New Study Examines Some of the Richest Bitcoin Wallets: Are They HODLers, Buyers, or Miners?

2018-10-2 04:14

A new study by Diar analyzed wallets with over 200 Bitcoins and worth over $1 million. It found that 42 percent of these wallets had no outgoing transactions during the December 2017 peak. These wallet owners didn’t cash out when the market was high. 27 percent of these wallets had new Bitcoin added to them after December 2017. These Bitcoin owners kept buying while the price of Bitcoin was falling, demonstrating a significant degree of confidence from these investors. Though could these be the wallets of miners, who kept mining, rather than investors?

The study also found that 55 percent of all Bitcoins are within these wallets containing at least 200 Bitcoins, and a third of the Bitcoins in these high value wallets have never been used in a transaction. Of the active high-value wallets, five are known to be managed by major exchanges which together contain over 3.8 percent of all Bitcoins, worth about $4.2 billion.

A whopping 87 percent of all Bitcoins are in wallets containing 10 Bitcoins or more and worth over $60,000 each.

Early Bitcoin Miner Cashes Out 30,000 Coins

Cryptodaily picked up a tweet by a blockchain analyst who spotted a trend in the spending patterns of the early block rewards of Bitcoin. The analyst concluded from the chart that an early miner traded in coins on exchanges that had been mined as early as 2009. Though said miner could well have been mining Bitcoin before 2009 and have only used their newest coins mined so far.

Suggested Reading : Is solo mining Bitcoin still viable? Find out here.

The total sent to exchanges by the mystery miner between December 2016 and January 2018 was 30,000 Bitcoins, which even with Bitcoin’s peaks and troughs, is a very large fortune.

If we take Bitcoin’s value today, at the time of writing, 30,000 Bitcoin is equal to nearly $200 million.

“This miner has been cautious enough to first spend the youngest blocks in their possession as to not reveal the extent of their mining period too much,” said the observer Antoine Le Calvez. “So far, it seems it started mining around Dec 2009, but it could have been earlier.”

Considering the volume of Bitcoin held in early-owned and large wallets, these wallets and their Bitcoins are being closely monitored. Earlier this month it was suspected that a potential Silk Road accomplice had been selling off Bitcoin accumulated from the Silk Road website, around 110,000 Bitcoin in fact.

The post New Study Examines Some of the Richest Bitcoin Wallets: Are They HODLers, Buyers, or Miners? appeared first on UNHASHED.

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Фото:

‘HODLers Be HODLing’: 55% Of Bitcoin Sits in Multimillion Dollar Wallets

Over half the Bitcoin supply sits in wallets holding over 200 coins ($1. 25 million), indicating faith among major bagholders remains, new research released September 17 suggests. Diar: Investors ‘Keeping The Faith’ The data, compiled by cryptocurrency market research newsletter Diar in its latest weekly edition, echoes similar findings from industry researchers appearing throughout 2018.

2018-9-18 19:00


Состоялся релиз Ethereum-кошелька на платформе Wirex

Популярная британская платформа онлайн-банкинга Wirex имплементировала кошелек для второй по капитализации криптовалюты Ethereum. 💠 Wirex #ETH Wallets have landed!💠 The new Wirex #Ethereum wallet allows you to buy, sell and store #Ether (ETH).

2018-9-4 15:12


Фото:

The Daily: Mycrypto Raises $4 million, Islamic Crypto Exchange Sets Foot in Malta

Wallet solution Mycrypto has raised $4 million to build a platform allowing users to create new wallets, the full details of which are in this edition of The Daily. Also, the wallet advertised by software guru John McAfee, Bitfi, is removing the ‘unhackable’ claim from its branding, an Islamic crypto exchange applies for a license […] The post The Daily: Mycrypto Raises $4 million, Islamic Crypto Exchange Sets Foot in Malta appeared first on Bitcoin News.

2018-9-1 13:45