- Fractal Bitcoin leverages an impressive 226.19 EH/s of merged mining hashpower from the Bitcoin blockchain to support its sidechain operations.
- Additionally, 18.1 EH/s from permissionless mining pools strengthens the network’s capabilities.
- As of now, 40,354 Fractal Bitcoin blocks have been mined, with 2,068,925 FB tokens currently circulating at a market price of $12.91 per token.
Discover the latest insights on Fractal Bitcoin’s growth and the pivotal role of merged mining in driving its ecosystem forward. Stay informed with in-depth financial analysis and market trends in the crypto space.
Significant Hashpower Boost from Merged Mining
Fractal Bitcoin is making considerable strides with its integration of merged mining, capitalizing on 226.19 EH/s from the primary Bitcoin blockchain. This strategic maneuver not only underpins its sidechain but also enhances the network’s security and stability. With 18.1 EH/s further contributed by permissionless mining pools, the platform’s robustness is significantly amplified.
Detailed Mining Metrics and Network Contributions
Diving deeper into the network’s metrics, a total of 40,354 blocks have been successfully mined to date. The circulation of FB tokens stands at 2,068,925, trading at $12.91 each. This places Fractal Bitcoin’s market valuation at approximately $26.8 million, securing its position as the 674th largest crypto asset. A notable portion of the 103.4 EH/s hashpower emanates from anonymous Bitcoin miners, illustrating the widespread miner support.
Insights on Mining Pool Contributions
Antpool emerges as a key player, dedicating 82.34 EH/s of its 170.74 EH/s total to Fractal Bitcoin. In addition, F2pool contributes 25.48 EH/s, while Spiderpool provides 7.72 EH/s, showcasing significant backing from top mining pools. The support from permissionless mining pools such as F2pool, Spiderpool, Maxipool, Moonx, Solo Fractal, and Fairpool further bolsters the network.
Token Distribution and Market Activity
The token distribution data reveals that 32.3% of all circulating FB tokens are held by the top five wallets, with the largest single wallet controlling 15.7%. These top five addresses together hold a total of 668,631.54 FB. Despite a recent drop from $38.80 to $12.91 within a week, the FB tokens maintain a sizable market presence, supported by a daily trading volume of $18.79 million, which represents 0.03523% of the total crypto market’s volume.
Future Prospects and Network Growth
Fractal Bitcoin’s potential is amplified by its current and future token supply dynamics. With 2 million coins already in circulation and a maximum supply capped at 200 million FB, the fully diluted market value is projected to reach $1.3 billion at current exchange rates. This indicates substantial room for growth and the possibility of increased valuations as the token’s supply expands.
Mining Economics and Profitability
The current FB block reward range of 32 to 34.5 tokens translates to nearly $495 per block. This added revenue offers a notable incentive for miners who are simultaneously securing the Bitcoin network and bolstering the Fractal Bitcoin sidechain. For example, one F2pool-controlled wallet holds 30,128.73 FB, valued at approximately $388,000. Another address from F2pool commands 10,318.35 FB ($150,000), while an Antpool-reward address possesses 22,922.6 FB ($335,000). Such significant earnings, particularly during challenging periods for Bitcoin mining profitability, underscore the financial benefits provided by Fractal Bitcoin’s mining protocol.
Conclusion
In summary, Fractal Bitcoin continues to escalate its network efficiency and economic appeal through strategic integration of merged and permissionless mining. Despite fluctuations in token prices, the sidechain’s fundamental strengths and growth prospects offer valuable insights for stakeholders and miners alike, ensuring ongoing interest and participation in the evolving crypto ecosystem.
