Parasite Pool Mines Second Bitcoin Block, Proving Hybrid Model's Effectiveness

A novel Bitcoin mining pool, Parasite Pool, has achieved its second block, demonstrating the efficacy of its distinctive hybrid model. This innovative approach combines elements of both the industrial pay-per-share model and the pure lottery method, providing a unique solution for miners. On Friday, the pool mined block 945,601, which contained 7,398 transactions and 0.002 BTC in fees, with Bitcoin trading at $76,213 at the time. The winning miner received 1 BTC, while the remaining 2.125 BTC plus fees were distributed proportionally among all pool participants based on their shares submitted since the previous block. Notably, there are no fees associated with participating in this pool, and payouts are facilitated through the Lightning Network. The pool's design aims to address the variance in block discovery, allowing participants to receive consistent rewards. Founded by ZK Shark, the creator of the Ordinal Maxi Biz NFT collection, Parasite Pool targets home miners and offers a more equitable distribution of rewards. Unlike traditional solo pools, which often result in the majority of participants never finding a block, Parasite Pool's hybrid approach preserves the lottery-style payday for the block finder while providing proportional rewards to participants during the periods between block discoveries. The pool's hashrate currently stands at 52 petahashes per second, accounting for approximately 0.005% of Bitcoin's estimated 1-zetahash network hashrate. As the mining landscape continues to evolve, Parasite Pool's model may provide a viable alternative for miners seeking a more sustainable and rewarding experience.