Parasite Mining Pool Strikes Bitcoin Again, Validating Hybrid Model
A revolutionary Bitcoin mining pool, Parasite Pool, has made history by mining its second block, block 945,601, just 48 days after its first. This innovative pool operates on a hybrid model, where the winning miner receives 1 BTC, and the remaining 2.125 BTC plus fees are distributed proportionally among all participants. This approach has no equivalent in mainstream mining. The pool's design has been validated, with the second block carrying 7,398 transactions and 0.002 BTC in fees. With no fees to participate and payouts routed through the Lightning Network, Parasite Pool offers a unique alternative to traditional mining models. The pool's founder, ZK Shark, aims to support home miners, providing a more inclusive and rewarding experience. By splitting the difference between the winner-take-all approach and proportional distribution, Parasite Pool keeps the lottery payday intact while ensuring satoshis flow to participants between blocks. With a current hashrate of 52 petahashes per second, Parasite Pool has demonstrated its potential, and a third block within the next two months would solidify its model's effectiveness.