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Ecosystem Updates

Rootstock x Bitcoin: Merged Mining Insights Report | Nov 2023 

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Rootstock x Bitcoin: Merged Mining Insights Report | Nov 2023 

At IOVlabs, we strive to empower the community by offering transparent insights into merged mining dynamics through monthly 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 November Merged Mining report:

Hashrate Reports Key Insights

With the monthly 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 Monthly Hashrate: Assess the security and strength of Rootstock through monthly 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.

November 2023 Merged Mining Status Report

Here, we provide the monthly hashrate metrics on Rootstock for November 2023. Here’s a comprehensive summary of the key findings:

  • Rootstock / Bitcoin hashrate ratio was 65.07%.
  • Rootstock’s monthly average hashrate was 304.81 EH/s.
  • The top 3 mining pools were Antpool (42.10%), ViaBTC (17.00%), and Binance (10.00%).

For a detailed breakdown, you can access the full report here.

What is merged mining, and why does it matter?

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.

Do you have further questions?

Further information about merged mining on Rootstock is available at https://rootstock.io/mine-btc-with-rootstock/.

You can get in touch with us through our Rootstock Discord Server for technical questions and support, or reach out through our social media channels and forums:

Twitter: https://twitter.com/rootstock_io

Discord: https://discord.gg/rootstock-842021106956238848

Telegram: https://t.me/rskofficialcom

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