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Topic: 12 years ago mined 50 Bitcoin just moved (Read 1047 times)

mynonce (OP)

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12 years ago mined 50 Bitcoin just moved

August 22, 2022, 11:58:12 PM
Last edit: August 23, 2022, 12:31:57 AM by mynonce

Merited by The Cryptovator (5), LoyceV (4), hugeblack (4), vapourminer (3), DdmrDdmr (3), hosemary (2), famososMuertos (1), smartaction (1)

12 years ago mined 50 Bitcoin just moved from address 18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS to 1Jr5UBqpQL63BwMgChK653q6pCrwrKVkzg (49.49999994 BTC) and 35tostxpUGa3NAzuuWMUjPF7jJacZ2FzGS (0.5 BTC) and used 0.000011 BTC fees. The transaction includes 2 dust inputs (0.00000547 BTC each, sent in 2020 and 2021), whoever sent them to this address and maybe thought that they won't move

Bitcoin address: 18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS

mined: Jul 12, 2010 5:15 PM UTC - Coinbase Block id 65,974
txid: e791dd210ff6cfff912d6b1c6f4194df6ef79485580a01335b8e4840a5cf1940

moved after 12 years: Aug 22, 2022 1:31 PM UTC
txid: 4b18f0224cf7607d962e6b1e40b07128c8aca0daa7ede146787a1aca9cdac4bd

Valued 0.50 USD at the time of mining, more than 3 million USD last year and ~1 million USD now ... congratulations to the owner!

btw. it wasn't me

nullama

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 04:58:31 AM

Interesting, thanks for sharing.

I wonder why they're still using an older address(the ones that start with 1 or 3), and not a new one (the ones that start with bc1).

My guess is that this is someone that found an old miner PC or something like that, and moved the coins around using the same configuration/wallet.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 06:04:24 AM

Just imagine for one moment that this is Satoshi Nakamoto and that we will see those coins being donated to the trust that are defending the developers against FakeToshi (CW).... it will be the best evidence that CW is not Satoshi Nakamoto. Grin

It is just great to see that people still access those early coins and that they are not lost or inaccessible. Yes, the hoarders of coins will be happy if those coins stay out of circulation, because it increase the value of their coins... but we need more coins in circulation to promote Bitcoin as a currency. Wink

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 06:30:24 AM

Wow maybe the owner didnt realize that he has a bitcoin that mined before and only think of it when he saw news on bitcoin and its price now. He is now a millionaire instantly.

Quote from: nullama on August 23, 2022, 04:58:31 AM

I wonder why they're still using an older address(the ones that start with 1 or 3), and not a new one (the ones that start with bc1).

Thats legacy supported or segwit I think. I think its fine, even a lot of users still using some of those btc type of wallets. Even exchange still has legacy supported deposit address.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 06:39:21 AM

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Quote from: Kakmakr on August 23, 2022, 06:04:24 AM

That would be interesting but considering this was the reward for block #65,974 mined in July 2010, it is more likely this block was mined by anybody other than Satoshi Nakamoto. Besides if Satoshi wanted to show any support he would do what all those miners did last year and signed a message announcing that CSW is a scumbag scammer.
https://www.coindesk.com/policy/2020/05/25/craig-wright-called-fraud-in-message-signed-with-bitcoin-addresses-he-claims-to-own/

P.S. I wonder if the owner is going to claim the shitcoin airdrops, there's more than $8k worth of shitcoins in that address ($6k bcash + $2.7k bcashsv + some smaller shitcoins).

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 06:59:21 AM

To have 50 bitcoins untouched for so long requires patience. And money too, because I can't imagine someone having trouble making ends meet and having 50 bitcoins untouched. Another possibility is someone who somehow lost their private keys and found them again or something like that.

It's always the same with Satoshi. When old bitcoins are moved, there is always speculation that it is him, but I don't think he is going to touch the first bitcoins he mined.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 07:03:45 AM

Quote from: mynonce on August 22, 2022, 11:58:12 PM

Sleeping wallets now beginning to activate. This goes to show how patient one could be to get more value to an asset. The owner of that wallet did just well. Congratulations to whom ever own that wallet.
Patience is a virtue.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 07:33:44 AM

Quote from: mynonce on August 22, 2022, 11:58:12 PM

whoever sent them to this address and maybe thought that they won't move

Dust are mostly sent to track the address movement. You can check a lot of small BTC tx in many old addresses and they are sent for the same purpose, tracking the address.

I don't see why people make a lot of noises when they see a tx from an old address. Its the same as our traditional currency, gold or whatever you can compare to. Its hard to hold but they did and it paid off.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 07:59:11 AM

What I find really interesting about this and similar historical Bitcoin which havent
moved is that the owners are and were able to HODL for so long through the various highs
we have seen, notably the recent $69,000 high.

I like also how a move like this generates a lot of speculation, I wonder if the owner is on the
forum looking at this thread?

Who knows what the reason for this move is, it could be any number of reasons.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 09:03:27 AM

#10

Quote from: smartaction on August 23, 2022, 08:08:20 AM

~snip~

Not only 3x I think could sold more than 3x from present price . If you look the previous history of bitcoin then you will see how bull-runs have taken after each bearish market. According to many market analysis, the next halving will start in mid-2024 and the price may reach close to 100k. So I would like to say him to hold well for some more time.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 01:24:04 PM

#11

Quote from: Kakmakr on August 23, 2022, 06:04:24 AM

An old UTXO moving is no proof of Satoshi Nakamoto's ownership of the coins or even of Satoshi's existence. I would definitely not take that as proof.

Quote from: aoluain on August 23, 2022, 07:59:11 AM

It is not necessarily voluntarily happening. Some people forget they even ever mined Bitcoins a decade ago. Some people may have died and the heirs got access only now to their computer. Or maybe they lost their seed and only now have they finally found it.

