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Fractal Bitcoin

BTC Miners Increase Earnings With Fractal Bitcoin Mining 

BTC Miners Increase Earnings With Fractal Bitcoin Mining According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time high (ATH) last week but has since dropped 61.9% below that ATH just six days later. Mining Pools Reap Rewards […]

Yougov Poll Reveals Nearly 15% Would Switch Their Bank Accounts for Crypto in Brazil

Fractal Bitcoin Absorbs Over 35% of Bitcoin’s Hashrate After Mainnet Launch

Fractal Bitcoin Absorbs Over 35% of Bitcoin’s Hashrate After Mainnet LaunchData reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681 exahash per second (EH/s), Fractal Bitcoin’s sidechain has attracted about 241 EH/s of merged mining hashpower. Fractal Bitcoin Captures More Than 240 EH/s […]

Yougov Poll Reveals Nearly 15% Would Switch Their Bank Accounts for Crypto in Brazil

Fractal Bitcoin: good or bad for mining revenues?

August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.

Fractal Bitcoin—a sidechain scaling solution for Bitcoin (BTC) that uses the Bitcoin core code—could potentially provide miners with an additional source of revenue. Conversely, fractal Bitcoin could end up slashing mining revenues.

According to TheMinerMag, Fractal Bitcoin is merge-mined alongside Bitcoin—meaning that the same mining hardware can simultaneously mine Bitcoin and Fractal Bitcoin. This could be an attractive and much-needed avenue for Bitcoin miners to bolster profits in the post-halving environment, without having to retool facilities for AI or high-performance computing.

However, the knife cuts both ways. Because Fractal Bitcoin supports the BRC-20 token standard and promises to be a faster, cheaper scaling solution for the Bitcoin base layer, this could reduce network fees created by demand for non-fungible tokens on the Bitcoin network, which translates to a reduction of miner profits.

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Yougov Poll Reveals Nearly 15% Would Switch Their Bank Accounts for Crypto in Brazil