{"id":3969,"date":"2024-09-13T18:56:58","date_gmt":"2024-09-13T18:56:58","guid":{"rendered":"https:\/\/bedk0.myrdbx.io\/?p=3969"},"modified":"2024-09-13T18:57:00","modified_gmt":"2024-09-13T18:57:00","slug":"mining-industry-recap-episode-2","status":"publish","type":"post","link":"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/","title":{"rendered":"Mining Industry Recap, Episode 2"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-right counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Network_Overview\" >Network Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Bitfarms_and_Riot_Platforms_Clash_Over_Board_Changes\" >Bitfarms and Riot Platforms Clash Over Board Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Japans_Green_Energy_Mining_Initiative\" >Japan\u2019s Green Energy Mining Initiative<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Russias_Energy_Priorities_and_Mining_Regulations\" >Russia\u2019s Energy Priorities and Mining Regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Three-Phase_Power_Systems_The_Next_Step_in_Mining_Efficiency\" >Three-Phase Power Systems: The Next Step in Mining Efficiency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Empty_Block_Mined_at_Height_860932\" >Empty Block Mined at Height 860932<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#August_Mining_Updates_Rising_Difficulty_and_Operational_Pressures\" >August Mining Updates: Rising Difficulty and Operational Pressures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Miners_Invest_in_New_Hardware_Amid_Rising_Costs\" >Miners Invest in New Hardware Amid Rising Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-2\/#Mining_Pools_Back_Fractal_Bitcoin_Merge_Mining\" >Mining Pools Back Fractal Bitcoin Merge Mining<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Network_Overview\"><\/span><strong>Network Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This week, the Bitcoin network continued to face challenging conditions. The network hashrate slightly decreased by -1.07% to 647 EH\/s, following a sharp dip in mining activity towards the end of the week. Mining difficulty continued its growing trend surging by +9.17% to a new all-time high of 97.672 T, which will further tighten margins for miners.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"e3eeeb\" data-has-transparency=\"false\" style=\"--dominant-color: #e3eeeb;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/recap_episode_2-1-1024x631.png\" alt=\"\" class=\"wp-image-3972 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_2-1-1024x631.png 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_2-1-300x185.png 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_2-1-768x474.png 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_2-1-18x12.png 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_2-1.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Bitcoin\u2019s price dropped by -2.18% to $57,345, adding pressure on miners, who nevertheless managed to increase their daily revenue by +2.86% to $28.45 million. This boost is likely attributed to a significant rise in transaction fees, which jumped by +20.59% to $0.855 per transaction. The increased transaction fees can be explained by heightened network activity, as seen in the mempool size swelling by +80.10% to 109.820 MB and the estimated transaction value rising by +7.07% to 87,206 BTC.<\/p>\n\n\n\n<p>With mining difficulty at record highs and Bitcoin prices under pressure, miners must continue to innovate and adapt to maintain profitability in the evolving landscape.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitfarms_and_Riot_Platforms_Clash_Over_Board_Changes\"><\/span>Bitfarms and Riot Platforms Clash Over Board Changes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Tensions between two prominent mining firms, Bitfarms and Riot Platforms, escalated this week as Riot continues to push for changes in Bitfarms\u2019 board composition. Riot, the largest shareholder in Bitfarms, has been vocal about its concerns over the company\u2019s governance, particularly after recent leadership changes involving former Bitfarms co-founders. Riot is advocating for additional independent directors, arguing that these changes are necessary to better reflect shareholders&#8217; interests.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"5a847a\" data-has-transparency=\"false\" style=\"--dominant-color: #5a847a;\" loading=\"lazy\" decoding=\"async\" width=\"986\" height=\"653\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/shareholdersdemands-jpg.avif\" alt=\"\" class=\"wp-image-3988 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/shareholdersdemands-jpg.avif 986w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/shareholdersdemands-300x199.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/shareholdersdemands-768x509.