World's Largest Bitcoin Mining Pool Foundry Begins Rootstock Merge Mining
- The world's largest Bitcoin mining pool Foundry has announced the commencement of Rootstock merge mining.
- With the increase in hash power due to merge mining, Rootstock's security is expected to be enhanced.
- Miners can use their existing infrastructure to receive 79% of the fees as a reward.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin sidechain Rootstock announced through its official channel on the 7th that "Bitcoin mining pool Foundry has started Rootstock merge mining."
Merge mining refers to the method where miners can mine two or more cryptocurrencies that use the same hashing algorithm without reducing mining efficiency.
Foundry is a cryptocurrency mining subsidiary of Digital Currency Group (DCG) and operates the world's largest Bitcoin mining pool.
With Foundry beginning Rootstock merge mining, Rootstock's security is expected to be further enhanced. In the Proof of Work (PoW) system, an attacker needs to secure more than 51% of the network's hash power (the mining capacity held by miners in the blockchain network) to attack, and Rootstock's hash power has increased due to Foundry's merge mining. According to Rootstock, with the start of this merge mining, hash power equivalent to 740 Eh/s is being deployed to protect the Rootstock network.
There are also fee incentives. Rootstock announced, "Miners who choose to merge can mine Rootstock using their existing Bitcoin mining infrastructure," and "79% of all transaction fees paid in rBTC will be rewarded to mining pools that choose our merge mining."
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