250 Bitcoin From 2009 Moved After 12.4 Years — Rare BTC Mined Over a 2-Day Span
On April 7th and 8th, 2022, approximately five bitcoin block rewards mined in 2009 were spent in a concession of transfers. The last time a 2009 block was spent was 1.10 years ago on May 20, 2020. The 250 bitcoin from the latest 2009 spends sat idle for 12.4 years, and the coins were worth $10.8 million at the time of transfer. ‘Sleeping Bitcoins’ From 2009 Rise From Slumber This week blockchain parsers caught some fascinating bitcoin spends that stemmed from 2009 coinbase subsidy rewards. Once in a while parsers catch 2011 transfers and on rare occasions, 2010....
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Bitcoin mining is still one of the hotly debated parts of the blockchain. Miners, no doubt make a good amount for blocks mined given the current price of BTC. But mining difficulty has also gone up as more BTC are mined. In its decade-long history, over 18.6 million of Bitcoin’s 21 million total supply has been mined. This constitutes almost 90% of all BTC’s supply. This leaves a little over 10% of BTC left to be mined. Currently, there are about 2.250 million coins left to be mined. Related Reading | Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End At the current....
Blockchain analysts have identified 100 BTC mined in June 2010 that were moved for the first time today. A veteran miner has cracked open their 2010 stash of Bitcoin, with crypto analysts spotting 100 BTC being transferred from two wallets that had laid dormant for more than a decade.Prior to today’s transaction, the addresses had not seen any activity since receiving a 50 BTC Coinbase reward each nearly 11 years ago, except for two incoming transactions worth just 0.00000547 BTC each that were sent to the wallets in the last six months. The Feb. 25 transaction combined the two mining....
"I'd be a billionaire now if I hadn't sold the 55,000 bitcoins I mined on my laptop in 2009-2010 way too early." Martti Malmi, one of the earliest Bitcoin developers and also known as Sirius, has explained what happened to his once massive crypto holdings since 2009. According to a Friday Twitter thread from the former Bitcoin (BTC) developer, Malmi mined roughly 55,000 coins between 2009 and 2010 when the price was almost zero. Malmi said that he ended up liquidating 5,050 BTC for $5 in October 2009, and losing 30,000 BTC through one of the first Bitcoin exchanges he ran when “there was....
Transaction records in the blockchain show that bitcoins mined during the earliest days of Bitcoin have been transacted during the past year - after remaining 'dormant,' for the most part untouched, since being mined between 2009-2011. The bulk of these 67,000 coins (worth $67mil) were transacted during the months surrounding the Bitcoin all-time-high price in November 2013. Speculation has been brewing as to the reasons why these previously 'dead' bitcoins have moved, and, also, who the owners may have been - some saying that there may have been spends by Satoshi himself. Earliest Coins,....
The Bitcoin network as we know it today officially kicked off exactly 12 years ago when Satoshi Nakamoto released the first software client. Satoshi Nakamoto, the unknown Bitcoin creator, released the first client network on this day 12 years ago, officially kickstarting what is perhaps the greatest monetary revolution of the 21st century. Six days prior, on Jan. 3, 2009, Satoshi mined the Genesis block, known as #0, coding it into the software. Unlike the subsequent blocks in the chain, the coin base reward from the Genesis block cannot be spent, as only publicly mined “coins” can be....