Inactive Bitcoin Miner Wallets Resurface After 15 Years

A Bitcoin miner wallet, inactive for 15.7 years, recently came to life, transferring 50 BTC—valued at approximately $3.05 million—into another wallet.

This wallet originally received the coins through mining back on January 30, 2009.

Remarkably, just after this transfer, another wallet that had been dormant for 15.6 years also sent out 50 BTC.

At the time of these transactions, the first halving event had not yet occurred, allowing miners to earn 50 BTC per mined block without significant competition, making mining feasible even on personal computers.

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These two wallets, likely linked, managed to mine only two BTC blocks, resulting in a total of 100 BTC. The reason for their long inactivity remains a mystery.

When Bitcoin’s price was first recorded on October 5, 2009, it was worth just $0.000764. Thus, the combined value of these wallets back then was a mere $0.0764, highlighting an astonishing increase in wealth of 78 million times since their initial earnings.

Alexander Stefanov