raresats.net

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Market

Circulating supply

Notable transfers

Why notable?

    Notable extractions

    Why notable?

      Sales

      About these prices

      Each point is one sale of tracked sats, found on chain by the fork: a marketplace listing or an accepted offer paid in the same transaction. Its price is the marketplace's: on Magisat the listing price, the seller's payment plus Magisat's 0.5% seller fee since September 2024 (the buyer's fee is not in it), and for an accepted Magisat offer the payment plus half the fee output; elsewhere the seller's payment plus the marketplace's fees. Sales with no marketplace fee in the transaction (OKX's, among others) are Unknown.

      The unit price is the price less the sold output's own value, per sat of a row. Each sale is of one row, the rarest that holds all the sats it sold, so rows don't overlap: Uncommon is plain uncommons (a 2012 uncommon is an Alpha uncommon, a rare sat a Rare), Block 9 is block 9 chunks (a 450x chunk is 450x). A bundle that mixes rows is of its rarest row. A label row, such as Block 9, 1st tx (a label within Block 9), has no market of its own: it lists the sales lying in it, each as its own row. Include rarer sub-categories also shows a row's rarer sub-categories, such as the alpha uncommons under Uncommon: lighter, priced per sat of the row, named by their own, and outside its median and market numbers. A sale that splits sats out of an output counts only the sats it sold. A sale for no more than the output's own value has no unit price above zero: it is in the table, not on the chart.

      The line is the row's median unit price over the 30 days up to each sale. Outliers, drawn hollow, sold for over 10 times or under a tenth of the median of the row's previous seven sales: a fat finger, a wash trade, something else in the output. They are left out of the line and the row's market numbers. Inscribed sats carry an inscription, whose value is not the rare sat's: hidden unless you include them, and never in the line.

      Ordinal theory and sat numbers

      Ordinal theory numbers every sat in the order it was mined and follows it through transactions first in, first out; every sat type here builds on it.

      Sat numbers

      A bitcoin is 100,000,000 sats. Ordinal theory gives every sat a serial number in the order it was mined: block 0's subsidy is sats 0 to 4,999,999,999, block 1's is 5,000,000,000 to 9,999,999,999, and so on. The subsidy starts at 50 BTC and halves every 210,000 blocks (rounded down to a whole sat), so 2,099,999,997,690,000 sats will ever exist; the last, 2,099,999,997,689,999, is mined in block 6,929,999.

      Every type on this site is a rule on that number, a list of number ranges, or both: an uncommon is the first sat of a block, an alpha a multiple of 100,000,000, a palindrome a number that reads the same both ways, a pizza sat one in the Pizza list.

      How sats move

      Sats move first in, first out. A transaction's input sats line up in input order; its outputs take them in output order, each as many as its value. Sats left after the last output are the fee and go to the block's coinbase transaction, after the block's new sats; any the coinbase does not claim are lost. That is how the index knows which output holds a given sat at any time.

      Notations

      The sat page shows a sat in each of ord's notations, and the search box reads any of them. For sat 45,000,000,000, the first sat of block 9:

      • Integer: 45,000,000,000.
      • Decimal: the block height and the offset in the block, 9.0.
      • Degree: 0°9′9″0‴, written A°B′C″D‴: A is the cycle (height ÷ 1,260,000), B the block's place in its halving epoch (height mod 210,000), C its place in its difficulty period (height mod 2,016), D the offset in the block.
      • Percentile: its place in the whole supply, the sat number ÷ the last sat × 100: 0.002142857145214287%.
      • Name: letters counting down from nvtdijuwxlp (sat 0) to a (the last sat): nvsxssjlkcv.

      Epochs, periods and cycles

      • A halving epoch is 210,000 blocks of one subsidy; the first sat of an epoch is epic.
      • A difficulty period is 2,016 blocks of one difficulty target; its first sat is rare.
      • A cycle is six epochs, 1,260,000 blocks; its first sat is legendary, and sat 0 is mythic.

      In degree notation the tiers read off the zeros: D = 0 is uncommon, C = D = 0 rare, B = D = 0 epic, B = C = D = 0 legendary, all four zero mythic. On this site a sat keeps only its highest tier, so a rare sat is not also counted as uncommon.