Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later, on November 12, the 2010 miner returned again, to transfer another set of 20 2010 Bulk Rewards worth approximately $ 64 million at the time of dispatch.
After Transferring 1,000 Bitcoins 2 Days Ago, the Mega-Whale From 2010 Has Returned Again
Last year, Bitcoin.com News, the members of the Telegram research group GFIS, and the creator of Btcparser.com discovered an extraordinary bitcoin (BTC) whale that spent decade-old block rewards from 2010 in strings of 20 blocks at a time. To date, the whale has transferred a total of 13,000 mined block-derived bitcoins in 2010. Using current exchange rates, it’s nearly $ 1 billion ($ 829 million), but this whale has transferred the 13,000 over different BTC price brackets.
The day bitcoin (BTC) reached an all-time price high on Wednesday, November 10, the mystery whale returned for the first time since June 9, 2021. Two days later, on Friday November 12, the whale returned to spend 1 Another 000 bitcoins from a 20-year-old block rewards chain. These types of bitcoins are referred to as ‘sleeping bitcoins’ because they have not moved from the original address since the day they were mined. There are plenty of “sleeping bitcoins” out there and chain researchers love to uncover spending from 2009 to 2013 because of the age of these blocks.
For instance, the last 2009 block reward transfer derived from a block mined on February 9, 2009, was last year on May 20, 2020. Block rewards from 2010 that have been inactive for more than a decade are also rare to see spent ten years later. , but this particular whale has a large amount of bitcoin mined at that time. So far, this entity has moved 20 block rewards from 2010 on 13 separate occasions (3/11/20 – 10/11/20 – 11/7/20 – 11/8/20 – 12/27/20 – 1/3/21 – 1/10/21 – 1/25/21 – 2/28/21 – 3/23/21 – 6/9/21 – 11/10/21 – 11/12/21).
The 13th mega-whale sighting – 13,000 Bitcoins distributed to date
Today’s block reward spend was another 20 consecutive block rewards from 2010 that have moved to a block height of 709,305. Just like the 20 block reward transfers two days ago, the miner mystery also spent the corresponding bitcoin cash (BCH). The miner did not transfer the 1,000 bitcoinsv (BSV) and those coins still remain idle today. All bitcoins (BTC) were pooled at this address, then the 1000 BTC was distributed to wallets containing 10 BTC per address. The bitcoin cash (BCH) was consolidated into a wallet with 1,000 BCH and those coins were distributed to wallets holding 50 BCH per address.
According to Blockchair’s privacy measurement tool, the transfer of 1,000 BTC from 2010 suffered from “critical” privacy concerns. Five privacy issues were tethered to the whale’s transaction including matched inputs and outputs. Blockchair uses over 100 metrics to measure the privacy scores of Bitcoin transactions. Our onchain research friends at GFIS believe this whale’s movements have been quite interesting.
“This is the 13th alarm clock that our team has noticed, as we are constantly analyzing the Bitcoin blockchain,” GFIS told our press office. “More interestingly, the manner of these awakenings and distributing funds is always the same,” the onchain researchers added. GFIS continued:
The blank bitcoins mined from 2010 are taken, transferred to a P2SH address (which optionally performs the function of an escrow address), and then the funds are distributed mainly between the bech32 addresses in amounts of 10 bitcoins per wallet.
The creator of Btcparser.com also noted that there were very few legacy addresses (7) and a lot more P2SH addresses (65), while the majority were bech32 addresses (125 total – five P2WSH and 120 P2WPKH). “In terms of the distribution of funds, 96 addresses received exactly 10 bitcoins,” the researcher noted. “One received 32, another one received 7.27. And 99 addresses received less than 1 Bitcoin in total (an average of 0.006498879 to be more precise).”
Today’s transfer, if traded for US dollars, the 1,000 BTC reserve was worth $ 64 billion at the time of the transaction. The corresponding BCH was worth $656K at the time of the original transfer.
