Back to Feed
Fintech– 0
Bitcoin mining pool finds second block
CoinDesk·
Parasite Pool, a novel bitcoin mining pool targeting home miners, has successfully mined its second block, #945,601. This achievement comes approximately 48 days after its first block, demonstrating the potential viability of its unique hybrid payout model. The pool rewards the block finder with 1 BTC and distributes the remaining reward and fees proportionally among all participants, with no pool fees and Lightning Network payouts. This model aims to retain hashrate during dry spells, contrasting with traditional industrial and solo mining approaches. The pool's sustained operation and two successful block findings offer real-world validation for its design, though its long-term sustainability compared to established methods remains to be seen.
Tickers
$BTC-USD
Tags
crypto
fintech
Original Source
CoinDesk — coindesk.com