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A Bitcoin Mining Wallet Since 2016: 4,165 BTC Accumulated, Never Sold
Source: CryptoNewsNet Original Title: A Wallet That Has Been Mining Bitcoin Every Day Since 2016 Has Been Identified – It Hasn’t Sold a Single BTC, Here’s Its Current… Original Link: https://cryptonews.net/news/bitcoin/32219957/ An address that has been regularly mining Bitcoin every day since November 2016 continues to collect all its rewards in a single wallet.
Over the past 8 years, the amount accumulated in this wallet has reached 4,165 BTC. What’s noteworthy is that no sales have been made from the wallet to date, and no BTC has been withdrawn.
The address holds approximately $373 million worth of Bitcoin at current prices. With Bitcoin currently trading around $89,600, this long-term accumulation is being interpreted as belonging to “one of the most patient miners” in the cryptocurrency market.
On-chain transaction records show that all BTC received by the wallet are mining rewards distributed through major mining pools. Daily rewards entering the wallet in recent days have been around 0.02 BTC, which is roughly equivalent to $1,800.
In the years when this wallet started mining, it appears to have collected approximately 5.4 BTC per day. This is roughly $450,000 at today’s BTC price.