Contemporary BTCs to Satoshi. The last known message from Satoshi Nakamotothe creator of Bitcoin (BTC), dates back over 13 years now (as of April 23, 2011 precisely). Despite this interminable time of absolute silence, some are still waiting for the return from the brilliant inventor of the first cryptocurrency. And precisely, this June 27, 2024, a sudden movement of 50 BTC in hibernation since 2010 is much talked about in the cryptosphere.
This Bitcoin Block Reward Mined in 2010 Resurfaces 14 Years Later
The recent and fourth halving of the Bitcoin network has halved the block reward paid to miners to validate the transaction blocks of this blockchain. She thus went from 6.25 to 3.125 BTC.
But between the day of the launch of the BTC network by Satoshi NakamotoJanuary 3, 2009, and its very first halving (on November 28, 2012), the block reward was 50 bitcoins. This would represent more than $3 million at the current price of BTC (compared to less than $200,000 since the last halving).
And blockchain transaction analysts from Lookonchain have just spotted, this Thursday, June 27, a new transaction from a wallet which had received this reward of 50 BTC, dating from this time preceding the first halving. Ce very early minor of Bitcoin, who could technically be Satoshi Nakamoto, received this reward on July 14, 2010 to be precise.
50 BTC from the “Satoshi Nakamoto era” released from their long hibernation
Since that distant time when 1 BTC was worth less than a dollarthe minor in question had not never retouched its block reward. As shown by the transaction monitoring of its BTC address (image below), within a fortnight or so, it will therefore have elapsed 14 ans between the cashing of these 50 BTC in 2010, and their withdrawal today.
In any case, according to Lookonchain, these bitcoins would have been transferred to a wallet address of the crypto-exchange Binance. This miner seems to want to cash in some of his profits after a HODL also long (and undoubtedly at least partially unintentional).
According to the most commonly accepted estimates, it is estimated that 1 million bitcoins block rewards hit by Satoshi Nakamoto. Because he has of course was the first (et almost the only one for months) to validate blocks of its blockchain, and therefore to receive rewards of 50 BTC every 10 minutes (approximately) separating each block of transactions. So there is little chance that this reward, unique on this wallet, was touched by Satoshi himself. In any case, this avant-garde miner has hit the jackpot14 years after mining this then strange “cryptocurrency”.
