News & Blog

Inactive Bitcoin Miner Reactivates Wallet After 11 Years

Inactive Bitcoin Miner Reactivates Wallet After 11 Years


The world of Bitcoin mining, which has evolved from a simple activity on a personal computer to a massive industry, has witnessed an interesting event. An old Bitcoin (BTC) miner wallet address that had been inactive since 2010 surprised the crypto sphere by becoming unexpectedly active.

This wallet address initiated a transfer of its Bitcoin cache, which had little value in 2010 but is now valued in the millions of euros. Records indicate that the miner managed to mine 250 BTC in 2010 using regular CPUs, a fairly common process at that time. This transfer took place after 11 years of the wallet's inactivity, when Bitcoin mining was merely an operation run by individual PCs.

Notably, a similar occurrence took place earlier in June, when a miner wallet from the Satoshi era, long considered inactive, suddenly came back to life, causing a stir in the crypto community. While such events are rare, they generate immense interest in the world of cryptocurrency. These unusual activations serve as reminders of Bitcoin's formative times and its mysterious origins.