On Saturday, February 27, 2021, news.Bitcoin.com reports on the large number of 2010 and 2011 rewards being spent this year. The report said that the mysterious whale entity we had been hunting had not moved a large range of bitcoins since January 25. reward rewards from 2010, as 1000 bitcoins that were idle for more than a decade were spent.
9,000 decade-old Bitcoins spent since March 11, 2020
Since mid-March, news.Bitcoin.com has been on the trail of an old bitcoin (BTC) miner that has spent a large amount of 2010 rewards. A block reward is an incentive a bitcoin miner gets to find a block in the Bitcoin blockchain and before 2012, all rewards were 50 BTC per block. Furthermore, the technical term “spend” or “spend” simply means that the owner has moved the coins, but this does not necessarily mean that the bitcoins have been “sold” to another owner.
Our report on Saturday showed that there are 80 block rewards from 2010 spent this year. Interestingly, 40 block rewards from the 2011 days were also spent in 2021. On Sunday, February 28, 2021, following our last report, from 2010 the whale miner again spent twenty block rewards at block height 672 501. It is assumed that the mystery miner is seeking attention.
Our last study also mentioned the mega whale or a group of whales that have been spending these middle blocks since mid-March in strings of 20 blocks per transfer. Our team of researchers from Btcparser.com and the Russian blockchain researcher Issak Shvarts have discovered a total of 9 spending strings since 2010.
All the strings use the same exact pattern of spending in concessions of 20 consecutive decades old blocks. The spending of 20 block reward series from 2010 took place on 11 March 2020, 11 October, 7 November, 8 November, 27 December, 3 January 2021 (Bitcoin’s anniversary), 10 January, 25 January and today (Sunday 28 February 2021) as well.
This is a total of 180 block rewards and each contains 50 BTC per block. The person (s) always consolidate the bitcoins into a single BTC address and then the coins are then distributed in fractions. Usually all the strings of used blocks occur from July 2010 to November 2010, and the currency base dates are always the same months.
The block explorer oxt.me also shows that the 2010 whale’s pattern of spending habits is always the same. One researcher who discussed the topic with our news desk yesterday said: “Maybe they have a special application, a script, that is not really flexible and maybe only gets 20 private keys at a time, but a list of reception addresses. “
Whether the spending solutions are not flexible, or that the whale is bending and wants to pay attention
The Blockchair privacy meter shows that first spending on the mystery miner is always susceptible to tools for heuristics and transactions. The spending of the 2010 series always has a “rare fingerprint”, “co-spending”, “same address in input” and “sweeping” techniques.
After the first consolidation, the transactions get dark from here on out and privacy is increased from 0 to 100 points according to Blockchair statistics. Issak Shvarts believes that many 2010 strings that followed exactly the same spending pattern were probably sold on the San Francisco exchange Coinbase.
In addition, the mysterious miner or miners also spend the corresponding bitcoin cash (BCH), except for the specific mid-March-decade-old string spending. Furthermore, the mining company never moves the corresponding bitcoinsv (BSV), except for the one time on March 11th.
Either way, the old school whale or whales rewarding the strings of 2010 seem to want attention. Unless the whale is forced to use a non-flexible spending script or strange spending habit, our inference so far is that the whale is a showpiece and definitely wants the attention of the public.
It is quite coincidental that our news desk wrote yesterday: “So far this particular entity or entities have not moved a large range of bitcoins since”, and then the whale spends another string of 20 block rewards from 2010 (1,000 BTC ). . We also know that on October 11, the entity or entities sent 9.99999943 BTC (worth $ 114,000 at the time) to the Free Software Foundation and another 9.999 BTC to the American Institute for Economic Research (AIER).
The whale has spent about 180 decade old rewards to date, adding about 9,000 BTC. That’s more than $ 400 million bitcoin with exchange rates on Sunday, February 28, 2021.
What do you think of the 9,000 bitcoins from 2010 spent since March 11, 2020? Let us know what you think of this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, theholyroger.com/satoshi-bags-tracker, Btcparser.com,
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