On December 27, around 2 a.m. (EST), another large string of ten-year-old dormant bitcoins were transferred. The miner has spent 20 block rewards that were originally won in 2010, as well as the associated bitcoin cash block rewards. The bitcoins moved are worth more than $ 27 million based on current exchange rates.
This year’s price is from bitcoin (BTC) has increased much in value and over the course of the year, ten-year-old bitcoin mining rewards have awakened from their sleep. In the cryptocurrency space, old coins that haven’t moved in over a decade are sometimes referred to as ‘Satoshi era’ coins, ‘dormant bitcoins’ or ‘zombie coins’. It is estimated that there are more than a million zombie coins that haven’t moved in over a decade. On December 18, 2020, on-chain researchers from Glassnode arrived tweeted that “1.78 million bitcoins never left their miner’s address.”
“That’s 9.5% of the circulating bitcoin supply,” said the onchain researchers at the time. “Our analysis shows that 98% of those coins were mined more than 7 years ago and 94% more than 10 years ago. Most can be lost forever, ”the researchers added.
Then, on December 27, 2020, after news.Bitcoin.com reported on numerous strings of old school 2010 coins being issued, another set of at least 20 block rewards from 2010 was carried over. Again, our team caught the action with the help of the onchain parser web portal Btcparser.com.
All of the 2010 block rewards spent on Sunday morning came from coinbase rewards spent ten years ago between August and October. 2010 rewards included approximately 1,000 BTC worth more than $ 27 million based on current exchange rates.
Besides the decade old BTC spent on Sunday, the miner also released the corresponding bitcoin cash (BCH) also. The 1,000 BCH fetches over $ 354,000 USD with Sunday’s exchange rates. The old miner has the corresponding units of bitcoinsv (BSV), like the BSV Coinbase rewards currently remain in the address.
This has been the case with most of the previous 2010 currencies block reward strings that our newsdesk picked up in 2020 as the corresponding BSV has not moved at all.
News.Bitcoin.com has picked up many old ‘Satoshi era’ bitcoin spend that has seen more than 1,000 BTC spent every time in 2020. One of the most interesting dormant bitcoin awakening was the day before March 12, 2020, also known as ‘Black Thursday’.
After the series of coinbase rewards released in mid-March, another large set of 21 blocks was issued on October 11, 2020. More 10 year old coins were released on October 14, and then another consecutive series of more than 20 – 2010 BTC block rewards on November 7, 2020. The next day, on November 8, a ‘Satoshi-era’ miner moved another hefty streak BTC Coinbase rewards that haven’t moved in over a decade.
The series of 20 blocks of BTC 2010 rewards carried over today had the lowest privacy score one can get when spending bitcoins, according to Blockchair’s privacy-o-meter. The coinbase reward issued on Sunday in 2010 featured a rare fingerprint, a co-release, and likely a sweep, and the same address entry.
That release, in particular, sent all 1,000 BTC to this address here, but the coins were then moved in fractions after the original consolidation. That particular release scored a privacy rating of 90% on Blockchair’s privacy-o-meter, as it shipped with a touch more ‘discrepancy’ [or] no output of the same type as inputs. “
What do you think of the series of old 2010 block rewards that were issued on Sunday morning? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Btcparser.com, Bitcoin.com, Holyroger.com,
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