After 11 Years, A Sleeping Bitcoin Whale Wakes Up With A Large Stash Of BTC

After 11 Years, A Sleeping Bitcoin Whale Wakes Up With A Large Stash Of BTC
фото показано с : zycrypto.com

2021-10-27 11:05

A miner from the 2010 era has spent the accumulated bitcoins after 11 years without touching it.The amount was 50 BTC and after a rise in value, the miner received a reward of 76,249,900%.Miners from the 2010 era with bitcoin stashes are becoming more active in recent years.

After 11 years in hibernation, a bitcoin wallet comes alive with a stash worth around $3 million. The bitcoins at the time of acquisition were worth less than $1, and the astronomical rise in value has resulted in a small fortune for the patient miner.

A Patient Dog Gets The Fattest Bone

On May 17, 2010, a bitcoin miner received 50 BTC and for the next 11 years, left the bitcoin untouched. On October 22, activity was reported on the address as the miner seemed to have cashed in on his reward after a decade while earning a fortune on the side.

In 2010, the entire 50 BTC could have been purchased for under $4 but today, the price of 1 bitcoin goes for over $60,000 which would result in a massive $3 million gain for the miner. This is a staggering gain of over 76,000,000% in just over 11 years if the miner decides to sell off his assets.

At that time, Bitcoin block rewards for miners were fixed at 50 BTC with halvings scheduled for every four years. After undergoing three halvings, the reward per block now stands at 6.25 BTC. Despite the halvings, mining bitcoin has become a lucrative endeavor like never before given the upward price trend of the asset. In fact, it is thought that these halving events are responsible for the increase in bitcoin prices as prices have doubled since the last halving in May 2020.

Other Whales From That Era Exist

Early bitcoin miners before 2011 have garnered a reputation in the ecosystem. Their bitcoins are often referred to as zombie bitcoins because they have stayed put since the day that they were mined. There is speculation that these bitcoins have been lost forever but on the flip side, they might be waiting for the right time to wake up from hibernation.

This belief is hinged on the recent increase in activity from previously unused addresses from that era. According to data from btcparser.com, there have been multiple 2010 miners moving their BTC in recent years. One large whale from that era was found to have moved 6,000 bitcoins and in 2021, saw the movement of 4,250 BTC out of that figure.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96843.87 (-0.12%)
Объем 24H $42.84b
Изменеия 24h: -0.61 %, 7d: -5.67 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1917.47b Rank 1
Цена в час новости $ 58900.49 (64.42%)

years btc miner 2010 era bitcoin 249

years btc → Результатов: 126


44% биткоинов не перемещались более двух лет. Это рекорд с 2017 года

Число биткоинов, которые не перемещались более двух лет, достигло 44% от общего рыночного предложения криптовалюты. Об этом свидетельствуют данные аналитической компании Glassnode. Increased #Bitcoin investor HODLing behaviour: The circulaing BTC supply that hasn't moved in at least 2 years is now at 44% (8M $BTC) – a level we haven't seen in over three years. […]

2020-8-28 17:47


Bitstocks CEO Michael Hudson is Convinced Craig Wright *IS* Bitcoin (BTC)’s Satoshi Nakamoto

As things stand, the search for the real Satoshi Nakamoto rages on nearly a decade after Bitcoin first came into the global financial spotlight— with many individuals over the past decade claiming to be the pseudonymous creator of the world’s largest and most talked about cryptocurrency. However, during the course of the last 2-3 years, […]

2019-3-31 21:36


Фото:

Bitcoin SV’s [BSV] Calvin Ayre and Craig Wright: The story of a one-way bromance?

Humorous opinion:  Bitcoin [BTC] has had an eventful 10 years. However, arguably more exciting than its concept and technology is the hunt for Bitcoin’s elusive creator: Satoshi Nakamoto. Over the years, there have been tons of speculation about the creator’s identity, with some claiming it to be a Japanese professor, while others speculate it to be […] The post Bitcoin SV’s [BSV] Calvin Ayre and Craig Wright: The story of a one-way bromance? appeared first on AMBCrypto.

2019-3-31 14:00


Brand New Study Shows BTC’s Lightning Network (LN) is Suffering From Trust Issues

Over the course of the past few years, many crypto experts had been saying that the Lightning Network [LN] was the scaling solution that the Bitcoin ecosystem had been desperately waiting for. However, as soon this “second-layer payment protocol” started to garner more and more attention globally, a number of security flaws in relation to […]

2019-3-30 21:28


Фото:

Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.

2019-3-30 03:10


Illegal cryptocurrency mining nets over $50 million in a decade, according to analysts

The cryptocurrency ecosystem has been a major target for cybercrime and illegal activities such as online theft and hacking. Cryptocurrency mining is essential for all coins, including Bitcoin [BTC] and Bitcoin Cash [BCH] and over the years, criminals have started to spot loopholes in the system to cash out digital currencies.

