Bitcoin Forum

Hello,

i just saw this: https://blockchain.info/address/1FsVcdeHbpvUVT3gjeuVR2ZSDnpcsJMsLL
the address recieved more than 500k BTC.

how?

It's either an address owned by an exchange service, or a gambling site.
Logic tells you how the BTC got there :D

1) Seized exchange
2) Big lucky early investor
3) Gambling site
4) Mr Satoshi
one of the above

It is an exchange audit.

The same way as any other transaction.

You could also just keep sending coins around.

Send the coins out, then send them back in and watch the total received grow.

25374 transactions

25374 x 0.0001 (tx fee): 2.5374

They lost 2.5374 to Bitcoin transaction fees. Ouch.

Like they care :D

How do you know they paid a fee for all their transactions?

i think this is for some exchange

Doesnt matter. Today there are 208BTC in this address. It might an exchange, keeping just fees.

"Lost"?! If they were depositing and withdrawing from a bank those fees would be 100x greater.

Most likely an exchange address. Its the end of the year and they may have to show balance for tax purposes.

Dont think a gambling site but yeah definitely a exchange

Exchange or gambling site address

I can only dream of as much as it can get and getting rich quick

hopefully at the beginning of the year I was able to get two percent

 ;D ;D ;)

Probably one of a companies cold wallets/changing addresses, Mixer, or an old miner wallet that he/she kept using, Can't know for sure unless you ask the address owner though!

That is the total number of transactions BOTH send and received.

Ideally, you should take only the send once.

And I think tx fee is greater than 0.0001 for big amounts?

Nice detective work, seargent!

early btc casinos made a lot of bitcoins.

Probably a mixer or a gambling site hot/cold wallet...

Like stated before how do we know they do not have miners and are verfiying the transactions themselves..

Well Satoshi's coins have been left untouched so it's probably not him.


It is? I always thought the recommended transaction fee was the same for all transactions when it comes to Bitcoin. i.e. you could send either 5,000 BTC or 0.01 BTC with a 0.0001 BTC fee and both transactions would go through fine.

Too many transactions for being Mr. Satoshi

But, anyway, wow.

Try to do something like that with a bank...

Nothing extraordinary with this address, just one that belongs to 1)Mixer (most likely in my opinion since the volumes here are entering/sent regularly so it's isn't just a wallet even for a big site) 2) exchanger, which isn't that likely since exchangers have their funds scattered in thousands of addresses (cold and hot wallets) and there isn't a real need to put it in just one 3)gambling site, also not very likely for the same exchanger reason.

I think that there address is an exchange main address. I see many movement from it and I can deduce this. Or maybe, it could be the cold storage of Primedice, the biggest dice site that I know..

I am Logic and I'm going to say that it is probably an address of an exchange, a mixer, or a gambling site. It may possibly be a heavy mining corporation but the payouts don't seem to come from any pools and they aren't very stable.

Maybe one of the first miners and that has plenty of bitcoins to send/receive...

possibly this is an address of a big exchange or online merchant, all the transactions are done with this address

Now imagine if all these transactions were fiat and controlled by banks. Think about how much they would lose.

Im sure its a gambling site or an exchange. Because they are the people who handle so much volume.

The transaction history is very strange though. Seems like it was created this year. So it's possible exchange or an early bitcoiner transferring his coins to a new wallet.

Hmm, Okay thanks for every comment. :D