A thousand bitcoins mined in 2010 were moved last Monday for the first time in 13 years (4). Since Bitcoin’s creator was still active in the community at the time, these bitcoins are considered to be from the ‘Satoshi era’, which lasted until December 2010.
When mined, those 1,000 bitcoins were worth about $116. Today the amount is estimated at US$43.5 million (R214 million). Therefore, the valuation reaches an incredible 37,499,900%.
For comparison, the largest prize ever handed out in Mega-Sena was $378 million, but it was split between two people, who each received $189 million.
2010 miner sent entire balance to one address
With network transaction fees high this week, the Satoshi Era miner paid around R$2,000 to move all his bitcoins to one address.
Although the value of the compensation seems absurd to us, it is worth considering that he turned $116 into $43.5 million, so you don’t have to worry about tipping your professional colleagues.
Using the BTC Parser tool it is possible to get a better idea of this movement, which involved twenty addresses. Bitcoins were mined between August and November 2010 and remained untouchable until last Monday (4).
Millionaire tries to remain anonymous
Due to Bitcoin’s pseudo-anonymity, it is impossible to tell who the millionaire is. Whatever the case, the Satoshi-era miner appears to be seeking more privacy as his address is monitored.
After grouping the 1,000 bitcoins into one address, the millionaire divided the amount into several wallets. On average, each new address received 20 bitcoins, which were successively resent to other addresses.
Although Satoshi Nakamoto was still active in the community on the date these bitcoins were mined, it is unlikely that the amount belongs to him. After all, Satoshi’s more than 1.1 million bitcoins are marked by a pattern called ‘Patoshi’ (Satoshi Pattern).
With Bitcoin’s recent rise, his fortune is estimated at US$47.8 million ($234 million), enough to put him among the 30 richest people in the world. In any case, Nakamoto never sold his bitcoins.
Returning to the miner, the millionaire was not only lucky enough to have mined Bitcoin in 2010, when the cryptocurrency was worth pennies, but also had the foresight not to sell his coins for the past 13 years. Therefore, your fortune is made.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
