Did a dormant Bitcoin wallet just awaken and transfer 100 million liras to Binance?
Back in July 2010, a miner earned 50 bitcoins when they were just $0.05 each. Fast forward 14 years, and those bitcoins have been moved to Binance, creating a buzz!
These old bitcoins, from the early Satoshi era (2009-2011), were worth only $2.50 when mined. Today, they are worth $3,076,040, or 101 million 434 thousand 660 TL. Who knew digital block could turn into gold?
In 2010, mining Bitcoin was easy. A lone miner could create a block and earn 50 bitcoins. Today, it's much harder. The reward per block has dropped to 3.125 bitcoins.
With Bitcoin's price rising and its popularity growing, mining on home computers is a thing of the past. The power needed to mine new blocks keeps increasing, making even the best mining rigs struggle.
Dear Experts, what's your take on this crypto blast from the past? Share your thoughts!
