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A miner transfers 50 BTC block reward in 2010, worth $1.8 million

January 23, 2022
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Barcelona is in talks with two new blockchain company sponsors

The first recorded 2010 block reward payout was transferred on Friday after nearly two months of zero block reward payouts. The block reward of 50 bitcoins was worth about $1.8 million at the time of transfer.

However, the owner of this BTC address did not spend the corresponding BCH and BSV, which is equivalent to 100 unused tokens worth less than $20,000. The last block reward payout in 2010 occurred when BTC hit an all-time high, when a giant whale spent 20 BTC block reward.

The 50 bitcoins spent on Jan. 21 were split into two separate addresses, one containing 10 bitcoins and the other 40 bitcoins. According to Blockchair statistics, the transaction has a very low privacy rating and matching addresses have been identified. While significant 2010 block reward payouts did not occur until January 21, there have been several 2011 block reward payouts.

Eleven 2011 block rewards were transferred last November, eight in December, and one 2011 block reward payout so far this year. This month spent one block reward in 2012, 15 block rewards in 2013, and 6 block rewards in 2014 to date.

So far, 7 blockchain rewards in 2015 have been transferred, and 14 rewards in 2016 have been transferred during the year. Data from bitquery.io suggests that 50 bitcoins from 2010 may have been transferred to Coinbase based on on-chain movements.

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