Foundry Digital, a leading Bitcoin mining operation, plans to distribute the rewards from the 'Epic Satoshi' halving event among its members.

Bitcoin mining company Foundry Digital The firm has announced that it intends to distribute the profits from the 'Epic Satoshi' halving event amongst its stakeholders.

Operating in the niche of digital asset mining and staking, Foundry Digital aims to build and maintain decentralized networks. Notably, the Foundry USA Pool ranks as one of the foremost operators in the mining pool sector in terms of hashrate.

The team at Foundry Digital has actively worked to secure the 'epic satth' should Foundry USA Pool successfully mine the upcoming block. Their plan includes taking reasonable efforts to monetize this, ensuring that 100% of the profits will be shared with pool participants.

The organization clarified that any generated profits would be sent to the existing payment addresses linked with the USA Pool, distributed according to each member’s computational power, within 24 hours after the halving. Furthermore, they plan to follow up with additional communications after the monetization process is complete.

The Bitcoin network has recently surpassed an impressive milestone of 65 million Ordinals inscriptions, leading to increased revenue for miners.

The term 'epic satoshi' refers to the very first satoshi mined after the halving event, marking a significant moment since the launch of the Ordinals protocol last year. This protocol allows individual satoshis to be enumerated and traded like collectibles, making the first satoshi mined after the halving particularly valuable due to its anticipated rarity. Ordinals protocol As of late, the Bitcoin network has achieved a remarkable feat, reaching over 65 million inscriptions.

Ordinals, regarded as the inaugural form of NFTs on the Bitcoin network, have significantly bolstered miners' incomes, amassing over $458 million in network fees according to Dune Analytics. These funds are vital for mining operations, especially with the halving on the horizon. Ordinals inscriptions The upcoming halving, which is the fourth occurrence in the history of Bitcoin, is set to change block rewards from 6.25 BTC to 3.125 BTC once the network achieves block height 840,000, anticipated to occur this Friday.

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