"Epic Sat" of First Post-Halving Block Sold for $2.1 Million
The ViaBTC mining pool, which was lucky enough to mine the first block after the halving, sold the "epic sat" contained in it for $2.1 million.
Earlier, experts suggested that the "epic satoshi" could cost from 1 to 50 million dollars. The sale of Bitcoin fragments became possible due to the Ordinals protocol launch. Since its launch, miners have been able to sell satoshis, and their value amounted to several hundred thousand dollars. However, the first satoshi of a new block after halving became a tidbit for miners.
The ViaBTC mining pool was lucky enough to mine the first post-halving block, which contained an epic satoshi. The pool put it up for auction, and an impressive sum was paid for it.
The auction started on April 20, the day after the halving, with a starting bid of 1 BTC. In the last minutes of the auction, the winning bid jumped several times from 18 BTC to 20 BTC.
Source and Copyright © CoinEx
The auction for the "epic sat" of 1,968,750,000,000,000,000, held on the CoinEX cryptocurrency exchange, ended on Thursday with a final bid of 33.3 Bitcoins. The identity of the winner remains unknown.
CoinEx stated that the auction is more than just a bidding process. The exchange also added that it marks widespread recognition from the Bitcoin community and the media.
