin (BTC), Bitcoin Cash BCH, Bitcoinsv (BSV), block reward, Blockchair, Blockchair Privacy-o-Meter, BTC, Btcparser .com, Cryptocurrency, Digital Assets, Mined Coins, Mobile Coins, November 7, 2020, Parser, Satoshi Nakamoto, Satoshi Nakamoto coin, sleeping Bitcoin, used up
Picture Credits: Shutterstock, PNG, Wiki Commons, Btcparser.com, Bitcoin.com, Holyroger.com,
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