BTC Miners Increase Earnings With Fractal Bitcoin Mining
Mining Pools Reap Rewards as Fractal Bitcoin Generates Returns Alongside Btc Subsidy
The blockchain protocol Fractal BTC continues to harness 226.19 EH/s of merged mining hashpower from the Bitcoin blockchain to fuel its sidechain. Additionally, 18.1 EH/s of permissionless mining bolsters the networkâs operations.
Onchain data shows that so far, a total of 40,354 Fractal Bitcoin blocks have been mined, with around 2,068,925 FB tokens in circulation. Each FB is currently trading at $12.91, bringing the total market value to $26.8 million.
This market valuation places FB in the 674th position among the more than 10,000 crypto asset market caps. Mining metrics show 103.4 EH/s of Fractal Bitcoinâs merged mining hashpower comes from unknown bitcoin miners.
The mining pool giant Antpool dedicates 82.34 EH/s to Fractal Bitcoin out of its 170.74 EH/s allocated to the Bitcoin network. In addition to that contribution, F2pool contributes 25.48 EH/s, and Spiderpool dedicates 7.72 EH/s to Fractal btc
Permissionless mining pools supporting the network include F2pool, Spiderpool, Maxipool, Moonx, Solo Fractal, and Fairpool. Currently, 32.3% of the 2 million FB tokens in circulation are held by the top five wallets showing a high level of concentration.
The largest wallet alone controls 15.7%, with all five addresses holding a combined total of 668,631.54 FB. While FB is priced at $12.91 per coin, just last week on Sept. 15, 2024, it reached $38.80 before falling by more than 61%.
While thereâs 2 million coins in circulation, FBâs supply will continue to grow. With a max supply of 200 million FB, the fully diluted valuation would increase to $1.3 billion using current FB exchange rates.
In the past 24 hours, FB saw $18.79 million in global trading volume, accounting for only 0.03523% of the $53.352 billion traded throughout the entire crypto market. Despite the recent dip, mining pools are cashing in some extra income by mining the sidechain alongside Bitcoin.
