Bitcoin Mining Pool Parasite Strikes Again, Uncovering Its Second Block

The innovative bitcoin mining pool, Parasite Pool, has achieved its second block, block 945,601, on Friday, roughly 48 days after its first block at #938,713 in late February. This pool operates on a distinctive hybrid model, where the winning miner receives 1 BTC, and the remaining 2.125 BTC plus fees are distributed proportionally among all pool participants based on shares submitted since the previous block. There are no fees associated with participating in this pool, and payouts are facilitated through the Lightning Network. The pool's design aims to provide a middle ground between the industrial pay-per-share model and the pure lottery approach. By distributing rewards in this manner, Parasite Pool seeks to provide a more equitable and engaging experience for its participants, particularly home miners. The pool's founder, ZK Shark, is also the creator of the Ordinal Maxi Biz NFT collection on Bitcoin. The second block mined by Parasite Pool carries significant weight, as it demonstrates the pool's ability to retain hashrate and validate its proportional distribution mechanics. With a current hashrate of 52 petahashes per second, Parasite Pool accounts for roughly 0.005% of bitcoin's estimated 1-zetahash network hashrate. The success of this pool may pave the way for a new approach to bitcoin mining, one that balances the interests of both the winning miner and the broader pool participants.