Mining Squared, a newly launched Bitcoin mining pool, has reported a dramatic hashrate increase from 800 TH/s to 16.97 EH/s after joining Nubit’s Bitcoin Thunderbolt project. According to mempool.space data, the pool now accounts for 2.08% of the total Bitcoin network hashrate, placing it at 8th globally among all mining pools.
Bitcoin Thunderbolt: A Decade-Defining Infrastructure Upgrade
Nubit developed Bitcoin Thunderbolt as a coordination layer optimized for high-performance Bitcoin environments, including mining and trustless settlement. By leveraging UTXO bundling, the protocol enables distributed systems to operate with shared execution logic and reduced latency, allowing multi-party collaboration without requiring formal integration between operators. Nubit describes it as the most remarkable innovation in the Bitcoin world over the past ten years.
From HODL to Intelligent Mining Strategies
Mining Squared was purpose-built to support the evolving Bitcoin mining ecosystem, shifting miners from the traditional “HODL and hope” approach to more dynamic, capital-efficient strategies. The pool provides access to yield-generating tools, and its team plans to expand the product suite with cloud mining and on-chain lending services in partnership with ecosystem players.
Test Partnership Validates Scalability
On March 27, Nubit officially counted Mining Squared as a test partner for Bitcoin Thunderbolt after a rigorous evaluation process. The explosive growth in hashrate – from 800 TH/s to 16.97 EH/s – demonstrates the protocol’s ability to aggregate hash power and reduce latency in real-world conditions. Nubit intends to serve more retailer-centric small pools like Mining Squared in the near future, building an unstoppable network that scales Bitcoin assets and execution layers.
Industry observers note that Bitcoin Thunderbolt could reshape the mining landscape by lowering the barriers for smaller miners to compete, potentially enhancing the decentralization of the Bitcoin network.