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/shareholdersdemands-18x12.avif 18w\" sizes=\"auto, (max-width: 986px) 100vw, 986px\" \/><\/figure>\n\n\n\n<p>In response, Bitfarms postponed its special shareholder meeting to November 6 to allow further review of Riot\u2019s demands. Both companies have accused each other of pushing personal agendas, but the outcome of this proxy contest could significantly influence Bitfarms\u2019 future strategy and governance. Riot has also continued to increase its stake in Bitfarms, now holding 18.9% of the company, underscoring its influence and determination to effect change.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/bitfarms-postpones-meeting-riot-board-changes-demand\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Cointelegraph.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Japans_Green_Energy_Mining_Initiative\"><\/span>Japan\u2019s Green Energy Mining Initiative<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Japan\u2019s largest grid operator, Tokyo Electric Power Grid (TEPCO), through its subsidiary Agile Energy X, is exploring innovative ways to utilize surplus green energy for Bitcoin mining. The initiative aims to monetize the nation\u2019s excess renewable energy, which often goes to waste. Mining machines have been installed near solar farms in Gunma and Tochigi prefectures as part of this pilot project.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"7e8a79\" data-has-transparency=\"false\" style=\"--dominant-color: #7e8a79;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/solar-1024x683.avif\" alt=\"\" class=\"wp-image-3997 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/solar-1024x683.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/solar-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/solar-768x512.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/solar-1536x1024.avif 1536w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/solar-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/solar-jpg.avif 1741w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Agile Energy X projects that if Japan reaches its goal of 50% renewable energy by 2050, up to 240,000 gigawatt-hours could be unused. By dedicating just 10% of this surplus to Bitcoin mining, Japan could generate an estimated $2.5 billion annually. This approach not only provides a potential new revenue stream for renewable energy producers but also supports Bitcoin mining\u2019s shift toward sustainability, with 56% of miners already using renewable energy sources.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/beincrypto.com\/bitcoin-mining-could-help-japan-monetize-wasted-green-energy\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Beincrypto.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Russias_Energy_Priorities_and_Mining_Regulations\"><\/span>Russia\u2019s Energy Priorities and Mining Regulations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In Russia, the Ministry of Energy emphasized that the country will prioritize using its power resources for social development over Bitcoin mining. Although Russia\u2019s recent regulatory changes have positioned it as a potential mining powerhouse, Energy Minister Sergei Tsivilev stated that surplus energy would only be provided to legally registered miners operating outside the \u201cgray\u201d zone. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"818676\" data-has-transparency=\"false\" style=\"--dominant-color: #818676;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"678\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/moscow2-1024x678.avif\" alt=\"\" class=\"wp-image-3986 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/moscow2-1024x678.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/moscow2-300x199.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/moscow2-768x509.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/moscow2-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/moscow2-jpg.avif 1232w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>While miners can still access surplus energy from specific power plants, they must comply with legal requirements, including tax obligations, to avoid operating in unregulated spaces. <\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/news.bitcoin.com\/russia-to-prioritize-supplying-energy-for-social-development-over-bitcoin-mining\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">news.bitcoin.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Three-Phase_Power_Systems_The_Next_Step_in_Mining_Efficiency\"><\/span>Three-Phase Power Systems: The Next Step in Mining Efficiency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The ongoing evolution of Bitcoin mining infrastructure continues, with a growing focus on power setup optimization as hardware efficiency gains plateau. Three-phase power systems, particularly the 480v configuration, are emerging as a preferred choice for large-scale mining operations. These systems offer higher power density, reduced energy losses, and significant savings on electrical infrastructure costs, making them ideal for scaling up mining capabilities.