By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Notification
yourcryptonewstoday yourcryptonewstoday
  • Home
  • News
    • Crypto Bubbles
    • Regulations
    • Metaverse
  • MarketCap
  • Altcoins
    • Solana
  • Crypto
    • Bitcoin
    • Ethereum
    • Cardano
  • Blockchain
  • Market
    • Nft
  • Mining
  • Exchange
  • Analysis
    • Evaluation
    • Multi Currency
Reading: Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block
Share
bitcoin
Bitcoin (BTC) $ 81,596.00
ethereum
Ethereum (ETH) $ 2,394.97
tether
Tether (USDT) $ 0.999142
bnb
BNB (BNB) $ 728.02
usd-coin
USDC (USDC) $ 0.999898
xrp
XRP (XRP) $ 1.30
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.079242
cardano
Cardano (ADA) $ 0.216458
solana
Solana (SOL) $ 104.55
polkadot
Polkadot (DOT) $ 1.14
tron
TRON (TRX) $ 0.331443
Your Crypto News TodayYour Crypto News Today
  • Home
  • News
  • MarketCap
  • Altcoins
  • Crypto
  • Blockchain
  • Market
  • Mining
  • Exchange
  • Analysis
Search
  • Home
  • News
    • Crypto Bubbles
    • Regulations
    • Metaverse
  • MarketCap
  • Altcoins
    • Solana
  • Crypto
    • Bitcoin
    • Ethereum
    • Cardano
  • Blockchain
  • Market
    • Nft
  • Mining
  • Exchange
  • Analysis
    • Evaluation
    • Multi Currency
© 2024 All Rights reserved | Protected by Your Cryptonews Today
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
Share
image

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.

You Might Also Like

Newly Created Address Moves $15.2M in HYPE From Coinbase to Staking

Microsoft says legacy banks are hitting a breaking point as AI takes over the heavy lifting

FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely

Binance to Suspend IOTA Withdrawals on This Date, Here’s Why

Swiss banking giant UBS planning to offer crypto services to specific clients

TAGGED:MiningMining NewsNews
Share This Article
Facebook Twitter Copy Link
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published.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

Popular News

152 Million SHIB Tokens Sent to Dead Wallets From Coinbase Uncovered
152 Million SHIB Tokens Sent to Dead Wallets From Coinbase Uncovered
Are NFTs Making a Return to Auction Houses?
Are NFTs Making a Return to Auction Houses?
Bitcoin miners' profits decline for the fourth consecutive month
Bitcoin miners’ profits decline for the fourth consecutive month
German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid
German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid
Bitcoin Not a Threat to US Dollar, Donald Trump Asserts
Bitcoin Not a Threat to US Dollar, Donald Trump Asserts
Bitcoin Mining Costs Soar as Miners Expect Long-Term Price Boosts
Bitcoin Mining Costs Soar as Miners Expect Long-Term Price Boosts

You Might Also Like

Market signal from Bitcoin shows the S&P 500 will surge massively in the short term
Market

Market signal from Bitcoin shows the S&P 500 will surge massively in the short term

May 7, 2025
Trump’s Inauguration Sees OBT Token Launch and KuCoin Listing
Exchange

Trump’s Inauguration Sees OBT Token Launch and KuCoin Listing

January 21, 2025
FinTech Digital Asset Raises $135M for Its Institutional Blockchain Canton Network
Market

FinTech Digital Asset Raises $135M for Its Institutional Blockchain Canton Network

June 24, 2025
Binance Boosts Compliance Staff By 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’
Exchange

Binance Boosts Compliance Staff By 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’

November 26, 2024
yourcryptonewstoday yourcryptonewstoday
yourcryptonewstoday yourcryptonewstoday

"In the fast-paced world of digital finance, staying informed is essential, and we’re here to help you navigate the evolving landscape of crypto currencies, blockchain, & digital assets."

Editor Choice

Bitcoin enters a new regulatory stage this Monday
Bitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead
Saudi-based bank SAB touts first Islamic Repo completed on blockchain

Subscribe

* indicates required
/* real people should not fill this in and expect good things - do not remove this or risk form bot signups */

Intuit Mailchimp

Follow Us on Socials

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

Twitter Linkedin Facebook
  • About Us
  • Contact Us
  • Disclaimer
  • Terms of Service
  • Privacy Policy
Reading: Bitcoin ‘plebs eat first’ mining pool Parasite finds its second BTC block
Share
Follow US
© 2025 All Rights reserved | Protected by Your Crypto News Today
Welcome Back!

Sign in to your account

Lost your password?