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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  :)

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.

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.  ;D

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.  ;)

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.

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.

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).

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.

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.

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. It’s the same as our traditional currency, gold or whatever you can compare to. It’s hard to hold but they did and it paid off.

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.

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.

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.

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?

-
Regards,
PrivacyG

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 ;D

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

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

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.

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

That’s wider ups and downs. Turning $1,500 into multi million wallet, that’s something impossible from bitcoin.

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.

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  :'(.
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.

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

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

https://i.ibb.co/SmsWXvs/screenshot-1661285675882.png

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.

Very interesting observation. What is also possible is that the person who owns the address already used up all his bitcoins and have now come to the more or less oldest ones to also use them to fund his lifestyle. I can't really think of any other reason to not touch coins for so long and then move them at this point.

There are probably a lot of people who had a few hundred to a couple of thousand BTC from back then and are just slowly moving them as they need funds. Think about it if you sold 200 back in 2017 you had $4 million USD (before tax) here we are 5 years later and you can cash out another million. You can have a really nice lifestyle with that and if you are quiet about it not attract attention. And a couple of years from now you can sell another 50 for????

I don't see it as any differently then someone who back in the late 90s dumped $5000 into APPL to see what might happen an for the last 15 years has been slowly cashing out.
If you don't talk / brag about it nobody will ever know.
Except the IRS....they know.....

-Dave

It's also possible that this address is just one of many. And that the miner has simply continued to sell one block reward every few years to fund life.

Remember that in 2010 it was not uncommon to have multiple block rewards if you had a PC miner running 24/7 for months.

Also, it seems that the altcoins are still there as of now: https://blockchair.com/search?q=18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS

You guys always think in terms of "he could've sold". Ever thought that with 9% inflation, had he sold, he would've lost about 270k USD in purchasing power and another 3k each month for as long as he keeps holding dollars? Selling because the price is high isn't always the best option. You should sell only when you're able to spend it all. Selling to hold USD makes no sense in a world where they can manipulate its price in relation to other currencies just to hide inflation from the masses. This trick is unsustainable in the long run.

I'm pretty sure some people in Turkey thought that selling at the top in 2021 was a good idea. Then bitcoin fell 70%, and they thought they made the best deal of their lives, but then inflation hit 80%, bitcoin rose 10% from the bottom and they're at a 20% loss compared to what they'd have if they just held bitcoin.

motivating information. I like this kind of information. because this is quite motivating and inspires me to be strong in holding my bitcoins. and 12 years is a very long time. one word that fits him who has 50BTC and kept it for 12 years is you are amazing. if it was me. then that would be a wonderful thing. it must have been hard for me to hold on for that long.

To think how that user managed to hold for this long, is something. But that depends if it is intended or if he just lost it and found recently. It is just hard to imagine how an investor would be able to overcome temptations of the past wherein prices have reached several ATHs.Reminds me of the recent article wherein an individual lost his storage containing infos or basically, containing huge crypto money. Just imagining the regret he is feeling, makes me want to treasure the small amount I am having from my investments in this industry.

So far apart from 0.5 BTC "likely" sold, or at least gone elsewhere, 49.49 BTC simply moved to this address and remains unspent as of posting: bc1qyzpja5m72nvzhg6meldyk28sfhel2ktv9f956z

Note it's a native segwit address. This could just be another story of a old school miner moving coins to a hardware wallet for example while selling 1% on the way.

Or he probably forgot that he mined Bitcoin years ago, dump his PC somewhere on the attic when he upgrade, and realized that he had some BTC on the stash that he mined 12 years ago.  Look for his hardrive and took time to decipher his wallet password since he forgot where he save the keys to it.


I do not think that the person is Satoshi, I think he is some random guy who happen to mine BTC for fun and forgot about it.

An important realization: These Bitcoins are not lost and perhaps many more are not lost. The owner maybe have more addresses. These coins were "marked" as lost, now they are not. I would like to know if it was a coincidence or if someone really kept his coins for such a long time. He now owns more like 3 addresses, but it could be 30? We will probably never know.

It could also be that he did not have access to the wallet at that time . Or he didn't have about this Bitcoin in mind. Or it may be that one has inherited this wallet from his/her parents or other family members. And the current owner is using it . i am not sure about it but But sometimes I feel like that, it can be happen

This is a very surprising event.  But if Bitcoin goes to $65k again someday he can sell them if he wants.  If you sell now, you will get the market price.  If you sell after a few days, you will get more than that.  That will have to wait.  Bitcoin market will improve very soon. Till then market condition will be seen.

The profit is huge imagine from 50 cent to $1 million, Hodling Is the only sure method on cryptocurrency. I think he had something else that consumed his time that made him not to focus on selling his bitcoin even when the price hit 60k. One other criterion that energises Hodling bitcoin is the access to different earnings or income. Like I said, he could be a business man.

Until recently he did not have access to this wallet due to which he did not transfer or sell these bitcoins but now that he has access to these bitcoins it is now very difficult for him to hold these bitcoins. it is huge number of amount . and now it will push him to sell his bitcoin with million of dollars he he.

