August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated. Fractal Bitcoin, a sidechain scaling solution for Bitcoin (BTC) that uses the Bitcoin core code, could potentially provide miners with an additional source of revenue.

Fractal Bitcoin is merge-mined alongside Bitcoin, meaning the same mining hardware can simultaneously mine both. This could be an attractive avenue for Bitcoin miners to bolster profits in the post-halving environment, without having to retool facilities for AI or high-performance computing.

However, because Fractal Bitcoin supports the BRC-20 token standard and promises to be a faster, cheaper scaling solution for the Bitcoin base layer, this could reduce network fees created by demand for non-fungible tokens on the Bitcoin network, which translates to a reduction of miner profits.

Source: https://cointelegraph.com/news/fractal-bitcoin-good-or-bad-for-bitcoin-miners

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