On January 10, an unknown miner transferred 1000 BTC, which had been lying motionless since 2010. This is the seventh such transaction in recent years, the Telegram channel Goldfoundinshit reported.
According to the channel, the sender addresses of all seven transactions are included in the Coinbase exchange cluster. He came to such conclusions after analyzing the structure of conclusions using the OXT blockchain analytics tool.
“Coinbase probably bought the private keys from an early miner. Precisely the keys, since the funds in the blockchain have not previously been moved, ”emphasized in BTCParser.
In December 2020, Glassnode reported that 1.78 million BTC on miners’ addresses had not moved for over 10 years. According to researchers, about 4-5 million more BTC are unavailable due to the loss of private keys or the death of their owners.
1.78 million bitcoins have never left their miner address.
That is 9.5% of the circulating #Bitcoin supply.
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.https://t.co/iTmMsb6Dan pic.twitter.com/3QBmn3jifJ
— glass node (@glassnode) December 18, 2020
On January 3, the miner transferred the sixth batch of ten-year 1000 BTC. On December 28, the community noticed the fifth in a series of similar transactions in recent years.
A similar movement of the early 1,000 BTC with a split of 10 coins was recorded in October. Earlier this month, an unknown user moved 50 BTC that had been lying motionless since 2010.
A similar episode happened in July.
In May, 50 bitcoins, received as a block reward on February 9, 2009, began to move. The network of the first cryptocurrency was working at that time for only one month. One of the miners at the time was the creator of Bitcoin, Satoshi Nakamoto. Many users suggested that he could be the owner of the coins, but analysis of Patoshi’s patterns did not confirm this hypothesis.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
