Bitcoin miners are already doing greater than securing Bitcoin’s base chain. In accordance with Rootstock’s Q1 2026 merged mining report, 84.01% of Bitcoin’s whole hashrate contributed to Rootstock’s safety through the quarter, giving Bitcoin DeFi a hashrate-backed safety declare.
The common Rootstock hashrate of the community was 833.92 EH/s.
This quantity is stunning as a result of Rootstock sits subsequent to Bitcoin, reasonably than competing for an additional set of machines. This can be a Bitcoin sidechain that makes use of merge mining, permitting Bitcoin mining swimming pools to ship their work to Rootstock whereas persevering with to mine Bitcoin.
Rootstock’s framework permits miners to earn further BTC denominated rewards from Rootstock community charges with out including {hardware} or disrupting Bitcoin operations.
Precision is essential. This metric tracks hashrate contributed by mining swimming pools, reasonably than the intent of particular person miners, leaving the demand in DeFi unresolved.
This means that a big portion of Bitcoin’s hashpower, as measured by Rootstock’s Q1 methodology, can be used to safe the Bitcoin good contract layer.
This turns this report right into a sign for mining and Bitcoin DeFi infrastructure. Bitcoin DeFi, also known as BTCFi, is a broader class that Rootstock seeks to safe by merge mining.
The subsequent sign is whether or not the safety could have significant payment revenue, liquidity, and consumer exercise.
What the hashrate quantity means for Bitcoin DeFi
Merge mining permits miners to mine a number of suitable proof-of-work chains concurrently. crypto slate Our personal glossary defines merge mining as mining a number of cryptocurrencies with out sacrificing hashrate.
Within the case of Rootstock, the sensible argument is that Bitcoin miners can reuse current infrastructure to guard Rootstock whereas nonetheless specializing in Bitcoin.
Rootstock mentioned 93.10% of the noticed mining pool hashrate participated in merged mining through the first quarter. The total report lists Foundry USA, AntPool, F2Pool, ViaBTC, and SecPool as the businesses most contributing to Rootstock’s hashrate.
Foundry USA accounted for 36.62% of Rootstock’s reported distribution, adopted by AntPool with 19.92%, F2Pool with 12.79%, ViaBTC with 11.79%, and SecPool with 4.98%.
Participation in a mining pool will decide whether or not merge mining stays a distinct segment technical possibility or turns into a layer of safety backed by the primary Bitcoin infrastructure.
A series secured by a small pool of marginal hashing energy carries a special danger profile than a series that receives work from a pool that’s already close to the middle of Bitcoin mining.
Rootstock’s Bitcoin hashrate knowledge makes use of a 7-day common from blockchain.com, and its Rootstock hashrate is estimated from the share of Bitcoin blocks which might be additionally used to mine Rootstock blocks.
On this manner, this quantity turns into an indicator of safety participation. Pockets utilization, lending exercise, transaction quantity, and protocol income require separate measures.
| What the diagram exhibits | What stays unresolved |
|---|---|
| Within the first quarter, a big portion of Bitcoin hashrate contributed to Rootstock’s safety. | Whether or not particular person miners made Rootstock selections independently. |
| The primary Bitcoin mining pool was a part of the Rootstock safety base. | The quantity every pool or miner earns from Rootstock charges. |
| Bitcoin’s proof of labor is already being reused to safe good contract infrastructure. | DeFi utilization, TVL, lively customers, product-market match. |
Hashrate explains the safety ground, and charges and utilization clarify whether or not that ground is efficacious to the broader Bitcoin economic system.
Pool distribution additionally belongs on the high of the dialogue. Excessive headline ratios can cover focus, and Rootstock’s personal tables present that the safety infrastructure depends closely on a small group of huge swimming pools.
Why miners care now
Bitcoin mining margins are underneath stress. CoinShares’ Q1 2026 Bitcoin Mining Report states that This autumn 2025 would be the hardest quarter for miners for the reason that April 2024 halving.
The corporate mentioned that the hash value was compressed resulting from Bitcoin’s value decline in late 2025 and elevated community competitors. Within the first quarter, it fell additional to round $29/PH/day, with CoinShares estimating that 15% to twenty% of the world’s mining fleet is unprofitable at round $30/PH/day.
