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2 2010 ‘Sleeping Bitcoin’ Block Rewards Wake Up After Being Inactive For Over A Decade CryptoBlog

2 'Sleeping Bitcoin' Block Rewards From 2010 Wake up After Sitting Idle for More Than a Decade

Over the past week, bitcoin’s USD value has fallen almost 9%, from $44,239 per unit two days ago to below $40,000 on Friday. Meanwhile, in the past 24 hours, two dormant bitcoin block rewards from 2010 have woken up after more than a decade of inactivity. The 100 bitcoins minted at the start were sent without privacy concerns and were worth over $4 million at the time of the transfer.

Blockchain Parsers Catch 2 block rewards from 2010 Move 100 Bitcoin

  • In the past 24 hours, two Bitcoin (BTC) block grants from 2010 were captured by blockchain analyzers, after addresses transferred 100 bitcoins. During transfers, BTC was trading hands for around $40,000 per unit.
  • The first transaction caught by btcparser.com was a 50 BTC coinbase reward which was minted on July 14, 2010 or more than 11 years ago. The transaction was transferred to an empty address which now contains 49.99000615 BTCand was confirmed at block height 723 812. The transfer was analyzed by btcparser.com on February 17, 2022 at 22:01 (UTC).
2 block rewards
The yellow dots surrounded by red represent the two block rewards from 2010 that were transferred on Thursday and Friday.
  • Metric from blockchair.com gave the first transaction a privacy score of 0, which is a “critical” privacy rating. Blockchair.com says the transfer had “four discovered privacy vulnerabilities involved in this address.” For example, “matching addresses” have been identified in the BTC transaction.
  • The next block reward worth 50 BTC was also grabbed by btcparser.com on February 18, 2022 at 2:00 p.m. (UTC). Confidentiality on this particular transfer was a bit higher, as it scored a 45 according to Blockchair.com’s privacy meter. “Three vulnerabilities [were] discovered for the confidentiality involved in this address”, including the “matching addresses”.
  • Both BTC block grants of 50 bitcoins per reward were both issued two days apart. While Thursday’s first spent transaction was minted on July 14, 2010, Friday’s transfer was a block reward minted two days later on July 16, 2010.
  • There weren’t as many 2010s BTC block grants spent in 2022. There were a block reward of 50 BTC of 2010 spent last month on January 22, and the funds transferred in the amount of block 719 822. So far, the two spends passed on Thursday and Friday of this week were the only two block rewards from 2010 transferred this month. The total since the first of the year is equivalent to approximately three global awards from 2010 spent in 2022.
  • 2022 did not see the mystery whale of 2010 that transferred thousands upon thousands of former block rewards minted that year.
  • In addition to the two 2010 block rewards spent on February 17 and 18, btcparser.com caught 100 BTC from June 21, 2011, transfer to another wallet after more than a decade at block level 723 909.

Keywords in this story

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What do you think of the awakening of the two 2010 bitcoin reward blocks and the 100 bitcoins from that time transferred in the last 24 hours? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Manager at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News about disruptive protocols emerging today.




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