Bitcoin entity combines $140 million of BTC mined in 2010 into a single wallet | Headlines | News | CoinMarketCap

03/27/2024 16:02
Bitcoin entity combines $140 million of BTC mined in 2010 into a single wallet | Headlines | News | CoinMarketCap

An unknown individual or entity who received 2,000 bitcoin in mining rewards in 2010 have brought all of the rewards together in a single wallet. …

An unknown individual or entity who received 2,000 bitcoin in mining rewards in 2010 have brought all of the rewards together in a single wallet.

The complex transaction took place on March 26, as noted by developer mononautical on X. It moved 40 sets of mining rewards, each amounting to 50 bitcoin, into one wallet.

Bitcoin miners receive rewards for mining blocks on the Bitcoin blockchain. Early on, each block would reward the miner with 50 bitcoin. However, every four years, the rewards are cut in half in a process known as the halving. The next bitcoin halving will see block rewards drop from 6.25 BTC to 3.125 BTC. It is currently expected to take place on April 20, although that is subject to change.

At the time that these blocks were mined by this unknown entity, the bitcoin …

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