The hash fee index hash value is $35.78 PH/day, and the hash fee of the Bitcoin community is 984.34 EH/s.
In accordance with bookmydollar market knowledge, BTC is buying and selling at round $77,300, with a market capitalization of almost $1.55 trillion, whereas Bitcoin has a 60.1% edge in its market rankings.
At that value, the three.125 BTC block subsidy stays the core mining reward. If miners handle {hardware} updates, energy prices, monetary turnover, AI or high-performance computing alternatives, the circulation of further charges is simpler to grasp from a enterprise perspective.
Rootstock’s suggestion to miners is that swimming pools can use the identical proof of labor however add one other supply of charges. This can be a modest declare, nevertheless it’s additionally why Q1’s hashrate numbers are extra broadly related.
Merged mining permits Bitcoin miners to maintain their primary operations mounted in Bitcoin whereas gaining the choice of accelerating BTCFi charges.
For BTC holders, the which means is totally different. If miners can safe Bitcoin’s native good contract infrastructure with out redirecting hashing energy away from Bitcoin, then a part of the BTCFi stack is already related to Bitcoin’s financial engine.
The safety basis exists earlier than the market worth of that infrastructure is decided.
The Q1 quantity comes first as an possibility for miners and second as a problem for builders. This implies translating a powerful safety infrastructure into regular financial exercise.
The impression on income stays to be quantified. In accordance with Rootstock’s scheme, merge mining is smart even with small charges as a result of the incremental operational burden is proscribed, however the significance nonetheless relies on the precise circulation of charges.
When safety wants to show into utilization
Hashrate can improve quicker than utilization. In accordance with Messari’s State of Rootstock Q1 2025 report, Rootstock’s mixed mining participation fee averaged 81% in the identical quarter after the Foundry and SpiderPool merger.
In the identical report, Messari recorded a decline in consumer metrics, together with a lower in lively addresses, a lower in new addresses, and a decline in DeFi TVL.
This early cut up is a vital caveat to the brand new numbers for Q1 2026. Numerous contributors in merge mining could make the community tough to assault, however whether or not a safe community turns into economically viable relies on the debtors, merchants, stablecoin liquidity, and builders.
Whereas safety is a prerequisite for monetary exercise, toll income and utilization point out whether or not individuals are utilizing the rails.
The accessible Q1 2026 mining report leaves off the desk a very powerful quantity concerning miner economics: the precise Rootstock payment revenue to miners.
Rootstock mentioned that though rewards are paid in Bitcoin from community charges, the primary quarter mining report focuses on hashrate participation and pool distribution reasonably than a breakdown of miners’ income.
The small dimension of Rootstock’s token economic system additional strengthens that warning. crypto slate In accordance with market knowledge, rBTC, the Bitcoin-pegged asset utilized by Rootstock, has a market capitalization of roughly $19.9 million. RIF, the Rootstock Infrastructure Framework token, is giant at roughly $74.4 million, however nonetheless modest by crypto sector requirements.
Taken collectively, these numbers present that Rootstock’s safety footprint is far bigger than the market worth presently hooked up to its core ecosystem belongings.
Rootstock confirmed that almost all Bitcoin hash charges can safe the BTCFi infrastructure by merge mining. Nevertheless, exercise and payment knowledge are nonetheless wanted to point out that the infrastructure has turn out to be economically necessary to miners and BTC holders.
The subsequent check is economics. If Rootstock’s payment revenue, lively addresses, buying and selling quantity, liquidity, and utility utilization stay modest, merge mining will seem like a precious possibility for miners and a safety function for customers.
If these metrics develop with continued participation within the mining pool, the dialogue adjustments. Bitcoin hashrate will assist miners earn income from the actual Rootstock good contract economic system secured by merge mining.
For now, Rootstock’s 84.01% determine makes the case for Bitcoin DeFi infrastructure even stronger. This exhibits that Bitcoin’s good contract layer can deal with many of the Bitcoin mining work whereas miners proceed their day jobs.
What’s harder is changing the safety headlines into sufficient exercise and charges for miners and BTC holders to care about greater than the hashrate quantity.