- Merged mining positions Fractal Bitcoin fourth in f2pool’s earnings, surpassing major cryptos like Litecoin in profitability rankings.
- Nearly 44,000 blocks mined on Fractal Bitcoin’s network, demonstrating a robust infrastructure with over 2 million FB tokens.
Bitcoin mining faces dwindling profitability, merged mining with Fractal Bitcoin as a critical relief for miners. This method enables miners to process transactions on two networks simultaneously, both utilizing the SHA-256 algorithm. This approach not only optimizes potential earnings without additional operational costs but also enhances the security of both networks.
Fractal Bitcoin, a sidechain of Bitcoin, has successfully captured a substantial hash rate of 241 EH/s from the main Bitcoin network through merged mining. This collaboration has positioned Fractal Bitcoin in the fourth spot in the earnings ranking of the mining pool f2pool, surpassing established cryptocurrencies like Litecoin, which also engages in combined mining with Dogecoin.
Since its implementation on September 19, merged mining of Bitcoin and Fractal Bitcoin has generated close to one million dollars in revenue over the past 24 hours. This success not only proves the financial viability of merged mining but also suggests growing interest and potential for employing this technique with other crypto-assets sharing similar technical features.
To date, nearly 44,000 blocks have been mined on the Fractal Bitcoin network, with over 2 million FB tokens in circulation. The volume of tokens and the frequency of mined blocks indicate a robust and expanding infrastructure likely to attract further participants interested in exploring the benefits of merged mining.
Besides offering an alternative revenue stream for miners, the merged mining between Bitcoin and Fractal Bitcoin underscores the significance of innovations in the crypto mining sector that seek to enhance efficiency and security.
At a time when Bitcoin mining profitability faces challenges, particularly following the halving event, solutions like Fractal Bitcoin not only provide economic relief but also present a model for the future development of blockchain infrastructure.
