HARDFACING CONTAINING FULLERENES FOR SUBTERRANEAN TOOLS AND METHODS OF MAKING

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An earth boring bit comprising, a bit body, a cantilevered bearing shaft depending from the bit body, a cutter mounted for rotation on the bearing shaft, a plurality of cutting elements disposed on the cutter, and hardfacing affixed to the bit, wherein the hardfacing comprises a mixture of carbide materials, a matrix of iron, nickel, cobalt and alloys thereof, and an amount of fullerene material. The amount of fullerene material added to the mixture may range from up to about 0.05 percent by weight to about 15 percent by weight.