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Reading: Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block
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Your Crypto News Today > 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
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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.

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 members based mostly on shares submitted because the earlier block.

There are not any charges to participate on this pool, and payouts are routed via the Lightning Community.

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

That reward is presently 3.125 $BTC plus no matter transaction charges are bundled in, price 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 1000’s of members so the proceeds get cut up by contribution slightly 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 total block reward minus a 2% charge to the finder, however statistical actuality means the overwhelming majority of members by no means see a block.

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

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

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

Parasite is the primary pool at this scale to check whether or not a hybrid cut up retains members mining via the dropping stretches. A 3rd block inside the following two months would settle the case for Parasite’s mannequin, whereas a six-month drought would recommend the primary two had been the simple ones.

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