After spending 21 coinbase rewards of 2010 on November 7th, another string of so-called “sleeping bitcoins” mined ten years ago was mined ten years ago. According to the data on the chain, starting from 2010, 20 block rewards (1,000 BTC) have been transferred at 4:02 am Eastern Time.
After more than ten years of inactivity, a ton of “zombie coins” was moved in 2020. Zombie coins or so-called “sleeping bitcoins” are a large number of old addresses, none of which have ever used block rewards. It is estimated that there are about 1.5 to 2 million sleeping bitcoins in the address, and these coins have never been moved. It is assumed that most of the sleeping bitcoins are Satoshi Nakamoto, because it is believed that he/she or they mined approximately 700,000 to 1.1 million bitcoins.
When spending coinbase rewards starting in 2010 is very unusual, but there are many witnesses in 2020. After news.Bitcoin.com reported the 21 blocks used on Saturday morning from 2010, the change occurred at about 4:02 AM (Eastern Standard Time) on Sunday morning. The 20 coinbase rewards were all transferred at block height 655,943, and all actions were captured by researchers at Btcparser.com again.
Similar to the way of spending on Saturday, November 7, the coins spent on Sunday also spent the corresponding Bitcoin Cash (BCH). Blockchain browser data also showed that the corresponding Bitcoin (BSV) currency bank reward was not spent.
At 4 o’clock in the morning on Sunday, the move was a $15.5 million Bitcoin gift package ten years ago. As early as 2010, miners discovered that the block reward for blocks was about 50 BTC per reward. All funds from the 2010 block rewards were sent to an address on Sunday morning, news.Bitcoin.com readers can view this address here.
Blockchain explorer Blockchair stated that unlike spending on October 11, October 11, and March 11 before 2010, spending on Sundays has zero privacy. Yesterday’s spending on Blockchair’s Privacy-o-Meter received a 100% privacy score, while Sunday’s spending in 2010 received a zero score. Today’s chairperson data shows that all funds are combined into one address and involve joint expenditures and liquidation.
Compared with yesterday’s string, another similarity with Sunday’s 2010 string is that all basic currency rewards originated in August, September and October 2010.
The analyst pointed out in a conversation with the researchers of Btcparser.com that “Whale is a kind of retail training.” The Btcparser.com analyst said that these tokens could have been sent to the exchange, but they were still idle. He said: “Therefore, everyone may not see a clear link between wake-ups and price adjustments.”
The analyst further added:
People may start to speculate that 1,000 of these bitcoins may cause a price drop…but what will 10,000 bitcoins do?
In addition to the analytical data from Btcparser.com and various blockchain browsers, the “(non)’Satoshi’s Bags’ Tracker” of theholyroger.com also shows the old coins spent on Saturday and Sunday mornings this weekend Visual perspective. .
People often ask how many other miners are mining bitcoins in addition to Satoshi Nakamoto during this period. Ancient social media posts and forums show that during this period of 2010, there were many miners, perhaps hundreds, or even thousands of miners.
In the summer of 2010, especially July, this is the transition period between CPU and GPU Bitcoin miners. For example, the pseudonym Artforz appeared on Bitcointalk.org in July 2010. For some time frame, he claimed to control a quarter of the entire hash rate. In the early days of Bitcoin, he was a frequent developer.
In addition, Laszlo Hanyecz, who traded two pizzas at 10,000 BTC, actually mined Bitcoin with GPUs two months before Artforz. However, Artforz is known for being the first GPU farm called “Artfarm”. In the summer of 2010, Artforz’s farm included 24 Radeon 5970s. He also claimed to have mined 1,700 BTC in six days. In addition, in October, Artforz allegedly owned approximately 20% to 30% of the computing power of the Bitcoin network.
What do you think of the transfer of 20 blocks since 2010 on November 8 (Sunday) after the transfer yesterday? 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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