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Mining Giant Foundry Supercharges Bitcoin Layer-2 Rootstock’s Security
The move enhances Rootstock’s security while generating new revenue for Foundry.
Updated Feb 6, 2025, 4:09 p.m. Published Feb 6, 2025, 2:09 p.m.
What to know:
- Foundry, the world's largest Bitcoin mining pool, is boosting Rootstock's security to 740 exahashes per second.
- Mining pools that choose to merge mine with Rootstock earn 79% of Rootstock’s transaction fees paid in rBTC.
Foundry, the world’s largest Bitcoin mining pool by hashrate, announced it’s diversifying its operations and bolstering the security Bitcoin layer-2 network Rootstock through merge mining.
Merged mining allows miners to simultaneously mine two or more cryptocurrencies that employ the same hashing algorithm without compromising the overall mining efficiency.
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The move injects 200 exahashes per second to bring Rootstock's total to 740 EH/s — roughly 80% of the total computing power currently securing the Bitcoin network — to secure Rootstock transactions.
For Foundry, this represents a new revenue opportunity, as Bitcoin mining pools choosing to merge mine earn 79% of Rootstock’s transaction fees paid in rBTC, while leveraging their existing Bitcoin mining infrastructure.
By merge mining, Foundry enhances Rootstock’s security without additional energy costs, contributing to a more robust and innovative Bitcoin ecosystem. Rootstock is a Bitcoin layer-2 network that leverages the network’s security while bringing in smart contract functionality and Ethereum Virtual Machine compatibility.
CORRECT (Feb. 6, 16:10 UTC): Corrects amount injected by Foundry to 200 EH/s, taking Rootstock's total to 740 EH/s throughout. An earlier version of this story said Foundry added 740 EH/s.
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