10-Year-Old Block Rewards Wake Up: Data Parsers Catch a String of 1,000 ‘Satoshi Era’ Bitcoins from 2010 Spent Today | Bitcoin News

Bitcoin.com

On December 27, at around 2 a.m. in the morning (EST), another large string of decade-old sleeping bitcoins was transferred. The miner spent 20 block rewards that were originally mined in 2010, and also spent the corresponding bitcoin cash block rewards as well. The bitcoins moved are worth well over $27 million using today’s exchange rates.

This year, the price of bitcoin (BTC) has increased a great deal in value and during the course of the year, decade old bitcoin mining rewards have woken up from slumber. In the cryptocurrency space, old coins that haven’t moved in over a decade are sometimes referred to as ‘Satoshi-era’ coins, ‘sleeping bitcoins,’ or ‘zombie coins.’ Estimates think that there are well over a million zombie coins that haven’t moved in over a decade. On December 18, 2020, onchain researchers from Glassnode tweeted that “1.78 million bitcoins have never left their miner address.”

How To Get Free Crypto  

“That is 9.5% of the circulating bitcoin supply,” the onchain researchers said 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 could be lost forever,” the researchers added.

Then on December 27, 2020, after news.Bitcoin.com has reported on numerous strings of old school 2010 coins being spent, another string of at least 20 block rewards from 2010 were transferred. Again, our team caught the action with the help from the onchain parser web portal Btcparser.com.

News.Bitcoin.com once again caught the action leveraging Btcparser.com, an onchain parser that catches ‘sleeping bitcoin’ transactions.

All of the block rewards from 2010 spent on Sunday morning stemmed from coinbase rewards issued between August and October ten years ago. The rewards from 2010 include approximately 1,000 BTC worth more than $27 million using today’s exchange rates.

In addition to the decade-old BTC spent on Sunday, the miner also spent the corresponding bitcoin cash (BCH) as well. The 1,000 BCH is fetching over $354,000 USD using Sunday’s exchange rates. The old school miner did not move the corresponding units of bitcoinsv (BSV), as the BSV coinbase rewards currently remain in the address.

Coinbase Banner  

This has been the case with most of the prior 2010 coinbase block reward strings of spends our newsdesk has caught in 2020, as the corresponding BSV has not been moved at all.

The (Not) “Satoshi’s Bags” Tracker (When 2009-2011 Mined BTC Was Spent/Unspent) has also caught the December 27, 2020, spends on Sunday morning. 20 block rewards from 2010 were moved into one address and then the 1,000 BTC was broken up into fractions.

News.Bitcoin.com has caught a lot of old school ‘Satoshi era’ bitcoin spends that saw more than 1,000 BTC spent every time in 2020. One of the most interesting sleeping bitcoin awakenings was the day before March 12, 2020, otherwise known as ‘Black Thursday.’

Following the string of coinbase rewards spent in mid-March, another large 21 block string was spent on October 11, 2020. More decade-old coins were spent on October 14, and then another consecutive string of over 20 – 2010 BTC block rewards on November 7, 2020. The following day, on November 8, a ‘Satoshi-era’ miner moved another sizable string of BTC coinbase rewards that did not move in over a decade.

FreeBitcoin Banner  

The 20-block string of BTC rewards from 2010 transferred today had the lowest privacy score one can get when spending bitcoins, according to Blockchair’s privacy-o-meter. The 2010 coinbase reward spends on Sunday had a rare fingerprint, a co-spend and likely a sweep, and the same address inputs.

That spend, in particular, sent all 1,000 BTC to this address here, but the coins were then moved into fractions after the original consolidation. That particular spend scored a 90% privacy rating on Blockchair’s privacy-o-meter, as it was sent with a touch more “discrepancy [or] no output of the same type as inputs.”

What do you think of the string of old school 2010 block rewards spent on Sunday morning? Let us know what you think about this subject in the comments section below.

Tags in this story
10-year old coins, 1000 BTC, 2010 blocks, Bitcoin (BTC), bitcoin cash BCH, Bitcoins, Bitcoinsv (BSV), block rewards, BTC, Coinbase Rewards, Lost Coins, miner, Satoshi, Satoshi Era Bitcoins, sleeping bitcoins, Zombie Bitcoins

Image Credits: Shutterstock, Pixabay, Wiki Commons, Btcparser.com, Bitcoin.com, Holyroger.com,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Go to Source
Author: Jamie Redman


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.