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Bitcoin 'Plebs eat first' Mining Pool Parasite Finds Its Second BTC Block
The Parasite Pool, a Bitcoin mining pool designed for home miners, successfully mined its second block, #945,601, approximately 48 days after its first block. This innovative pool employs a unique hybrid payout model, rewarding the block finder with 1 Bitcoin while distributing the remaining 2.125 Bitcoin and transaction fees proportionally among all participants, without any pool fees and utilizing the Lightning Network for payouts.
This second successful block indicates that the Parasite Pool can maintain its hashrate even during extended periods without block discoveries. The model's sustainability compared to traditional industrial and solo mining pools will be evaluated in the future. The block contained 7,398 transactions and 0.002 BTC in fees, with Bitcoin trading at $76,213 at the time of processing.
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"The finder fee of 1 BTC preserves the lottery win, while the proportional distribution of the remaining amount ensures that participants receive rewards even during periods between blocks."
Currently, the Parasite Pool operates with a hashrate of 52 petahashes per second, down from a peak of 182 PH/s in June 2025, representing about 0.005% of Bitcoin's estimated 1 zettahash network hashrate. The pool's design aims to provide a middle ground between traditional mining models, allowing participants to continue mining even during less profitable phases.
In summary, the Parasite Pool's second block mining success reinforces its innovative approach to Bitcoin mining, potentially offering a sustainable alternative for home miners.
Major Crypto Theft in 2026: Kelp DAO Loses $292 Million
A significant security breach occurred at Kelp DAO, where an attacker exploited the LayerZero-powered bridge to steal 116,500 rsETH, amounting to approximately $292 million and representing around 18% of the circulating token supply. This incident triggered emergency pauses in core contracts across multiple platforms, including Aave, SparkLend, Fluid, and Upshift.
The breach highlights vulnerabilities in decentralized finance (DeFi) protocols, particularly those that manage substantial reserves across various networks. The incident has raised concerns about the security measures in place to protect user assets in the rapidly evolving crypto landscape.
In conclusion, the Kelp DAO incident underscores the ongoing risks associated with DeFi platforms and the need for enhanced security protocols to safeguard against such large-scale thefts.
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