“Epic Satoshi” up for auction

Mining pool ViaBTC put up for auction the first satoshi (sat) in the halving block, which, due to its rarity, belongs to the “epic” category.

🎉 Join us in marking #Bitcoin's fourth halving with a unique auction! ViaBTC, in partnership with CoinEx, is auctioning off the epic sat from this event. Running until April 26, 2024. Don't miss your chance to own a piece of history! https://t.co/N7zgvl1nZp

— ViaBTC (@ViaBTC) April 23, 2024

The auction is organized in partnership with CoinEx and will end on April 26. Bets are accepted in Bitcoin, each subsequent one must exceed the previous one by at least 5%.

At the time of writing, the maximum offer amounts to 2.5 BTC (~$167,400).

On April 20, the fourth halving took place in the network of the first cryptocurrency at a height of #800,400. The block was mined by ViaBTC.

Associated with periodic events in Bitcoin, the sats have “high collectible value,” they added.

There will only be 32 halvings on the blockchain, so such assets are classified as “epic”.

ViaBTC received a reward of 3,125 BTC (~200,000) and 37,6256 BTC (~$2.4 million) in commissions for mining block #800,400. According to TheMinerMagthe pool sent the entire amount to an isolated wallet, although usually the income is immediately distributed among the users of the structure, according to the share in the hashrate.

Your actions in ViaBTC explained in just three days:

Excluding the incident in November 2023, when a user mistakenly paid more than $3 million in a single transaction, the halving block turned out to be the most profitable in the history of Bitcoin mining.