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While the price of bitcoin stays above $ 21,000 per unit range, four bitcoin block rewards won in 2010 were used for the first time in over 11 years. The four block rewards were won between September and October 2010, and the 200 bitcoins worth $ 4.27 million were transferred to an unknown wallet.
A large number of so-called ‘sleeping bitcoins’ have woken up from hibernation when four block rewards were used at block height 742,183. The old coins used on Friday were block rewards mined on 15, 16, 26 September and 29 October 2010. During this time frame, bitcoin miners received 50 BTC for each block found, as opposed to 6.25 BTC per block reward miners receive today.
The block rewards that were moved came from four addresses that include “18cxWU”, “1BJmWW”, “1FVVcE” and “1Hdo8D.” The expenses in 2010 were captured by the blockchain parser btcparser.com, and at all four addresses the owner did not use the associated bitcoin cash (BCH) and bitcoinsv (BSV) since these coins are still inactive.
Blockchain researchers show that the 200 virgin bitcoins were sent to a single address (bc1q92) and the coins remain inactive at the time of writing. A subsequent number of 2010 block rewards used in the same block suggests that a single unit was probably the owner of the block rewards. Bitcoins that were mined in 2010 over a period of two months (September and October) also suggest that the expenses were incurred by a single entity.
It seems that the addresses were swept, and the transactions have a very low privacy rating for various reasons. Blockchair.com’s privacy-o-meter indicates that the final consolidation of bc1q92 had a privacy score of 0 out of 100. The transactions contained vulnerabilities such as matched addresses, co-spending, and the same address is used in multiple inputs.
There have not been many series of 2010 block rewards since the 2010 mega-whale appeared months ago back in March. The mega whale in 2010 typically used strings of 20 block rewards from that year at a time. Before the series of four block subsidies from 2010 used, a week ago the address “1Li8RF” used 50 virgin bitcoins, and “1LNqDK” used 50 BTC from 2010 about a month ago.
What do you think about the 200 so-called ‘sleeping bitcoins’ from 2010 used on 24 June? Tell us what you think about this topic in the comments section below.
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