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"7d6099\" data-has-transparency=\"false\" style=\"--dominant-color: #7d6099;\" loading=\"lazy\" decoding=\"async\" width=\"919\" height=\"613\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/electronicsas-jpg.avif\" alt=\"\" class=\"wp-image-3987 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/electronicsas-jpg.avif 919w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/electronicsas-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/electronicsas-768x512.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/electronicsas-18x12.avif 18w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><\/figure>\n\n\n\n<p>As miners increasingly adopt three-phase power, this shift is expected to enhance the reliability and efficiency of mining farms. By integrating three-phase power, mining operations can support the higher energy demands of advanced ASICs, ultimately boosting profitability through improved operational uptime and reduced power costs.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/technical\/revolutionizing-bitcoin-mining-the-power-of-three-phase-systems\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoinmagazine.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Empty_Block_Mined_at_Height_860932\"><\/span>Empty Block Mined at Height 860932<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foundry USA recently mined an empty block at height 860932, containing only the coinbase transaction and earning the miner 6.25150821 BTC. Empty blocks like this occur when miners, aiming to maintain speed and efficiency, validate a block without waiting for new transactions to fill it. This allows miners to continue earning rewards promptly, even if no transactions are ready.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"a38e5d\" data-has-transparency=\"true\" style=\"--dominant-color: #a38e5d;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/empty-1024x681.png\" alt=\"\" class=\"wp-image-3989 has-transparency\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/empty-1024x681.png 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/empty-300x200.png 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/empty-768x511.png 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/empty-18x12.png 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/empty.png 1052w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Although empty blocks do not help clear transaction backlogs, they are a normal part of Bitcoin mining. Historically more common, the frequency of empty blocks has dropped to between 0.5% and 0.15% today, thanks to better mining software and faster protocols. <\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/coingape.com\/why-bitcoin-mining-produced-an-empty-block-at-height-860932-today\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coingape.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"August_Mining_Updates_Rising_Difficulty_and_Operational_Pressures\"><\/span><strong>August Mining Updates: Rising Difficulty and Operational Pressures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>August was a particularly tough month for Bitcoin miners, marked by a combination of rising network difficulty, declining Bitcoin prices, and intense summer heat, especially in mining hubs like Texas. According to Jefferies, the average daily revenue per exahash dropped by 11.8%, driven by a 4% decline in Bitcoin\u2019s price and a 2.7% increase in network hashrate. Major mining companies, including Marathon Digital, CleanSpark, and Bitfarms, reported mixed results in their production updates, with many attributing performance fluctuations to higher operational costs and increased competition.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"fafafb\" data-has-transparency=\"true\" style=\"--dominant-color: #fafafb;\" loading=\"lazy\" decoding=\"async\" width=\"883\" height=\"529\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/miningdifficulty.png\" alt=\"\" class=\"wp-image-3973 has-transparency\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty.png 883w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-300x180.png 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-768x460.png 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-18x12.png 18w\" sizes=\"auto, (max-width: 883px) 100vw, 883px\" \/><\/figure>\n\n\n\n<p>Despite these challenges, miners are focusing on boosting operational efficiency and strategic management of electricity costs to stay competitive. Marathon Digital reported an 88% uptime in August, up from 75% last year, and the ten largest miners tracked by Jefferies averaged 83% uptime. As for amount of Bitcoin mined, Marathon led the sector with 673 BTC mined, followed by CleanSpark with 478 BTC. Public mining companies contributed 19.9% of the total network in August. <\/p>\n\n\n\n<p>With the next difficulty adjustment expected later this month, miners are refining their operations and adapting their strategies to navigate declining margins, preparing for ongoing challenges in the months ahead.