BTC miners increase earnings through Fractal Bitcoin mining

Bitcoin (CRYPTO:BTC) miners are boosting their earnings by participating in Fractal Bitcoin's (CRYPTO:FB) merged mining process, capturing 226.19 exahash per second (EH/s) of Bitcoin’s hashrate. 

Fractal Bitcoin operates as a sidechain to Bitcoin, allowing miners to generate additional income alongside the Bitcoin network's subsidy. 

Data shows that a total of 40,354 Fractal Bitcoin blocks have been mined, circulating around 2,068,925 Fractal Bitcoin (FB) tokens. 

Each FB token is currently valued at $12.91, bringing the total market value of FB to $26.8 million. 

Mining pools like Antpool, F2pool, and Spiderpool are contributing significant hashpower to the network. 

Antpool alone dedicates 82.34 EH/s to Fractal Bitcoin mining, making it one of the major players. 

Fractal Bitcoin’s native asset, FB, saw a sharp rise last week, reaching an all-time high of $38.80. 

However, it has since dropped by 61.9%, currently trading at $12.91. 

Despite the drop, mining pools have continued to earn extra income by mining Fractal Bitcoin blocks. 

Each block generates 32 to 34.5 FB tokens, translating to just under $495 per block at the current exchange rate. 

Additionally, top wallets in the Fractal Bitcoin network control a significant portion of the supply. 

The largest wallet holds 15.7% of the total FB tokens in circulation, while the top five wallets collectively hold 668,631.54 FB, showing a high concentration of ownership. 

With a max supply of 200 million FB tokens, the fully diluted valuation of Fractal Bitcoin would reach $1.3 billion at current prices. 

In the past 24 hours, Fractal Bitcoin saw $18.79 million in global trading volume, providing miners with an extra revenue stream during a period when Bitcoin mining profits alone have become increasingly challenging. 

At the time of reporting, the Bitcoin price was $63,278.81, while the Fractal Bitcoin (FB) price was $13.55.