Coinex has launched the auction for the ‘epic satoshi’ from the fourth halving, originally mined by the mining pool Viabtc. This event, marking Sat # 1,968,750,000,000,000, commenced with a starting bid of 1 bitcoin. Following ten subsequent bids, the highest offer has reached 2 bitcoins ($132,298). This heightened interest in the rare satoshi is tied directly to its association with block 840,000.
Exclusive 'Epic Satoshi' Auction Launches, Bids Already Double to 2 BTC
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Collectible Bitcoin Satoshi Auction Begins
On Monday, Bitcoin.com News reported on Viabtc’s segregation of the block reward from the halving into a specialized P2SH address. On the same day, Viabtc Group’s affiliate Coinex declared that the ‘epic satoshi’ from the halving block would be up for bidding on their cryptocurrency exchange, starting at 1 BTC. Since last year, collectors have attributed numismatic value to certain minuscule BTC units due to their historical significance. The inaugural satoshi from a halving block, known as an ‘epic satoshi’ or ‘epic sat,’ is exceedingly scarce, with only four existing globally.
As of 9:40 a.m. EDT on Tuesday, April 23, 2024, Sat # 1,968,750,000,000,000 from the fourth halving block has attracted ten bids in its ongoing auction. Currently, the top bid stands at 2 BTC, equivalent to $132,298, with slightly more than two days remaining for interested parties to enter their bids. “The general public has a keen interest in collecting valuable items. Given that satoshis are assigned unique identifiers, they inherently possess higher collectible value,” Coinex explains on the auction portal.
The exchange added:
As periodic events occur within the Bitcoin network, some more frequently than others, scarcity is naturally promoted.
Curiously, no other ‘epic satoshis’ from previous halvings have been put up for auction, and their current locations remain undisclosed. We do know that Slushpool, now operating as Braiins Pool, uncovered block 210,000 in 2012. Additionally, F2pool unearthed block 420,000 in 2016, and Antpool located block 630,000 in May 2020. At those times, the concept of ‘rare satoshis’ had not yet emerged. Nevertheless, since the network’s inception, enthusiasts have been attributing numismatic value to certain bitcoins.
What do you think about the ‘epic satoshi’ auction? Share your thoughts and opinions about this subject in the comments section below.
