![\"$8M](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/10\/7-9m-worth-of-sleeping-bitcoin-rewards-from-2010-moved-the-day-before-black-thursday-768x432.jpg\")
<\/p>\n<\/p>\n
Over a half a million dollars worth of bitcoin from a May 2010 coinbase reward was transferred to Bitfinex on October 1. A parser recorded the old coins being spent and since mid-February 2020, roughly 33 so-called \u2018sleeping bitcoin addresses\u2019 from ten years ago have been spent to-date. Interestingly, 20 out of the 33, 2010-issued rewards moved this year were spent the day before \u2018Black Thursday.\u2019 <\/strong><\/p>\n Earlier this week, the software program, Btcparser,<\/a> recorded an old coinbase reward from 2010 getting spent on Thursday, after the 50 bitcoins sat dormant for over a decade. Btcparser is a Telegram and browser bot that was developed in order to monitor the \u201cactivity of so-called sleeping bitcoin addresses.\u201d<\/p>\n Btcparser.com shows three types of parsed data obtained from the Bitcoin (BTC<\/a>) blockchain. The first parser combs the BTC<\/a> blockchain for activity related to 64,529 addresses stemming from 2009 through 2017.<\/p>\n Btcparser\u2019s Telegram channel shows these alleged dead addresses have been recorded since February 13, 2020. A great majority of rewards spent in 2020 on Btcparser\u2019s first list were minted in 2017, 2016, and 2015.<\/p>\n Blocks stemming from 2011, 2012, 2013, and 2014 are rarely spent but have been recorded on a few occasions this year. From mid-February 2020<\/a> until today, 33 blocks with 50 BTC<\/a> coinbase rewards from 2010 were moved after a whole decade. Another block reward from 2009 was also spent this year as well. That\u2019s a total of 1,650 BTC<\/a> (34 block rewards) worth over $17 million using today\u2019s exchange rates.<\/p>\n The last 2010 block of coins moved was transferred on October 1, 2020,<\/a> and it was allegedly sent to a Bitfinex hot wallet. The 2010 block spent last Thursday was originally minted on May 24, 2010, when bitcoin was practically worthless. For instance, the block\u2019s creation was a week after Laszlo Hanyecz successfully traded 10,000 BTC<\/a> for two pizzas.<\/p>\n The last group of bitcoins that were moved stemming from 2010, prior to the October 1st transfer, was on September 22, and September 2, 2020<\/a>. Those 100 old bitcoins (over $1M in value) were issued on September 16, and October 6, 2010.<\/p>\n Out of the total 33, 2010-based block rewards moved this year since mid-February, a single 2009 block reward was transferred on May 20, 2020. This block moved made headlines<\/a> in the media because it was mined only a month after the BTC<\/a> network was first invoked.<\/p>\n However, one story that didn\u2019t make headlines was the massive 20 block rewards (50 BTC<\/a>) transferred on March 11, 2020<\/a>, the day before \u2018Black Thursday.\u2019 March 12 or Black Thursday saw crypto markets decline significantly in value, as bitcoin BTC prices slid -49%<\/a> from $7,648 to a low of $3,870.<\/p>\n Additionally, another 2010 block reward<\/a>, coincidentally mined on March 11 of that year, was also transferred on Black Thursday. It is uncertain whether or not the mined blocks from 2010 that were moved in mid-March were mined by a single entity, but it\u2019s likely that it was the same person.<\/p>\n Furthermore, the BTC<\/a> minted in 2010 spent the day before Black Thursday also saw it\u2019s corresponding BCH moved<\/a> on the same day. The BCH<\/a> spent was worth $271k using bitcoin cash exchange rates<\/a> on March 11, 2020. Moreover, the corresponding bitcoinsv (BSV)<\/a> coins tied to these block rewards were also spent<\/a>.<\/p>\n For some reason before the market carnage on March 12, the 1,050 BTC<\/a> stemming from numerous 2010 block rewards were possibly sold at the top for $8 million. It\u2019s quite possible that the owner of those Satoshi-era bitcoins knew the market would see a big sell-off the next day.<\/p>\n There are a lot of Satoshi-era or so-called sleeping bitcoins that never have moved. Estimates assume there are close to 1.8 million bitcoins<\/a> from old coinbase rewards left unspent that are sitting dormant in wallets.<\/p>\n There were 67,920 BTC<\/a> blocks solved in 2010 with the first block of the year mined at height 32,490. Bitcoin blocks that were mined prior to block height 79,764 were also mined into a single payout address. Blocks mined prior to block height 135,000 saw rewards sent to unencrypted wallets as well. Wallet encryption wasn\u2019t officially added to BTC<\/a> wallet software until July 2011<\/a>.<\/p>\n It\u2019s quite interesting that the miner spent the decade-old bitcoins worth around $527k on October 1, 2020. But what\u2019s even more intriguing is the 20 or so 2010-based BTC<\/a>, BCH<\/a>, and BSV<\/a> blocks spent before Black Thursday.<\/p>\n What do you think about the 2010 block spent on October 1 and the 20 blocks spent in mid-March? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n The post $8M Worth of \u2018Sleeping\u2019 Bitcoin Rewards from 2010 Moved the Day Before \u2018Black Thursday\u2019<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"$8M](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/10\/oct2.jpg\" "\\"$8M")
![\"$8M](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/10\/oct1.jpg\" "\\"$8M")
![\"$8M](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/10\/202010spends.jpg\" "\\"$8M")