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Rootstock x Bitcoin: Merged Mining Insights Report | Oct 2023

Published on: 15 October, 2023

Merged mining report - October 2023

At IOVlabs, we are dedicated to enhancing the Rootstock community’s understanding of network security. Starting today, we want to empower the community with transparent mining key insights through Rootstock monthly hashrate reports. 

By presenting easy-to-understand information using tables and graphs, we aim to provide a clear picture of the Bitcoin mining industry’s involvement in Rootstock through merged mining. Among other key metrics, the hashrate reports will include monthly network total hashrate and mining pool hashrate distribution on the Rootstock network. Although this information can be extracted from the publicly available Bitcoin and Rootstock ledgers, it is sometimes hard to collect.

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

Hashrate Reports Key Insights

With the monthly hashrate reports, we delve 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.

October 2023 Merged Mining Status Report

Today, we are unveiling the monthly hashrate metrics on Rootstock for October 2023. Here’s a comprehensive summary of the key findings:

  • Rootstock / Bitcoin hashrate ratio was 63.21%.
  • Rootstock’s monthly average hashrate was 275.11 EH/s.
  • The top 3 mining pools were Antpool (42.40%), F2Pool (18.48%), and ViaBTC (15.95%).

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 of 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.  

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