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DeFi

Bitcoin Mining Micropayments Pool on Solana

Bitcoin Mining Micropayments Pool on Solana

Harsh Ghodkar

Harsh Ghodkar

Problem to Solve

Bitcoin mining pools currently have high minimum payout thresholds (typically 0.001 BTC) due to Bitcoin's high transaction fees and Lightning Network limitations. This creates significant barriers for small-scale miners operating devices like Bitaxes (1-8 TH/s hashrate) who contribute fewer shares and rarely reach minimum payout thresholds. As a result, small miners either solo mine with virtually no chance of success or are excluded from pool mining entirely, leading to centralization where only major players can effectively participate in mining pools. This discourages home miners and reduces Bitcoin network decentralization.

Possible Solution

Create a Bitcoin mining pool that leverages Solana's low-cost infrastructure and Zeus Network's Bitcoin bridge technology. The solution involves: 1) Forking Bitaxe OS to accept Solana wallet addresses from miners, 2) Building a mining pool on Apollo BTC portal infrastructure, 3) When the pool successfully mines a Bitcoin block, converting the BTC rewards to $zbtc (wrapped Bitcoin on Solana), 4) Distributing proportional rewards as Solana-based micropayments to miners based on their contributed shares, regardless of hashrate size. This eliminates minimum payout thresholds and enables true micropayments for any contribution level, making pool mining accessible to all miners while enhancing Bitcoin DeFi activity on Solana.

Resources

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