Why should you do merge-mining with RSK?
RSK is the first smart contract platform built as a sidechain to Bitcoin that rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the RSK Smart Contract ecosystem
1. There’s nothing you have to do that would make Bitcoin mining difficult
RSK does not need special equipment to help us secure our network. We easily fit into the usual bitcoin mining. You neither need new miners, nor more or better hardware. We easily integrate into what you are already doing and assist you in reusing what you already have in place to maximize benefits from your daily production. RSK is a separate blockchain that doesn’t need additional efforts
2. Bitcoin miners can earn money with their existing infrastructure and pool
The RSK smart contract incentivizes those already working with the bitcoin network to join and assist in securing transactions on the [RSK?/RIF?] Network and to cooperate with its security. Bitcoin miners can obtain fees from every transaction that takes place in RSK sidechain, without the need of getting better equipment.
RSK directly “plugs in” to allow for merged-mining and to ensure that cryptographic work, that would otherwise be discarded in Bitcoin mining, is reused in the first smart contract open-source platform secured by the Bitcoin network. The RSK smart contract apportions 80% of the mining rewards paid to the RSK protocol to Bitcoin miners, and 20% to RSK Labs.
3. We prioritize the Bitcoin network
We do not only bring in players from different industries – including highly traditional ones -, we also boost the network through the execution of more complex and safe transactions, the payment of which is made in the currency supported by everyone: bitcoin. Thus, there exists a feedback relationship: the network helps us carry out safe and reliable operations, without the need of making efforts but earning money. RSK prioritize the ecosystem by ensuring that new players engage in the network of the future and by providing use value for the most mature and safest blockchain across the world.
4. A business with unlimited potential
At RSK MainNet there will be different types of clients: financial industry players, educational institutions, large importing companies, government and individuals. Ultimately, these are just examples because any industry wishing to ensure efficiency and security in its processes can actually resort to RSK’s smart contracts. There are endless opportunities within a market with unlimited potential.
If you are part or run a bitcoin mining software pool and want to learn more about RSK merged-mining, reach us out at mining@rsk.co
We’d love to support your integration and add value to the Bitcoin network together!