Rootstock x Bitcoin: Merged Mining Insights Report | Q4 2024
From rootstock
This report is presented by RootstockLabs, a key contributor to the growth of the Rootstock ecosystem.
At Rootstocklabs, we strive to empower the community by offering transparent insights into merged mining dynamics through quarterly hashrate reports dedicated to Rootstock. Our goal is to enhance comprehension with user-friendly visuals such as tables and graphs, ensuring better visibility into the security of the Rootstock chain and the ecosystem as a whole.
Here you will find insights into the 2024 fourth quarter (October – December) Merged Mining report:
DOWNLOAD THE FULL REPORT HERE.
Hashrate Reports Key Insights
With the quarterly hashrate reports, we dive into critical metrics to give users a comprehensive understanding of the Rootstock network’s strength and security. The following key insights offer valuable perspectives on the evolving mining landscape:
- Total Quarterly Hashrate: Assess the security and strength of Rootstock through quarterly total hashrate metrics.
- Bitcoin Mining Pools in Rootstock: Explore the increasing participation of Bitcoin mining pools in securing the Rootstock network.
- Mining Pools Hashrate Distribution: Uncover the Rootstock mining landscape with insights into hashrate distribution.
Q4 2024 Merged Mining Status Report
Here, we provide the quarterly hashrate metrics on Rootstock for the last quarter of 2024. Here’s a comprehensive summary of the key findings:
- Rootstock / Bitcoin hashrate ratio was 56.40%
- Rootstock’s quarterly average hashrate was 410.63 EH/s
- The top 3 mining pools were Antpool (38.6%), ViaBTC (24.3%), and F2Pool (16.9%)
Q4 2024 pool distribution is depicted in the following chart:
VIEW ALL THE DETAILS OF THE MINING POOLS HERE.
Why is merged mining important for BTC holders?
By enabling Bitcoin miners to simultaneously secure the Rootstock network without additional computational costs, merged mining provides:
- Increased Profitability: Miners can maximize their returns by earning rewards from both Bitcoin and Rootstock networks.
- Enhanced Bitcoin Utility: Merged mining supports the growth of Rootstock and ensures its security. This in turn, brings DeFi, tokenization, and other innovations to Bitcoin through Rootstock.
- Futureproofing the Bitcoin Network: Merged mining extends Bitcoin’s functionality, ensuring its relevance and adaptability in an evolving blockchain landscape.
This video from Sergio Lerner provides a great overview on the history of merge mining, how it makes Rootstock the world’s most secure smart contract platform and why it futureproofs the Bitcoin network by extending its functionality.
Are you a developer using merged mining?
Learn how you can maximize profitability and boost the efficiency of your mining in Rootstock’s step-by-step guide.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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