Foundry, the world’s largest Bitcoin mining pool by hashrate, has introduced it’s diversifying its operations and bolstering the safety Bitcoin layer-2 community Rootstock by means of merge mining.
Merged mining permits miners to concurrently mine two or extra cryptocurrencies that make use of the identical hashing algorithm with out compromising the general mining effectivity.
The transfer injects 740 exahashes per second — roughly 80% of the overall computing energy presently securing the Bitcoin community — to safe Rootstock transactions.
For Foundry, this represents a brand new income alternative, as Bitcoin mining swimming pools selecting to merge mine earn 79% of Rootstock’s transaction charges paid in rBTC, whereas leveraging their present Bitcoin mining infrastructure.
By merge mining, Foundry enhances Rootstock’s safety with out extra vitality prices, contributing to a extra sturdy and revolutionary Bitcoin ecosystem. Rootstock is a Bitcoin layer-2 community that leverages the community’s safety whereas bringing in good contract performance and Ethereum Digital Machine compatibility.
