Fractal Bitcoin, the innovative blockchain network, is currently harnessing approximately 226 exahash per second (EH/s) of Bitcoin’s hashrate through merged mining. This robust performance comes as the network’s native cryptocurrency, FB, reached an all-time high (ATH) last week before experiencing a significant drop of 61.9% within just six days.
The protocol’s impressive hashpower is bolstered by an additional 18.1 EH/s of permissionless mining, which enhances its operational capabilities. According to on-chain data, Fractal Bitcoin has successfully mined a total of 40,354 blocks, resulting in approximately 2,068,925 FB tokens in circulation. Currently, FB is trading at $12.91, giving the asset a total market valuation of $26.8 million, positioning it at 674th among over 10,000 cryptocurrencies.
Mining data reveals that around 103.4 EH/s of Fractal Bitcoin’s merged mining hashpower originates from unidentified Bitcoin (BTC) miners. The prominent mining pool Antpool contributes a substantial 82.34 EH/s to the network, while F2pool and Spiderpool add 25.48 EH/s and 7.72 EH/s, respectively. Additional permissionless mining pools include Maxipool, Moonx, Solo Fractal, and Fairpool.
Despite 2 million FB tokens being in circulation, a high concentration of wealth exists, with the top five wallets holding 32.3% of the total supply. The largest wallet alone controls 15.7%, aggregating a total of 668,631.54 FB across these five addresses. After peaking at $38.80 on September 15, 2024, FB has since faced a downturn, currently trading at $12.91.
The maximum supply of FB is capped at 200 million tokens, suggesting that its fully diluted valuation could rise to $1.3 billion at current prices. Over the last 24 hours, FB has seen a global trading volume of $18.79 million, representing a mere 0.03523% of the overall $53.352 billion in crypto trading.
Despite recent price fluctuations, mining pools are benefiting from additional revenue streams generated through Fractal Bitcoin’s sidechain mining. Each mined block yields between 32 to 34.5 FB, equivalent to approximately $495. For example, one F2pool wallet holds around $388,000 worth of 30,128.73 FB tokens, while another address commands $150,000 with 10,318.35 FB. Notably, an Antpool address boasts 22,922.6 FB, valued at $335,000.
This supplemental income is particularly valuable for miners, as profits from traditional Bitcoin mining have faced challenges. Earning over $500,000 in under two weeks underscores the lucrative opportunities presented by Fractal Bitcoin’s integrated mining approach.
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