{"id":12562,"date":"2024-04-15T13:24:06","date_gmt":"2024-04-15T10:24:06","guid":{"rendered":"https:\/\/forklog.com\/en\/dormant-miner-moves-3-3-million-in-bitcoin-after-nearly-14-years\/"},"modified":"2024-04-15T13:24:06","modified_gmt":"2024-04-15T10:24:06","slug":"dormant-miner-moves-3-3-million-in-bitcoin-after-nearly-14-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dormant-miner-moves-3-3-million-in-bitcoin-after-nearly-14-years\/","title":{"rendered":"Dormant Miner Moves $3.3 Million in Bitcoin After Nearly 14 Years"},"content":{"rendered":"<p>A miner has moved 50 BTC (~$3.3 million) for the first time, which were earned as a reward for mining a block on April 23, 2010. This activity was highlighted by Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A miner wallet woke up after being dormant for nearly 14 years and deposited 50 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($3.28M) to <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a> 5 mins ago.<\/p>\n<p>The miner earned 50 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> from mining on Apr 23, 2010, and has been holding it to this day.<\/p>\n<p>Address:<br \/>15sxzZ4QSaoiMo5KYH9ab4xQj34yeJmKgb <a href=\"https:\/\/t.co\/DRw9U5Xy8N\">pic.twitter.com\/DRw9U5Xy8N<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1779772457622388937?ref_src=twsrc%5Etfw\">April 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to on-chain data, 17 BTC were sent to an address <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/tx\/63a2d06c4ae9b5a3250a29b4428e2abb180c27964a105b80c0e69973f595cba7\">linked to withdrawals<\/a> from the Coinbase exchange. The remaining amount effectively stayed in the wallet under new credentials.<\/p>\n<p>In January, an unknown Bitcoin whale <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-worth-2-1-billion-moves-after-five-years\">moved 49,866 BTC<\/a> (~$2.1 billion at the time), which had not been moved for five to seven years.<\/p>\n<p>In November 2023, 6,500 BTC, which had been held for six years, were set in motion.<\/p>\n<p>In the second half of 2023, market maker Wintermute recorded a <a href=\"https:\/\/u1f987.com\/en\/news\/wintermutes-otc-trading-volume-surges-400-in-2023\">400% increase in over-the-counter crypto trading volume<\/a> compared to the first half of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A miner has moved 50 BTC (~$3.3 million) for the first time, which were earned as a reward for mining a block on April 23, 2010. This activity was highlighted by Lookonchain. A miner wallet woke up after being dormant for nearly 14 years and deposited 50 $BTC($3.28M) to #Coinbase 5 mins ago. The miner [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1227],"class_list":["post-12562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12562"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12561"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}