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</header> <div class="featured_image_container"> <img width="1280" height="720" src="https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown.jpg" class="story__img article__poster" alt="" decoding="async" loading="lazy" srcset="https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown-300x169.jpg 300w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown-1024x576.jpg 1024w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown-768x432.jpg 768w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown-190x107.jpg 190w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown-380x214.jpg 380w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown-760x428.jpg 760w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/docbrown.jpg 1280w" sizes="(max-width: 1280px) 100vw, 1280px"/> </div> <p><strong>In current instances, Bitcoin’s hashrate has been persistently above 300 exahash per second (EH/s) as a number of mining swimming pools dedicate vital hashpower to the Bitcoin blockchain in the present day. Apparently, among the world’s high bitcoin mining swimming pools are additionally utilizing their hashrate to merge-mine different cash, and these networks have benefited from bitcoin’s elevated hashrate.</strong></p> <h2>How Bitcoin’s Hashrate Advantages Different Crypto Networks</h2> <p>Bitcoin’s hashrate secures the community and supplies rewards for miners collaborating within the system, however mining swimming pools additionally dedicate computational energy to networks like Namecoin, Elastos, Emercoin, and Vcash. For instance, Namecoin has a hashrate of round <a target="_blank" href="https://miningpoolstats.stream/" rel="noopener">187 EH/s</a> in the present day, and among the high bitcoin mining swimming pools merge-mine the community to amass namecoin (NMC) rewards.</p> <p>Merge mining is a course of by which miners can mine varied cryptocurrencies on the identical time with none further value. Merged mining is just like an individual taking part in Pac-Man and Asteroids on the identical time, utilizing the identical joystick and incomes rewards for each video games. Namecoin was the primary cryptocurrency undertaking to be merge-mined, because it shares the identical SHA256 algorithm as Bitcoin, and the primary merge-mined block on the community was mined on Sept. 19, 2011.</p> <figure id="attachment_577073" aria-describedby="caption-attachment-577073" style="width: 1176px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" class="wp-image-577073 size-full" title="While Bitcoin's Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit" src="https://static.news.bitcoin.com/wp-content/uploads/2023/03/mergedminingintro01.png" alt="While Bitcoin's Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit" width="1176" height="988" srcset="https://static.news.bitcoin.com/wp-content/uploads/2023/03/mergedminingintro01-300x252.png 300w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/mergedminingintro01-1024x860.png 1024w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/mergedminingintro01-768x645.png 768w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/mergedminingintro01.png 1176w" sizes="(max-width: 1176px) 100vw, 1176px"/><figcaption id="caption-attachment-577073" class="wp-caption-text">A visible of how merge-mining works created by Tari Labs College. In easy phrases, an ASIC mining rig executes the merge-mining course of by performing the identical hash calculation for each blockchains. The crypto miner builds a block for each blockchains and assigns work items primarily based on this block to different miners. If a miner solves a block at both or each issue ranges, the finished proof of labor is re-assembled and submitted to the proper blockchain, guaranteeing that each hash the miner does contributes to the overall hashrate of each currencies.