It is all speculation really. Who knows and, if I am being honest, who cares?

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 01:42:52 PM

#12

With "only" 50 bitcoins in the wallet, it is enough to make the owner one of the richest people in his city of crypto and if he sells some of his bitcoins, he can buy many things in his city. I guess he also wants to claim other altcoins but I don't know, at least that's what I would do if I found my old wallet Grin

He was very lucky to get those 50 bitcoins and hopefully, he can manage it and take all the profits without getting scammed.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 01:54:56 PM

#13

it's an old wallet that has been revived, I wonder if it was transacted because the wallet is an inheritance where the owner might have died and the heirs opened the wallet and sold it, no one knows either, could it be one of the satoshi wallets, 50 BTC is enough to finance my life for the next 20 years maybe

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 01:57:05 PM

#14

I did this years ago, I would mine crawl through abandoned computers for stuff, not nefarious, just curiousity. Now I need to start doing this again, with a batch or vbscript that can search a drive letter for wallet files.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 03:17:44 PM

Merited by pooya87 (1)

#15

Salute to the miner who did not even touch the bitcoins when bitcoin was at its peak after 2017. I mean come on at that time the valuation of those mined coins would have been more than that.

Here is short rough journey of this guy as per the highest peaks for year to year basis.

2011 - $30 - $1,500
2013 - $1,000 - $ 50,000
2014 - $ 600 - $ 30,000
2017 - $ 19,000 - $ 9,50,000
2020 - $ 29,374 - $ 14,68,700
2021 - $ 68,000 - $ 34,00,000

Thats wider ups and downs. Turning $1,500 into multi million wallet, thats something impossible from bitcoin.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 03:23:37 PM

#16

These moves don't mean much to me. After all, it's someone's investment over the time being and they are allowed to enjoy the profits its yield in time. Sometimes, these users comes to the realisation of there possession of these coins out of unforseen circumstances. I recall a news about a user searching the waste dump site of there town with permission from the mayor to explore the dump ste in search for his hard disc that contained bitcoins and a promise of contributing some of its funds to the town if found. That could be some possible scenario of forget and recall events but, its truly inspiring as to how long ago these guys could hold and only get to move them now. Not just holding, but neve forgetting or compromising there keys and passwords.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 06:15:55 PM

#17

Quote from: mynonce on August 22, 2022, 11:58:12 PM

Valued 0.50 USD at the time of mining, more than 3 million USD last year and ~1 million USD now ... congratulations to the owner!

This is really amazing, this is another pointer to the fact that bitcoin has changed alot of lives, this makes me wanna ask myself where was I when this money was being shared Cry

.
But it is what it is by the way, it is not possible that every body would be aware of bitcoin the time it was launched.

My guess now is that, probably this is one of those guys that maybe lost access to their wallet, but luckily for him now, he managed to regain access, a big congratulations to who ever it is, $1 million dollars is alot of money.

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 06:42:00 PM

#18

He was a kid, now man! maybe 30 years old... he got married, that is, he has a family or a divorce to pay Wink

but regardless of the story, he is not SN.

In any case, it is as always, surely in the next few days we will be seeing related news, as happens when one of these accounts is wake up:
=50 BTC Mined in 2009 Just Moved, Now This Bitcoin Amount Worth
https://www.coinspeaker.com/btc-mined-2009-moved/
=11-year-old mysterious 50 Bitcoin movements
https://www.cryptopolitan.com/mysterious-50-bitcoin-moved-after-11-years/
=50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today
https://cryptopotato.com/50-bitcoins-worth-500k-that-were-mined-in-february-2009-mysteriously-moved-today/

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 07:44:00 PM
Last edit: August 23, 2022, 08:20:09 PM by Cookdata

Merited by fillippone (3)

#19

Quote from: smartaction on August 23, 2022, 08:08:20 AM

Very interesting info. I appreciate it when something like that happens . that wallet holder is really lucky . coz When he mined 50 bitcoins the price was very low but now when he transferred the bitcoins it is worth more than million dollars. But if he had access to his wallet a few months earlier ,when the price of bitcoin was over $65k he could have sold his bitcoins for 3x from present price.

To be honest, any miner who could have the courage to hold a bitcoin that was mine when the price was $0.5 deserve to do whatever he chose to do with his bitcoin. I mean 10 years is a big lot of time that many things have happened in the bitcoin industry. If the owner of that wallet address could import his private keys to other chains, he could also spend other coins that were airdroped some years ago.

Right after the wallet sent out the 50btc, wallet address 1KrETovXBTFu5caT4DekhwoWZ5zLz1L6bN broadcasted dust to 4 outputs and 18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS was among the wallet that received the dust transaction, why would anyone dust an empty wallet?

Here is the tx hash
https://blockchair.com/bitcoin/transaction/a9979f62df165063f0ea3c5b88d63a584ae08acccb91aeba4dbcc02643ddb935

Another Observation, the 3 other wallets that received the dust transaction seem to have a similar prefix that starts with 1111

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Re: 12 years ago mined 50 Bitcoin just moved

August 23, 2022, 07:59:36 PM

#20

Quote from: famososMuertos on August 23, 2022, 06:42:00 PM

He was a kid, now man! maybe 30 years old... he got married, that is, he has a family or a divorce to pay Wink

Not surprising for people to presume out that it is Satoshi whenever one of those old wallets or coins been moved out without even reconsidering that there are several people who are early adopters of bitcoin or those miners into those early days and after 12 years they neither had find out their private keys or remembered out that they do have some Bitcoins into their stashes.

Well, i cant really be able to blame them out even myself do really have that initial impression whenever i do hear out that there are old coins had been moving
which is something that you couldnt really avoid.

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