A Bitcoin miner wallet that hadn’t been used in over ten years has been turned on, moving $13.95 million worth of Bitcoin.
The cryptocurrency analytics platforml Lookonchain brought this important change to the attention of the crypto community.
Back in 2010, when anyone with a regular CPU could mine BTC, the miner in question made 250 BTC. During that time, mining was the main way to get BTC. In February 2010, the BTC Market became the first cryptocurrency market.
Bitcoin Mining Evolution
Bitcoin mining has changed quickly over the years. A GPU mined the first BTC block in July 2010. At that time, BTC fans could simply download and run Bitcoin-Qt software to participate. By 2011, FPGA mining had become popular. By 2013, ASIC mining, which was more advanced, had taken its place.
Today, major companies with lots of money run the billion-dollar business of creating cryptocurrency.The market value of Bitcoin has experienced significant growth, surpassing $1 million for the first time in November 2010. Today, BTC’s market value is an amazing $1.1 trillion.
This wallet opening isn’t the first one of its kind. Another miner wallet from the same time period showed up again in June, but this still doesn’t happen very often. Such events are often considered and interested in by neighborhood residents.
Satoshi Nakamoto, the mysterious person who created BTC, went online for the last time on December 13, 2010. Shortly after, Slush Pool successfully solved the first block that a pool mined. In 2014, Nakamoto came back for a short time to correct a false Newsweek story about his identity. He has not spoken out since then.
