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Bitminter-linked Bitcoin address moves 829 BTC, including coins dormant for 8 years

Bitminter-linked Bitcoin address moves 829 BTC, including coins dormant for 8 years

The wallet was tied by on-chain analyst Emmett Gallic to Bitminter founder Geir Harald Hansen, whose early mining pool once controlled nearly 10% of Bitcoin network hashrate.

BTC

Fact Check
The original source is the X post by @emmettgallic, which states verbatim that Bitcoin linked to Bitminter founder Geir Harald Hansen moved 829 BTC, some dormant 8 years, with the pool once holding close to 10% of the network and mining 208,232 BTC. Multiple aggregators (PANews, Odaily, BlockBeats, CoinNess) report identical details and cite this same post. The claim faithfully reproduces the analyst's statement. The chief caveat is that the underlying attribution (that the address belongs to Hansen) is an on-chain analyst's inference rather than confirmed by the individual, so 'likely true' reflects accurate reporting of the claim with residual uncertainty in the analyst's attribution.
Summary

A Bitcoin address linked to Bitminter founder Geir Harald Hansen has moved 829 BTC, with part of the holdings transferred after sitting untouched for 8 years. PANews reported the transaction on July 30, citing on-chain analyst Emmett Gallic. The movement has drawn attention because Bitminter was one of Bitcoin’s early mining pools, at one point accounting for nearly 10% of the network’s hashrate (the total computing power securing Bitcoin). Over its lifetime, the pool mined 208,232 BTC in total, underscoring the historical significance of wallets associated with early miners.

Terms & Concepts
  • hashrate: Total computing power securing a network
  • mining pool: Group of miners combining computing power