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/www.coindesk.com\/markets\/2024\/09\/12\/mining-new-bitcoin-is-more-difficult-than-ever-heres-how-it-could-impact-btc-prices\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coindesk.com<\/a><\/strong><br><strong>Source:\u00a0<a href=\"https:\/\/www.coindesk.com\/markets\/2024\/09\/11\/bitcoin-mining-was-significantly-less-profitable-in-august-jefferies-says\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Decrypt.co<\/a><\/strong><br><strong>Source:\u00a0<a href=\"https:\/\/www.theblock.co\/post\/315112\/bitcoin-miners-battle-network-difficulty-and-texas-heat-in-august-production-updates\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Theblock.co<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Miners_Invest_in_New_Hardware_Amid_Rising_Costs\"><\/span>Miners Invest in New Hardware Amid Rising Costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitcoin miners continue to invest in new, efficient hardware despite shrinking revenues and rising costs, showing confidence in the network\u2019s future. A Glassnode report noted the hash rate remains near all-time highs, even as revenues decline. Miners face growing challenges with increased difficulty and reduced transaction fees, which push up operational costs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"9c9d8a\" data-has-transparency=\"false\" style=\"--dominant-color: #9c9d8a;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/rising-1024x576.avif\" alt=\"\" class=\"wp-image-3980 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/rising-1024x576.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/rising-300x169.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/rising-768x432.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/rising-1536x864.avif 1536w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/rising-2048x1152.avif 2048w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/rising-18x10.avif 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>To combat this, miners are upgrading to more efficient ASICs, which reduce energy consumption per coin mined. CEX.IO&#8217;s Illia Otychenko noted that hardware efficiency has more than doubled since 2018, helping miners manage costs in tough market conditions.<\/p>\n\n\n\n<p>Some miners, like Marathon Digital, are also shifting strategies, retaining more mined Bitcoin in reserves rather than selling, betting on future price gains. However, this carries risks if market downturns force them to sell reserves.<\/p>\n\n\n\n<p>Miners are also diversifying into areas like AI computing to bolster revenues. Strategic acquisitions, such as CleanSpark\u2019s purchase of GRIID, show the industry&#8217;s adaptive approach to staying profitable amid increasing competition.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/decrypt.co\/248996\/bitcoin-miners-hardware-asic-energy\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Decrypt.co<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mining_Pools_Back_Fractal_Bitcoin_Merge_Mining\"><\/span>Mining Pools Back Fractal Bitcoin Merge Mining<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Top mining pools Antpool and f2Pool have announced support for merge mining with Fractal Bitcoin, a new sidechain launching its mainnet on Monday. This setup will allow Bitcoin miners to earn Fractal Bitcoin (FB) rewards alongside their usual Bitcoin mining.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"397874\" data-has-transparency=\"false\" style=\"--dominant-color: #397874;\" loading=\"lazy\" decoding=\"async\" width=\"875\" height=\"666\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/fractals-5-jpg.avif\" alt=\"\" class=\"wp-image-3995 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractals-5-jpg.avif 875w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractals-5-300x228.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractals-5-768x585.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractals-5-16x12.avif 16w\" sizes=\"auto, (max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p>Fractal Bitcoin uses a \u201cCadence Mining\u201d mechanism, enabling Bitcoin miners to merge-mine Fractal Bitcoin\u00a0blocks\u00a0every third\u00a0block. The sidechain also supports BRC-20 tokens and Ordinals, aiming to shift some transaction load off the main Bitcoin network. With 50% of Fractal Bitcoin\u2019s supply allocated for mining, Antpool, f2Pool, and others like Spiderpool are leveraging this opportunity to diversify miner revenue and boost profitability while maintaining their core Bitcoin operations.