Fractal bitcoin pools

[chicosallam]

do you guys know what pools are mining FBTC ? I have seen alot of hashrate transferred to mine FBTC

[FinneysTrueVision]

I had not heard about Fractal Bitcoin until today. It is apparently a Layer 2 launched by Unisat, which is a wallet for tokens on the Bitcoin blockchain. Since it is a merge mined sidechain, the hashrate never leaves the BTC main network.

Somebody made a fork of mempool.space for Fractal BTC and you can see which are the top pools right now. Currently, around 30% of the BTC hashrate is also mining on this sidechain.
https://mempool.fractalbitcoin.io/graphs/mining/pools#24h

From what I read, this L2 has its own native token, which is 50% premined, so it looks more like a scam that is trying to associate itself with Bitcoin through marketing, rather than being a serious scaling solution.

[hugeblack]

do you guys know what pools are mining FBTC ? I have seen alot of hashrate transferred to mine FBTC

@FinneysTrueVision give good reviews for the service but with a quick search I found.

FBTC is 100% physically backed by Bitcoin held in custody provided by Fidelity Digital Assets and trades on European exchanges. The product is issued by Fidelity Exchange Traded Products GmbH.

You can't trust a service that claims to be 100% physically backed by Bitcoin, so why don't they give Bitcoin, it's more like a bad copy of wBTC.

[Nexus9090]

do you guys know what pools are mining FBTC ? I have seen alot of hashrate transferred to mine FBTC

I've been looking at this today, F2pool has Fractal Bitcoin on its list. I'm thinking of setting up an account and giving it a go with a few hundred GH/s.

https://f2pool.zendesk.com/hc/en-us/articles/37310777934873-How-to-mine-Fractal-Bitcoin

However, the wallet to generate a receiving address looks a bit dodgy to be honest and that's putting me off a lot presently.

There doesn't appear to be a "desktop" wallet thats compatable other than a chrome extension. There are APK's and Google Play versions for Andriod and for Apple devices.

https://unisat.io/download

The registered address on Google Play for the app, is somewhere in HongKong which never leaves me with any degree of confidence.

[crackfoo]

Hi,
We've added Fractal (FB) to http://zpool.ca/algo/sha256. See below for connection details.

Fee only: 1% or less
BTC payouts are processed once a day for balances above 0.0015
Payouts for all other currencies are made automatically every 4 hours for balances above 0.05 and balances more than 0.0125 are included in one of the payouts each day.

- Sample configurations -
To mine sha256 and get paid in FB:

Code:

-a sha256 -o stratum+tcp://sha256.mine.zpool.ca:3333 -u FB_ADDRESS -p c=FB

Exchange to BTC:

Code:

-a sha256 -o stratum+tcp://sha256.mine.zpool.ca:3333 -u BTC_ADDRESS -p c=BTC

All of our ports are NiceHash friendly, no need to specify any extra details

SSL/TLS is available for all ports. Simply prepend the port with a 5. Example for sha256: 53333

==============================

Support: https://discord.gg/n45n6Jj
Twitter: https://twitter.com/_zpool_

[Crypt0Gore]

I had not heard about Fractal Bitcoin until today. It is apparently a Layer 2 launched by Unisat, which is a wallet for tokens on the Bitcoin blockchain. Since it is a merge mined sidechain, the hashrate never leaves the BTC main network.

Somebody made a fork of mempool.space for Fractal BTC and you can see which are the top pools right now. Currently, around 30% of the BTC hashrate is also mining on this sidechain.
https://mempool.fractalbitcoin.io/graphs/mining/pools#24h

From what I read, this L2 has its own native token, which is 50% premined, so it looks more like a scam that is trying to associate itself with Bitcoin through marketing, rather than being a serious scaling solution.

If this is true that Fractal Bitcoin looks like a scam then all Bitcoin Layer 2 are scams, unfortunately, they are not, I think you should do more research on this project before calling it a scam, I've done mine and yes the token might lose value big time but it is far from scam, maybe you can later drop what you feel after you've done the needful.

I think this is a good opportunity for anyone with outdated Asic miner sitting around, it won't hurt to mine some of this coin, maybe who knows? Even Bitcoin cash gave good profits when it was new few years ago, although I hated it but it is a good way to get more Bitcoin.

Just mine and sell for Bitcoin when price appreciates, nothing more nothing less.

[BlackHatCoiner]

It uses merged-mining: https://explorer.unisat.io/fractal-mainnet/.

From what I read, this L2 has its own native token, which is 50% premined, so it looks more like a scam that is trying to associate itself with Bitcoin through marketing, rather than being a serious scaling solution.

It is a scam, first and foremost, because it creates another currency, while calling itself a Layer 2. The whole point of having second layers is to reuse the currency, not mint a new one. Building on top of Bitcoin means pegging to BTC. Why can't people understand this simple idea?

[dzungmobile]

From what I read, this L2 has its own native token, which is 50% premined, so it looks more like a scam that is trying to associate itself with Bitcoin through marketing, rather than being a serious scaling solution.

Premined coins are good only for the team as it's their fortune and can be dumped to late comers. How much value is it, they will not actually care because they got it completeoy free.

In addition, it seems Ordinal team want to trigger another scam attempt after already got massive money from their scam tokens BRC20 on Bitcoin blockchain.

The name itself as Fractal Bitcoin, reminds me about many scam Bitcoin forks created and died previous years.
An ultimate list of Bitcoin forks
How many Bitcoin forks are there?

Don't care much about them, take care of your money instead.

[Nexus9090]

You might want to check out pools like F2Pool and Slush Pool. They’ve been mining FBTC lately. Their stats will give you a good idea of where the hashrate is going.

I didn't think "slush pool" AKA Braiins pool was running FBTC and having just checked I can find no listing of it. So, where did you get that idea from?

F2Pool and Spiderpool has it listed if you dig deep enough.

https://support.spiderpool.com/fractal-bitcoin-mining/how-to-access-fb-merge-mining-and-permissionless-mining