</figcaption></figure> <p>Bitcoin swimming pools that dedicate hashrate to the Namecoin chain embrace F2pool, Viabtc, Poolin, and Mining Dutch. Whereas F2pool is the fourth largest bitcoin mining pool over the past three days, it’s the biggest namecoin miner because it dedicates its whole 44 EH/s to the Namecoin community. Viabtc dedicates 26.25 EH/s to the Namecoin chain, and Poolin factors 5.10 EH/s towards Namecoin as properly. On the time of writing, a single namecoin (NMC) is value <a target="_blank" href="https://www.coingecko.com/en/coins/namecoin" rel="noopener">$1.24 per unit</a> and 12.5 NMC plus charges are distributed in every block reward.</p> <p><img decoding="async" loading="lazy" class="size-full wp-image-577088 aligncenter" src="https://static.news.bitcoin.com/wp-content/uploads/2023/03/top3.jpg" alt="" width="1280" height="210" srcset="https://static.news.bitcoin.com/wp-content/uploads/2023/03/top3-300x49.jpg 300w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/top3-1024x168.jpg 1024w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/top3-768x126.jpg 768w, https://static.news.bitcoin.com/wp-content/uploads/2023/03/top3.jpg 1280w" sizes="(max-width: 1280px) 100vw, 1280px"/></p> <p>Namecoin has the second-largest hashrate amongst SHA256 blockchains, however the Emercoin (EMC) community is the third-largest below <a target="_blank" class="lar-automated-link" href="https://markets.bitcoin.com/crypto/BTC" rel="noopener">BTC</a> and NMC. EMC has 93.38 EH/s devoted to the community, and Mining Dutch and Viabtc are the highest miners for the coin. Viabtc, which is <a target="_blank" class="lar-automated-link" href="https://markets.bitcoin.com/crypto/BTC" rel="noopener">BTC</a>’s fifth-largest mining pool by hashrate, additionally dedicates 26.76 EH/s to EMC. The Emercoin community leverages a hybrid proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanism. A single <a target="_blank" href="https://www.coingecko.com/en/coins/emercoin" rel="noopener">emercoin</a> (EMC) is at present altering arms for $0.0088 per coin.</p>
<p>In the meantime, Viabtc dedicates the identical quantity of hashrate to the Syscoin (SYS) community, one other hybrid PoW and PoS blockchain. At present, a single <a target="_blank" href="https://www.coingecko.com/en/coins/syscoin" rel="noopener">SYS</a> trades for $0.167 in opposition to the U.S. greenback. Along with the aforementioned PoW cryptocurrencies that leverage the SHA256 consensus algorithm, miners are additionally dedicating hashrate to networks reminiscent of Xaya, Veil, Hathor, Elastos, and Vcash. Older cryptocurrency networks like Terracoin (TRC) and Unobtanium (UNO) additionally see a small fraction of SHA256 hashrate.</p> <p>F2pool dedicates <a target="_blank" href="https://miningpoolstats.stream/vcash" rel="noopener">44.32 EH/s</a> to Vcash, however the coin’s native asset has no listed worth on any of the highest coin market aggregation websites. Elastos has over <a target="_blank" href="https://miningpoolstats.stream/elastos" rel="noopener">100 exahash</a> devoted to the chain, and high mining swimming pools like Antpool, F2pool, Viabtc, and Mining Dutch are dedicating hashrate to the Elastos community. Present <a target="_blank" href="https://explorer.rsk.co" rel="noopener">statistics</a> additional present that 100 exahash per second can be devoted to the RSK sensible contract community.</p> <div class="article__body__tags-related__tags"> <h6 class="article__body__tags-related__title"> Tags on this story </h6> <div class="article__body__tags"><a target="_blank" href="https://news.bitcoin.com/tag/antpool/" rel="noopener">Antpool</a>, <a target="_blank" href="https://news.bitcoin.com/tag/bitcoin/" rel="noopener">Bitcoin</a>, <a target="_blank" href="https://news.bitcoin.com/tag/blockchain/" rel="noopener">Blockchain</a>, <a target="_blank" href="https://news.bitcoin.com/tag/blockchain-technology/" rel="noopener">blockchain technology</a>, <a target="_blank" href="https://news.bitcoin.com/tag/computational-power/" rel="noopener">computational power</a>, <a target="_blank" href="https://news.bitcoin.com/tag/cryptocurrency/" rel="noopener">Cryptocurrency</a>, <a target="_blank" href="https://news.bitcoin.com/tag/decentralized/" rel="noopener">Decentralized</a>, <a