Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block
Share
bitcoin
Bitcoin (BTC) $ 66,157.00
ethereum
Ethereum (ETH) $ 1,928.00
tether
Tether (USDT) $ 0.999198
bnb
BNB (BNB) $ 576.64
usd-coin
USDC (USDC) $ 0.999902
xrp
XRP (XRP) $ 1.13
binance-usd
BUSD (BUSD) $ 0.99788
dogecoin
Dogecoin (DOGE) $ 0.07342
cardano
Cardano (ADA) $ 0.174422
solana
Solana (SOL) $ 78.08
polkadot
Polkadot (DOT) $ 0.859044
tron
TRON (TRX) $ 0.327271
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Mycryptopot > Uncategorized > Mining > Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block
Mining

Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block

April 19, 2026 4 Min Read
Share
image
mycryptopot

A bitcoin mining pool constructed to reject each the economic pay-per-share mannequin and the pure lottery method has now proved its design works. Twice.

Upstart mining pool Parasite Pool mined block 945,601 on Friday morning, its second block since launching in April 2025 and roughly 48 days after the pool’s first block at #938,713 in late February.

mycryptopot

The block carried 7,398 transactions and 0.002 $BTC in charges, touchdown with bitcoin buying and selling at $76,213.

pic.twitter.com/2AdCi00t2V

— Parasite Pool (@Parasite_wtf) April 18, 2026

The pool operates on a hybrid mannequin that has no parallel in mainstream mining. A profitable miner that solves a block receives 1 $BTC outright, with the remaining 2.125 $BTC plus charges distributed proportionally amongst all pool contributors primarily based on shares submitted for the reason that earlier block.

There aren’t any charges to participate on this pool, and payouts are routed by way of the Lightning Community.

Mining secures bitcoin by having computer systems compete to unravel a cryptographic puzzle each 10 minutes, with the winner incomes the suitable so as to add the following block of transactions to the blockchain and gathering a reward.

mycryptopot

That reward is presently 3.125 $BTC plus no matter transaction charges are bundled in, value about $238,000 at Friday’s worth, down from 6.25 $BTC after the April 2024 halving and scheduled to drop once more to 1.5625 $BTC in 2028.

The competitors is dominated by industrial operators working warehouse-scale amenities of specialised ASIC {hardware} that pulls sufficient electrical energy to rival a small metropolis.

Mining swimming pools exist to easy the variance of who finds blocks, bundling the hashrate of hundreds of contributors so the proceeds get cut up by contribution fairly than winner-take-all.

Parasite is based by ZK Shark, the pseudonymous creator of Ordinal Maxi Biz (an NFT assortment on Bitcoin), and targets the house miner.

Pure solo swimming pools like CKpool pay the complete block reward minus a 2% payment to the finder, however statistical actuality means the overwhelming majority of contributors by no means see a block.

However Parasite’s reply is to separate the distinction. The 1 $BTC finder’s payment preserves the lottery payday, whereas proportional distribution of the rest retains satoshis flowing to contributors through the stretches between blocks.

The second block carries extra weight than the primary. The pool retained hashrate by way of the 48-day hole between payouts, and the proportional distribution mechanics now have two rounds of actual validation fairly than one.

Parasite’s hashrate presently sits at 52 petahashes per second, down from a peak of 182 PH/s in June 2025, in line with the pool’s dashboard. That works out to roughly 0.005% of bitcoin’s estimated 1-zetahash community hashrate.

The sample round solo and small-pool mining has been working scorching.

CoinDesk reported earlier this 12 months on a 230 terahash-per-second house miner who beat 1-in-28,000 odds to say block 943,411 and a $210,000 reward, and on a separate operator who rented $75 of cloud hashrate to validate block 938,092 through CKpool for a $200,000 payday. Each wins adopted the CKpool mannequin of winner-take-all minus a 2% payment.

Parasite is the primary pool at this scale to check whether or not a hybrid cut up retains contributors mining by way of the shedding stretches. A 3rd block inside the following two months would settle the case for Parasite’s mannequin, whereas a six-month drought would counsel the primary two had been the straightforward ones.

mycryptopot

You Might Also Like

Search Engine Giant Google is Removing Cryptocurrency Exchanges Not Registered in This Country from Its Store! Here Are the Details

Bybit adds SUI to on-chain earn platform

IREN soars 11% after mining more Bitcoin than MARA in July

Coinbase Makes Unexpected Announcement About Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP)

Pudgy Penguins NFT price surpass Bored Ape Yacth

TAGGED:MiningMining NewsNews
Share This Article
Facebook Twitter Copy Link
Previous Article image The Oil Cliff of April 19 Could Affect Bitcoin Again
Next Article image Top 10 NFT Performers by Weekly Sales Volume, Courtyard Outshines
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
mycryptopot

Popular News

Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Shiba Inu
Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now?
Shiba Inu
Cardano: Recent Poll Has ADA Beating Out Ethereum & Solana
image
Solana Announces $100k Giveaway — What This Could Unlock
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
- Advertisement -
mycryptopot

You Might Also Like

Riot Platforms Secures $100M Bitcoin-Backed Credit Line From Coinbase
Mining

Riot Platforms Secures $100M Bitcoin-Backed Credit Line From Coinbase

April 25, 2025
image
Market

Trump’s crypto ventures yield $2.4B since 2022: Report

August 16, 2025
image
Metaverse

Meta commits $13M in funding for Oversight Board through 2028

June 28, 2026
UAE Central Bank Reveals Digital Dirham Symbol, Targets Late 2025 Launch
Market

UAE Central Bank Reveals Digital Dirham Symbol, Targets Late 2025 Launch

April 1, 2025
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

‘I Hope Bitcoin Crashes. I Will Buy More’
Arthur Hayes Accused Again of Using Followers as Exit Liquidity, On-Chain Data Suggests
$460M Crypto Longs Squeezed As Bitcoin Slips Below $90,000

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?