Parasite Mining Pool Strikes Again, Finding Its Second Bitcoin Block

A groundbreaking bitcoin mining pool, designed to challenge traditional pay-per-share and lottery-based models, has achieved its second major milestone. Parasite Pool, which launched in April 2025, mined block 945,601 on Friday, about 48 days after its inaugural block at #938,713 in late February. The block contained 7,398 transactions and 0.002 BTC in fees, with bitcoin trading at $76,213 at the time. This pool operates on a unique hybrid model, where the winning miner receives 1 BTC, and the remaining 2.125 BTC, plus fees, are proportionally distributed among all participants based on their shares since the previous block. Notably, there are no fees to participate in this pool, and payouts are made through the Lightning Network. The concept of mining involves computers competing to solve a cryptographic puzzle every 10 minutes, with the winner earning the right to add the next block of transactions to the blockchain and collecting a reward, currently valued at around $238,000. The mining landscape is dominated by industrial operators with large-scale facilities, but Parasite Pool, founded by ZK Shark, targets home miners. By preserving the lottery-style payday with a 1 BTC finder's fee and distributing the remainder proportionally, Parasite aims to keep rewards flowing to participants between blocks. The pool's second block is significant, as it demonstrates the retention of hashrate and validates the proportional distribution mechanics. With a current hashrate of 52 petahashes per second, Parasite is testing a new approach to mining, one that could potentially keep participants engaged through the inevitable downturns.