Merged Bitcoin (BTC) and Fractal Bitcoin (FB) mining is giving BTC miners a breather amid the low profitability of this activity at present. In the last 24 hours, The combined mining of both cryptoassets generated revenues of almost $1 million, According to statistics from the pool F2pool cryptocurrency exchange.
In turn, in the ranking 24-hour production of cryptoassets based on the Proof of Work consensus protocol (Proof of WorkPoW) developed by F2pool, FB reached the fourth positionbeing very close to Kaspa (KAS) and above Aleo.
Following the launch of BTC and FB merged mining on September 19, Fractal Bitcoin left behind other cryptocurrencies such as Litecoin (LTC), which features merged mining with DOGE.
The merged or combined mining technique (merged mining) allows miners to process block information from two networks that use the same algorithm (in BTC and FB SHA-256) and thus obtain rewards on both networks. Additionally, it increases the security of both networks, since there are more miners participating, making it more difficult for an attacker to compromise the network.
As reported by CriptoNoticias, during 2024 the profitability of bitcoin mining has represented a challenge for those who dedicate themselves to this task, even more so after the halving was activated. Now, bitcoin miners who have decided to put their processing power at the service of both networks have received additional rewards for their work.
Fractal Bitcoin captured a hash rate of 241 EH/s from the Bitcoin network
Fractal Bitcoin is a sidechain (side chain) of Bitcoin that has managed to capture a rate of hash of 241 EH/s from the BTC mainnet through merged mining. This is advantageous for miners, as They can maximize their income without having to hardware additional or extra energy expenditure. This information is displayed in the following image of the Unisat Explorer platform.
Ultimately, almost 44,000 blocks have already been mined on the Fractal Bitcoin network and it has a circulation of over 2 million. tokens FB (its native cryptocurrency). The amount of tokens in circulation and the number of blocks mined suggest that there is already significant infrastructure in place, which could generate more attraction for future participants.
Thus, in a complex situation for bitcoin mining, the practice of mining merged with Fractal Bitcoin offers a lucrative alternative for miners, while reinforcing the security of Bitcoin and the development of this sidechain.
