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THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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Bitcoin Miner Finds Forgotten Stash Worth Millions

Someone claims to have mined BTC in 2010 and forgotten all about it. The miner claims the stash was worth $8 million. However, if he had not sold in time, his stash would currently be worth much less.

The Amount

According to him, he stumbled upon a wallet that contained 1000 BTC and any forks of Bitcoin since them. It is reported that he might have managed to sell his stash shortly before the crypto market went into a full meltdown.

The person posted anonymously on BitcoinTalk about their discovery. He claimed that he mined the BTC on his PC before the advent of powerful mining rigs. The person only found the stash recently and he went to BitcoinTalk to ask about what he should do with the coins. According to the post, which was written on March 10, he wanted to know how he could move the BTC out of his wallet and sell it.

His post received some useful replies from the BitcoinTalk community. While he did not clarify whether he had sold the BTC, later that day, a Bitcoin transaction was 1000 BTC was noticed. During the sale, the BTC was worth $7.95 million.

The coins involved in the transaction were mined on August 24, 2010, which suggests the poster was being truthful. It is quite rare for coins, which have been dormant for so long to suddenly be sold. It is likely the coins were worth more than that. This is because Bitcoin has forked into BCH and BSV since 2010. There have been various other forks and he is entitled to 1000 coins from each of the forks. For instance, with just BSV and BCH, he would have made an extra $475,000.

About two days later, he posted that he was thankful for the advice the community had given him. He was quite lucky, if he had waited just a few more days, his BTC would have been worth half what he got.

The miner had great timing. If they did sell the coins on the day, they would have made around $8 million. However, if he had waited just a few more days, it would have been worth just half.

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