The post This Bitcoin mining pool lets users keep a whole BTC. It just found its second block appeared on BitcoinEthereumNews.com.

A bitcoin mining pool built to reject both the industrial pay-per-share model and the pure lottery approach 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 fees, landing with bitcoin trading at $76,213. The pool operates on a hybrid model that has no parallel in mainstream mining. A winning miner that solves a block receives 1 BTC outright, with the remaining 2.125 BTC plus fees distributed proportionally among all pool participants based on shares submitted since the previous block. There are no fees to take part in this pool, and payouts are routed through the Lightning Network. Mining secures bitcoin by having computers compete to solve a cryptographic puzzle every 10 minutes, with the winner earning the right to add the next block of transactions to the blockchain and collecting a reward. That reward is currently 3.125 BTC plus whatever transaction fees are bundled in, worth about $238,000 at Friday’s price, down from 6.25 BTC after the April 2024 halving and scheduled to drop again to 1.5625 BTC in 2028. The competition is dominated by industrial operators running warehouse-scale facilities of specialized ASIC hardware that pulls enough electricity to rival a small city. Mining pools exist to smooth the variance of who finds blocks, bundling the hashrate of thousands of participants so the proceeds get split by contribution rather than winner-take-all. Parasite is founded by ZK Shark, the pseudonymous creator of Ordinal Maxi Biz (an NFT collection on Bitcoin), and targets the home miner. Pure solo pools like CKpool pay the full block reward minus a 2% fee to the…

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Filed under: News - @ April 18, 2026 5:29 pm