Post
Topic
Board Bitcoin Discussion
Re: what is this bitcoin holder trying to achieve?
by
minerpumpkin
on 04/09/2014, 21:40:00 UTC
https://blockchain.info/address/1N5xzKKSB55x16JWv25FryVWTpzgvp5EXG

I don't understand what's the point of creating a new wallet, transferring almost all the money there, making a new wallet and doing the same repeatedly until you reach around 680 BTCs.

thank you in advance

It's merely a (hot) wallet with change-addresses. They're paying something (maybe even people withdrawing their coins from an exchange or something similar) while the rest of the input goes into another address (don't re-use addresses!)