2019-3-27 21:30


Bitcoin’s Radical Origins Explained in a Newly Released ‘Digital Cash’ Book by Princeton University

Bitcoin (BTC), the most popular digital asset in the market, was created by Satoshi Nakamoto more than ten years ago with the intention of avoiding the traditional financial system around the world. However, there are many reasons why Bitcoin was created and that are not linked to Satoshi himself. The Real Origins of Bitcoin Finn […]

2019-3-24 17:38


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


Фото:

Bitcoin scammer boasts $760,000 payday through dark web domain squatting

A scammer is claiming to have made 200 BTC ($760,000) through ‘typosquatting’ criminal dark web sites on the Tor network, over the past four years. Typosquatting is a form of cybersquatting – basically sitting on websites under someone else’s brand – that specifically targets users who incorrectly type a website address into their web browser to lead them to a spoof site.

2019-3-21 20:45


Фото:

Mt. Gox Gets Closer to Returning Over 141,000 Bitcoin To Its Users

Mt. Gox is in possession of over 141,000 Bitcoin and more than 142,000 Bitcoin Cash. Does this mean that users will finally get their funds back five years later? Mt. Gox Hodling Funds Worth Over Half a Billion Dollars Ever since the industry was rocked by the collapse of its biggest cryptocurrency exchange in 2014, it’s been a long and painful waiting period for users out of pocket.

2019-3-21 13:30


Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers

Many critics of Bitcoin often argue that its four occasionally five-figure price point is entirely unjustified based on the lack of BTC use in retail. However, over the years, plenty of companies have attempted to nurture the gradual adoption of cryptocurrency by offering to accept payment for goods and services in different digital assets.

2019-3-20 02:00


Last 8 Years USD Lost 99.98% Against Bitcoin: Is US Dollar Following Weimar’s Hyperinflation Path Against BTC?

The US Dollar could be performing in a similar way as Germany’s Papiermark during the hyperinflation period that the currency experienced between 1921 and 1923. The recognized crypto analyst PlanB has uploaded a chart to Twitter comparing the performance of Germany’s Mark and the US dollar against Bitcoin. Is The US Dollar Following The Same […]

2019-3-19 01:19


Фото:

US Dollar Mirrors 1920s Weimar Republic Hyperinflation Against Bitcoin

The Bitcoin price in US dollars has begun exhibiting a trend which closely mimics the price history of Germany’s Papiermark during hyperinflation. Against Fiat, Bitcoin Follows Gold’s Price Trajectory A summary chart uploaded to social media by the cryptocurrency analysis account planB compares BTC/USD over the past eight years with the Papiermark’s value versus the previous gold mark.

2019-3-19 22:00


Most Popular and Famously Favorite Bitcoin Transactions All Crypto Historians Likely Know About

Despite all of the negative things that have been said about Bitcoin by various mainstream media outlets, there is no denying the fact that the flagship digital asset has been able to garner immense mainstream support during the last 3-4 years In this article, we will look at some of the most enduring/famous BTC transactions […]

2019-3-11 19:30


Lighten Up Your Monday with 10 Bitcoin Believer Bull Calls on the Bright Future of BTC’s Value

As is clear for everyone to see, over the past couple of years, digital assets have gained mainstream acceptance across the globe — especially in a number of Asian and European nations. As a result of this, a plethora of well-known individuals from the world of finance, digital tech, and R&D have started to support […]

2019-3-4 19:56


Wired Details an Anarchist Meeting in Acapulco and Helps Explain Cryptocurrencies Along the Way

Although Bitcoin (BTC) has been more than ten years operating in the market, there are many things that must improve before it reaches the masses. In a recent anarchist meeting in Acapulco, Mexico, several individuals show how it is possible to use digital assets in different situations. As Wired wrote a few days ago, Acapulco […]

2019-3-4 23:44


Фото:

Max Keiser: Fed’s ‘Permanent QE’ Flipped Bitcoin Price Bullish (Interview)

Max Keiser shares his thoughts with Bitcoinist on JPM Coin, Warren Buffet’s anti-Bitcoin comments, and what ‘permanent QE’ means for BTC price in the future. Max Keiser: JPM Coin a ‘Hot Steaming Pile of Dog Crap’ Bitcoinist: Are your surprised that JPMorgan revealed its JPM Coin after bashing Bitcoin for years? Max Keiser: JP Morgan is years behind and may never catch up in the cryptocurrency space.

2019-3-2 20:00


Фото:

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

There are many keywords in blockchain, but few spark as much emotion as “decentralization. ” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.

2019-3-1 19:43


Andreas Antonopoulos Says More State-Sponsored Cryptocurrencies are Coming to Eliminate Cash

Andreas Antonopoulos, a Bitcoin (BTC) proponent and the author of Mastering Bitcoin, talked during a Q&A video about state-sponsored digital currencies. During the last years, there have been several analyses performed by financial institutions such as central banks regarding the issuance of central bank digital currencies (CBDC).

2019-3-1 19:37