Foundry, a digital assets mining and staking company, has announced that it plans to monetize what it has called the “epic satoshi,” the first satoshi of the halving block, via Ordinals. If the company mines it through its mining pool, it plans to distribute the proceeds to its members based on the hashrate on the day of the bitcoin halving.
Foundry Aims to Monetize Bitcoin Halving ‘Epic Satoshi’
Mining companies now seek to extract extra value from their operations using Ordinals. Foundry, a New York-based digital mining and staking company, reported that if it produces the Bitcoin halving block, it will try to monetize its first satoshi due to its market value derived from the Ordinals protocol.
In a communication sent to members of its Foundry USA mining pool, the company acknowledged it was aware of the value that market speculation could give to the first satoshi in the halving block, the “epic satoshi.”
Ordinals, a protocol developed by Casey Rodarmor, imbues each satoshi with numismatic value, allowing interested users to collect them. This is why this satoshi would have a special value for an Ordinals collector.
Foundry stated that it is prepared to isolate this satoshi and make “reasonable efforts” to monetize it and share the proceeds with pool members. The distribution would be made depending on the hashrate of each user in the Foundry’s pool during the day of the Bitcoin halving.
In addition, Foundry stated that it was committed to providing “the highest value, level of service and transparency” to its clients.
Will Foxley, host of the the Mining Pod, reinforced the importance of this development for bitcoin miners seeking to profit from ordinal linked opportunities. “Every mining company is now an Ordinals company,” he stressed.
However, no other company has made a similar announcement regarding the so-called “epic satoshi” and the procedures it would follow if mined.
What do you think about Foundry’s intentions of isolating and monetizing the “epic satoshi”? Tell us in the comments section below.
