Bitcoin 'plebs eat first' mining pool Parasite finds its second BTC block
Summary
The Bitcoin mining pool Parasite has successfully mined its second block, block 945,601, approximately 48 days after its first. Unlike traditional pools that use industrial pay-per-share or pure lottery models, Parasite employs a hybrid system where a miner who solves a block receives 1 BTC, while the remainder of the reward is distributed proportionally among all pool participants. This model is designed to support home miners by providing both the excitement of a lottery-style payday and consistent, smaller payouts. Founded by the pseudonymous ZK Shark, the pool has demonstrated the viability of its incentive structure through two successful block discoveries.
(Source:CoinDesk)