Bitcoin Miner Wallets Reactivated After Over 15 Years
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
The reactivation of Bitcoin miner wallets from as far back as 2009 has generated considerable interest within the cryptocurrency sector on Friday.
The wallets, inactive for 15 years, contain 250 BTC, representing a present-day value of approximately $15.9 million.
According to on-chain data from Lookonchain, five wallets from 2009, each containing 50 BTC, reactivated within an hour.
Please note that many miner wallets dormant for more than 15.5 years are transferring $BTC!
5 miner wallets have transferred 250 $BTC($15.9M) in the past hour.
These wallets received 50 $BTC($3.18M) as mining rewards per block back in 2009.
Address:… pic.twitter.com/HktJivt7Qy
The crypto funds from these Bitcoin miner wallets were mined shortly after the Bitcoin blockchain’s launch on January 3, 2009.
Blockchain analytics show that one wallet received its mining reward on January 29, 2009, while three others were rewarded on January 31, and the final wallet earned its reward on February 2, 2009 – all before the first Bitcoin halving in 2012.
Back then, the reward for mining a block was 50 BTC, substantially higher than the current reward of 3.125 BTC.
When these coins were mined, they held little to no value. However, Bitcoin’s dramatic price increase over the past decade has turned them into a substantial fortune.
The reactivation of these wallets has drawn attention due to their long dormancy and potential links to Bitcoin’s early adopters.
As news of the reactivation spread, the crypto community began speculating about the wallets’ owners.
Some suggested
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