Braiins Bitcoin Mining Pool Achieves Milestone with 1,000 Daily Lightning Network Payouts!
Braiins Mining Pool Achieves 1,000 Daily Payouts on the Lightning Network
Braiins, a prominent Bitcoin mining pool, has reached a significant achievement by executing over 1,000 daily payouts via the Lightning Network. This landmark event showcases the transformative power of the Lightning Network, facilitating instantaneous, cost-effective transactions at a large scale for miners.
Since launching Lightning payouts in February 2024, in collaboration with the payment service Voltage, Braiins has seen a steady increase in Lightning transaction volumes, reporting consistent double-digit monthly growth. With this innovation, miners can now receive their earnings instantly, avoiding the slow and costly on-chain settlement processes.
Braiins CEO Eli Nagar commented, “Lightning payouts have revolutionized the payout process for miners. Instead of waiting for lengthy on-chain transactions, our miners are enjoying instant, seamless payouts every day.”
From mid-2024 to early 2025, Braiins has recorded an impressive month-over-month increase in Lightning payment volumes, averaging nearly 20%. This instant payout system has been particularly well-received by smaller and mid-sized mining operations that greatly benefit from quicker access to their funds.
By reaching the milestone of over 1,000 daily payouts, Braiins has established itself as a pioneering force in mining technology. Voltage’s CEO, Graham Krizek, remarked, “This achievement highlights how the Lightning Network supports high-volume transactions in a real-world context, operating at a previously unattainable scale.”
As more mining pools begin to leverage Lightning for their payouts, the entire Bitcoin ecosystem stands to gain through reduced congestion, diminished transaction fees, and expedited settlement times.
With the rapid adoption of Lightning technology, the outlook is promising for a more streamlined and effective financial infrastructure benefiting Bitcoin miners around the world.
This article Braiins Mining Pool Achieves 1,000 Daily Payouts on the Lightning Network was originally published on Bitcoin Magazine and penned by Vivek Sen Bitcoin.
The post Braiins Bitcoin Mining Pool Achieves Milestone with 1,000 Daily Lightning Network Payouts! appeared first on Crypto Breaking News.
Filed under: News - @ March 11, 2025 3:28 pm