Parasite Pool Successfully Mines Second Bitcoin Block Using Hybrid Model
- Parasite Pool mined block 945,601, its second block since launching in April, approximately 48 days after the first block.
- The mined block contained 7,398 transactions and generated a fee of 0.002 BTC while Bitcoin was trading at $76,213.
- The pool operates on a unique hybrid model, awarding the finder with a flat rate of 1 BTC and distributing an additional 2.125 BTC plus fees among all participants based on their shares.
- Parasite’s hashrate is currently at 52 petahashes per second (PH/s), down from a peak of 182 PH/s in June.
- Mining rewards have decreased from the pre-halving rate of 6.25 BTC to the current rate of 3.125 BTC.
Parasite Pool aims to provide an alternative for home miners amid competition from large industrial operations by offering both guaranteed payouts and proportional distribution of rewards. The success of its hybrid model could influence future mining strategies within the community.
With its second successful block mined, Parasite Pool demonstrates its ability to maintain participation despite gaps between payouts, validating its innovative approach in the mining landscape.(Source)
