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Adam Swick: "Bitcoin Miners are hunting for the 'epic' Satoshi"

Bits.media / 16.04.2024 / 09:38
Adam Swick: "Bitcoin Miners are hunting for the 'epic' Satoshi"
Marathon Digital Development Director Adam Swick said that bitcoin miners are hunting for the first block after the upcoming halving, which contains the "epic" Satoshi.

Two years ago, programmer Casey Rodarmor, one of the founders of the Ordinals project, published material with the Satoshi rarity classification. He divided them into classes: from ordinary to epic. The latter includes the first Satoshi genesis block of Bitcoin, probably owned by Satoshi Nakamoto. According to Rodarmor, there are only 32 "epic" Satoshi.

According to Adam Swick, the price of an "epic" Satoshi can be millions of dollars.

"If we compare the satoshi that appear every two weeks and the satoshi produced every four years, their cost is not comparable. I can't say for sure, but it's measured in millions." 

According to Swick, Marathon Digital has a portfolio that includes several thousand "unusual" Satoshi. The company analyzes the market to see if they need to be sold.

"Miners are hunting for the "epic" Satoshi. We understand that this is a kind of lottery," said the director of development of Marathon Digital.

According to Swick's estimates, only large miners with a high hashrate can claim the "epic" Satoshi. For example, Marathon Digital accounts for 5% of the global hashrate, respectively, it can claim to receive the first "epic" Satoshi after halving.

Earlier, Marathon Digital stated that the upcoming halving of bitcoin will be a test for the industry and will determine the most efficient and financially stable firms.

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