target="_blank" href="https://news.bitcoin.com/tag/digital-assets/" rel="noopener">Digital Assets</a>, <a target="_blank" href="https://news.bitcoin.com/tag/elastos/" rel="noopener">Elastos</a>, <a target="_blank" href="https://news.bitcoin.com/tag/emc/" rel="noopener">EMC</a>, <a target="_blank" href="https://news.bitcoin.com/tag/emercoin/" rel="noopener">Emercoin</a>, <a target="_blank" href="https://news.bitcoin.com/tag/f2pool/" rel="noopener">F2Pool</a>, <a target="_blank" href="https://news.bitcoin.com/tag/hashrate/" rel="noopener">Hashrate</a>, <a target="_blank" href="https://news.bitcoin.com/tag/hathor/" rel="noopener">Hathor</a>, <a target="_blank" href="https://news.bitcoin.com/tag/merge-mining/" rel="noopener">Merge Mining</a>, <a target="_blank" href="https://news.bitcoin.com/tag/merge-mining-sha-256/" rel="noopener">Merge Mining SHA-256</a>, <a target="_blank" href="https://news.bitcoin.com/tag/mining-pools/" rel="noopener">Mining Pools</a>, <a target="_blank" href="https://news.bitcoin.com/tag/mining-dutch/" rel="noopener">Mining-dutch</a>, <a target="_blank" href="https://news.bitcoin.com/tag/namecoin/" rel="noopener">namecoin</a>, <a target="_blank" href="https://news.bitcoin.com/tag/network-security/" rel="noopener">Network Security</a>, <a target="_blank" href="https://news.bitcoin.com/tag/poolin/" rel="noopener">Poolin</a>, <a target="_blank" href="https://news.bitcoin.com/tag/pos/" rel="noopener">PoS</a>, <a target="_blank" href="https://news.bitcoin.com/tag/pow/" rel="noopener">PoW</a>, <a target="_blank" href="https://news.bitcoin.com/tag/proof-of-work/" rel="noopener">Proof of Work</a>, <a target="_blank" href="https://news.bitcoin.com/tag/proof-of-stake/" rel="noopener">Proof-of-Stake</a>, <a target="_blank" href="https://news.bitcoin.com/tag/rewards/" rel="noopener">Rewards</a>, <a target="_blank" href="https://news.bitcoin.com/tag/rsk/" rel="noopener">RSK</a>, <a target="_blank" href="https://news.bitcoin.com/tag/sha256/" rel="noopener">SHA256</a>, <a target="_blank" href="https://news.bitcoin.com/tag/smart-contracts/" rel="noopener">Smart Contracts</a>, <a target="_blank" href="https://news.bitcoin.com/tag/terracoin/" rel="noopener">terracoin</a>, <a target="_blank" href="https://news.bitcoin.com/tag/trc/" rel="noopener">TRC</a>, <a target="_blank" href="https://news.bitcoin.com/tag/uno/" rel="noopener">UNO</a>, <a target="_blank" href="https://news.bitcoin.com/tag/unobtanium/" rel="noopener">Unobtanium</a>, <a target="_blank" href="https://news.bitcoin.com/tag/vcash/" rel="noopener">Vcash</a>, <a target="_blank" href="https://news.bitcoin.com/tag/veil/" rel="noopener">veil</a>, <a target="_blank" href="https://news.bitcoin.com/tag/viabtc/" rel="noopener">ViaBTC</a>, <a target="_blank" href="https://news.bitcoin.com/tag/xaya/" rel="noopener">Xaya</a></div> </div><p><em><strong>What do you suppose the long run holds for merge mining and the relationships between totally different blockchain networks? Share your ideas within the feedback part beneath.</strong></em></p> <div class="article__body__author"> <div class="article__body__author__avatar"> <img src="https://static.news.bitcoin.com/wp-content/uploads/2018/04/2Khomers-150x150.jpg" srcset="https://static.news.bitcoin.com/wp-content/uploads/2018/04/2Khomers-150x150.jpg 1x, https://static.news.bitcoin.com/wp-content/uploads/2018/04/2Khomers-300x300.jpg 2x" class="avatar avatar-150 photo"/> </div> <div class="article__body__author__info"> <h6 class="article__body__author__info__name"> Jamie Redman </h6> <p class="article__body__author__info__about"> Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising in the present day.<br/><span class="td-social-icon-wrap"> <a target="_blank" href="https://twitter.com/jamieCrypto" title="Twitter" rel="noopener"> <i class="td-icon-font td-icon-twitter"/> </a> </span> </p> </div> </div>
<p class="images_credits"><em><b>Picture Credit</b>: Shutterstock, Pixabay, Wiki Commons, Tari Labs College, miningpoolstats.stream</em></p>
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