An unknown miner, who began mining Bitcoin in November 2016, has managed to accumulate a vast amount of cryptocurrency in a single wallet. For over eight years, he has received daily rewards for mining and has never sold the coins he earned. As of today, his balance holds over 4165 BTC, which is approximately $375 million at the current exchange rate.
This is reported by Finway
Miner Sends Rewards to One Wallet Daily
Since November 2016, all rewards for mined Bitcoin blocks have been sent to the same address. It is known that the last transaction activity associated with this address was recorded over eight years ago. This behavior has astonished the cryptocurrency community, as the miner not only preserved the coins he earned but also made no attempts to sell or move them.
“In the X community, this behavior has sparked lively discussions. Some users believe that the owner may have lost access to the keys. Others admire the miner’s patience. Additionally, some commentators noted the potentially high cost of electricity over the entire mining period.”
Accumulation Dynamics and Community Reaction
The behavior of the unknown miner is actively discussed on social media. Some users speculate that the wallet owner may have lost the private keys, which is why no transactions are being made. Others, on the contrary, express admiration for his perseverance and long-term accumulation strategy. There have also been remarks about the electricity costs, which could have significantly increased over such a lengthy mining period.
At the time of writing, Bitcoin is trading near the $92,000 mark per coin, which explains the substantial amount accumulated by the anonymous miner. The increase in Bitcoin’s value over recent years only heightens interest in this story.
It is worth noting that instances where individual miners receive large sums for mined blocks still occur today. For example, a lone miner with a hash rate of 270 TH/s previously received $285,000 for a single mined Bitcoin block.