Well, according to your words, if I assume that he did not have access to his account, then how did he access now ? I don't think this could be the cause . I think he is a long-term holder .And I also think that as we already saw he has been able to hold for so long, waiting for another bull-run is not a big deal for him.

Wow, thats amazing and very interesting holding story, Just Imagine 12 long years of holding and waiting for that 50 bitcoin to remain untouched, it's pretty hard because it's tempting to see the BTC price spike at 69K but still, he doesn't but just recently it was moved, Anyway whoever the owner of that address he has truly possess a diamond hand and congratulations your 0.50 cents in 2010 is worth more that a million dollars right now!

My only curiosity lies in the time of movement. if he didnt move for 12 years and didnt sell at ATH up till 50k why moving now. Actually there are no assurance he is selling, no indication that he moved the coin himself as well and no reason known to profit more now. Do we have any staking platform for bitcoin at the moment?

It can also be the case that those coins were mined and are just one of many addresses that hold 50 btc, which was the reward at the time.

This could be someone that is slowly selling btc to live a nice life over time. It's not necessarily all the coins they have.

I thought it is you OP mined with those, well btw it is all about the trust of the holder with the bitcoin and of course you will grab the opportunity to have this now, as always the history repeat itself so we can make a bitcoin and hold for a long term at the same time and those holding will become profitable as a reward for holding. Currently accumulation now a coin is ideal and make a wait for the next halving.

Oh my..
No matter, sharing this to others may also rise up the spirit and also a willingness to many more people to focus on Bitcoin. We know how the power of Bitcoin, the power of holding. Well, I can't imagine if I were the person, being very rich. But, we have earned whatever we should earn. Mining Bitcoin was very potential and promising. But now, it is complicated and has high costs.
Now, what we can do is do our best for our best life and experience, if we cannot make a similar experience as the person, we can try our best by trading or investing in Bitcoin, being patient and waiting until Bitcoin makes its price ATH again, more than ATH and skyrocketing.

good thing the owner still remembers all the password or keys for that particular address. most already forgot or wiped out their hard drives, and now they are regretting they sold or thrown their HDs. that's a very lucky owner out there. enjoying his bitcoins, which, he never thought will be this valuable today.

She just found her old pen drive when changing some furniture.

Mystery again. Who knows if this is Satoshi Nakamoto? Or it may anyone who knows Satoshi, those who mine Bitcoin earlier might familiar with Satoshi or it's Satoshi himself. Is that the reason recent dump? Or just I am wondering this? Anyway, 50 Bitcoin is a big amount even at the current rate. Believe the wallet isn't on the wrong hand.

There are many such movements where we see that bitcoin mined in early days of launch were moved having good amount of btc in them but that does not directly indicates that it's SN doing so because there were many early miners like Laszlo who were there along with him.But the amount is huge and he is lucky enough to hold for all these years so see how much he is worth now after all those years.

I think it's most probable to think that these coins do not belong to SN, they most probably are from an early miner from 2010 when they could do that with a PC. And then they're just using their coins slowly over the years

Wow...after 12 years the Bitcoin contained with that address finally showed some life and made a transfer. Whoever is the owner of this good volume of Bitcoin can now think of a good life ahead for himself and his family and if he can choose to reside in a good Asian country like where I am then he can be living like a king. It is quite interesting that although we might not be able to discover the real owner of this address...we can be able to track its movement.

It was 50 Bitcoins so it was probably a miner, and at that time it was way easier to mine, so it's probable that this person had multiple addresses with 50 Bitcoins each.

If that's the case then he could just been using those other addresses over time to fund a great lifestyle. We simply don't know if he just waited or kept using other coins over time.

A person with that many coins don’t really care about the transaction fees I guess… I don’t think there are any other advantages of using the new bc1 addresses.

Whoever he is, maybe he just decided to get retired. Or maybe he thinks crypto will go down down more and $1m is still capable of buying lots of stuff nowadays. Sure he missed the chance to get $3m but $1m is still better than $500k (just an example)

LOL. Me and the wife have had a very enjoyable time reading about this transaction. Thanks, all. We are not (knowingly) Satoshi Nakamoto.

Pro Tip: Never, ever throw out your hard drives.

Haha, interesting, i was thinking what if I got familiar with Bitcoin in the early days, do I had enough patience to hold till now, I can say with higher confidence that no one of us could have resisted more than a cycle and sold all we had, TBH control greed to not sell is possible in just scenario in which we could have lost the key to Bitcoins and suddenly one found it by luck then you can say we could have made millions but that not the reality most of the early adopters sold their coins years back, very rare to find those people who are still holding and alive.

The maximum of the average community could have serviced till 2016 but if someone is sticking from that even if sold on that time surely is more familiar with Bitcoin's reliability and still, he could have prepared himself for this cycle more efficiently with greater accumulation. Even though I was aware of the targets back in 2023 for the next cycle still I think I haven't prepared well for the accumulation. Becasue I did invest only a small portion of the amount haha as a student this amount is also very big for me but now I o realize I could have took more risk to invest the 2x of my current holding.