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...

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 What’s noteworthy is that no sales have been made from the wallet to date, and no $BTC has been withdrawn.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 in question (124YoiaSaUssbBeP5RukbSN9Evc3UJfwPj) 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 Ant Pool. 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.

*This is not investment advice.