Key Takeaways
- An “epic sat” from the fourth Bitcoin halving was offered for 33.3 BTC, equal to about $2.13 million;
- The satoshi was mined by ViaBTC from block 840,000;
- The sale passed off on the CoinEx World change.
An “epic sat” from the fourth Bitcoin halving was auctioned off for a staggering 33.3 Bitcoin (BTC), roughly equal to $2.13 million.
This satoshi stands out resulting from its rarity: it’s one in every of solely 4 that exist from the primary block of every Bitcoin halving.
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Recognized as “sat quantity 1,968,750,000,000,000,” this satoshi was mined by ViaBTC from block 840,000 on April 20 and offered simply 5 days later. The public sale, which started on April 22, closed with 34 bids.
The sale passed off on the CoinEx World change, which expressed their pleasure over the profitable occasion on X.
Satoshis, the smallest items of Bitcoin, are often valued at roughly $0.00065. Nevertheless, “epic sats” like this one carry historic significance and are way more priceless.
These items are a part of the Ordinals system, which assigns a novel sequence quantity based mostly on mining timestamps to every satoshi, enhancing their worth as collectibles.
Trying forward, the subsequent Bitcoin halving is anticipated to happen round 2028 at block 1,050,000, additional lowering the mining reward to 1.5625 Bitcoin.
Within the means of mining the fourth halving block, ViaBTC acquired a block subsidy of three.125 Bitcoin and 37.6 Bitcoin in transaction charges, totaling roughly $2.4 million at the moment.
This underscores the distinctive parts of Bitcoin, which introduce main occasions just like the sale of this epic sat.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.
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