Parasite Pool Strikes Again, Mints Second Bitcoin Block

A revolutionary Bitcoin mining pool, Parasite Pool, has achieved its second block, demonstrating the efficacy of its distinctive design. On Friday, the pool mined block 945,601, roughly 48 days after its inaugural block at #938,713 in late February. This block contained 7,398 transactions and 0.002 BTC in fees, with Bitcoin trading at $76,213 at the time. The pool operates on a novel hybrid model, where the winning miner receives 1 BTC outright, and the remaining 2.125 BTC plus fees are distributed proportionally among all participants based on their shares submitted since the previous block. Notably, there are no fees to participate in this pool, and payouts are facilitated through the Lightning Network. The pool's founder, ZK Shark, aims to cater to home miners, offering an alternative to the dominant industrial operators. By splitting the difference between pure solo pools and traditional mining pools, Parasite Pool provides a unique solution, preserving the lottery-style payday while ensuring satoshis continue to flow to participants during the stretches between blocks. The pool's hashrate currently stands at 52 petahashes per second, and its proportional distribution mechanics have now been validated twice. As the first pool of its kind to test a hybrid split, Parasite Pool's success could pave the way for a new approach to Bitcoin mining.