Foundry Digital’s USA Pool Team has announced plans to redistribute profits to its members if the pool mines the first satoshi in the halving block. The announcement was made in an email screenshot posted by The Mining Pod host Will Foxley on X.
According to the email, the USA Pool Team stated, “We’ve taken the steps to isolate the epic sat if Foundry USA Pool does mine this block, and we will make reasonable efforts to monetize it and distribute 100% of the proceeds to our pool members.”
While the authenticity of the email has been questioned, Ethereum tracker Ninjalerts CEO Trevor Owens also posted a screenshot of the same email, although it is unclear whether they received it directly from Foundry Digital.
Foundry Digital, a subsidiary of the Digital Currency Group, has not yet responded to The Block’s request for comment on this matter.
The term “epic sat” refers to the first individual satoshi mined after the imminent halving event, following the launch of Ordinals last year. With the Ordinals protocol allowing individual satoshis to be numbered and traded like collectibles, some believe that the first satoshi mined after the halving could have higher value due to its perceived rarity.
The USA Pool Team outlined that the profits generated would be allocated to existing sub-account payout addresses on the USA Pool, based on the member’s hashrate in the 24-hour period on the day of the halving. Further communications regarding the distribution plan will be provided post-monetization, as stated by the Foundry team.
However, doubts have been raised by some X users regarding Foundry’s planned distribution scheme and the concept of an “epic sat” itself. Bitcoin core developer Luke Dashjr referred to the plan as a scam in response to Foxley’s post.
Bitcoin’s quadrennial halving event, which reduces miner rewards from 6.25 BTC to 3.125 BTC, is predicted to occur on Friday.