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/theminermag.com\/news\/2024-09-06\/antpool-f2pool-fractal-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Theminermag.com<\/a><\/strong><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Network Overview This week, the Bitcoin network continued to face challenging conditions. The network hashrate slightly decreased by -1.07% to 647 EH\/s, following a sharp dip in mining activity towards the end of the week. Mining difficulty continued its growing trend surging by +9.17% to a new all-time high of 97.672 T, which will further&#8230;<\/p>","protected":false},"author":7,"featured_media":3996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[68],"tags":[103,51,92,101,100,99,104,102,97,55,96,75,95,94,93,79,98],"class_list":["post-3969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining-recap","tag-antpool","tag-bitcoin","tag-bitfarms","tag-cleanspark","tag-difficulty","tag-empty-block","tag-f2pool","tag-fractal","tag-green-energy","tag-hashrate","tag-japan","tag-marathon","tag-mempool","tag-revenue","tag-riot","tag-russia","tag-three-phase"],"taxonomy_info":{"category":[{"value":68,"label":"Mining Recap"}],"post_tag":[{"value":103,"label":"antpool"},{"value":51,"label":"bitcoin"},{"value":92,"label":"bitfarms"},{"value":101,"label":"cleanspark"},{"value":100,"label":"difficulty"},{"value":99,"label":"empty block"},{"value":104,"label":"f2pool"},{"value":102,"label":"fractal"},{"value":97,"label":"green energy"},{"value":55,"label":"hashrate"},{"value":96,"label":"japan"},{"value":75,"label":"marathon"},{"value":95,"label":"mempool"},{"value":94,"label":"revenue"},{"value":93,"label":"riot"},{"value":79,"label":"russia"},{"value":98,"label":"three-phase"}]},"featured_image_src_large":["https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/mining_recap_2_wp-1024x538.png",992,521,true],"author_info":{"display_name":"Sandude","author_link":"https:\/\/blog.infinity-hash.io\/es\/author\/sandude\/"},"comment_info":0,"category_info":[{"term_id":68,"name":"Mining Recap","slug":"mining-recap","term_group":0,"term_taxonomy_id":68,"taxonomy":"category","description":"","parent":0,"count":12,"filter":"raw","cat_ID":68,"category_count":12,"category_description":"","cat_name":"Mining Recap","category_nicename":"mining-recap","category_parent":0}],"tag_info":[{"term_id":103,"name":"antpool","slug":"antpool","term_group":0,"term_taxonomy_id":103,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":51,"name":"bitcoin","slug":"bitcoin","term_group":0,"term_taxonomy_id":51,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":92,"name":"bitfarms","slug":"bitfarms","term_group":0,"term_taxonomy_id":92,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":101,"name":"cleanspark","slug":"cleanspark","term_group":0,"term_taxonomy_id":101,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":100,"name":"difficulty","slug":"difficulty","term_group":0,"term_taxonomy_id":100,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":99,"name":"empty block","slug":"empty-block","term_group":0,"term_taxonomy_id":99,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":104,"name":"f2pool","slug":"f2pool","term_group":0,"term_taxonomy_id":104,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":102,"name":"fractal","slug":"fractal","term_group":0,"term_taxonomy_id":102,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":97,"name":"green energy","slug":"green-energy","term_group":0,"term_taxonomy_id":97,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":55,"name":"hashrate","slug":"hashrate","term_group":0,"term_taxonomy_id":55,"taxonomy":"post_tag","description":"","parent":0,"count":7,"filter":"raw"},{"term_id":96,"name":"japan","slug":"japan","term_group":0,"term_taxonomy_id":96,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":75,"name":"marathon","slug":"marathon","term_group":0,"term_taxonomy_id":75,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":95,"name":"mempool","slug":"mempool","term_group":0,"term_taxonomy_id":95,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":94,"name":"revenue","slug":"revenue","term_group":0,"term_taxonomy_id":94,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":93,"name":"riot","slug":"riot","term_group":0,"term_taxonomy_id":93,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":79,"name":"russia","slug":"russia","term_group":0,"term_taxonomy_id":79,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":98,"name":"three-phase","slug":"three-phase","term_group":0,"term_taxonomy_id":98,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/posts\/3969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/comments?post=3969"}],"version-history":[{"count":1,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/posts\/3969\/revisions"}],"predecessor-version":[{"id":3998,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/posts\/3969\/revisions\/3998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/media\/3996"}],"wp:attachment":[{"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/media?parent=3969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/categories?post=3969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/es\/wp-json\/wp\/v2\/tags?post=3969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}