Braiins becomes the first mining pool to introduce Lightning payouts

Braiins, the leading mining pool in the Bitcoin industry, has taken a huge step forward by becoming the first mining pool to introduce Lightning payouts. This pioneering move marks a notable advancement in Lightning Network (LN) integration within the mining sector.

Lightning Payment Introduction ⚡️

We are excited to be the first mining pool to use the Lightning Network.

Miners can now receive rewards immediately, with no minimums or fees. pic.twitter.com/h1GSvxj78D

— Brains (@BraiinsMining) February 21, 2024

“The decision to integrate the Lightning Network stemmed from a deep understanding of the challenges and opportunities within the mining community,” said Kristian Csepcsar, head of propaganda at Braiins. “We also discovered through internal research in the mining community that LN is a highly requested feature. Miners really like experimenting with cutting-edge technologies, and in this case Lightning allows them to avoid address reuse and benefit from improved privacy. You can do it. It’s one of all the features of Lightning, including lower fees and no permanent information on the blockchain.”

The Lightning Network, a second layer solution for faster and cheaper Bitcoin transactions, is seeing increasing adoption across various sectors within the Bitcoin space. Braiins aims to improve the efficiency and speed of miners’ payments by implementing Lightning payouts.

Lightning payments allow miners to receive rewards quickly and seamlessly and avoid the delays and congestion associated with traditional on-chain transactions. This innovation not only benefits miners by providing them with faster access to profits, but also contributes to the overall scalability and usability of the Bitcoin network.

“We believe we have taken another step toward Lightning adoption. As more users and Bitcoin users use Lightning, the network will become more stable and reliable,” Csepcsar added. “As the first mining pool in history, we really love our precious old on-chain Bitcoin, but Lightning is not only a huge help to miners, it also improves the health of the blockchain by preventing it from getting clogged with small payout UTXOs. “I think we can do it.”

By pioneering Lightning payouts, Braiins sets a precedent for other mining pools to follow, potentially driving widespread adoption of Lightning Network solutions across the mining industry. A public release is expected in the coming weeks, but interested miners can request access to this new feature through Braiin’s support desk here.

“We’re very optimistic about the Lightning and we think we’re just getting started,” Csepcsar said. “We’re excited to deploy one more node to our network!”