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Connect Your Bitaxe to Parasite Pool — Aussie Guide

Point your Bitaxe at Parasite Pool (parasite.wtf) for low-fee pooled Bitcoin mining with direct wallet payouts — no account needed, fully Aussie-friendly setup.

Mining beginner 15 min read #bitaxe#mining#parasite pool

If you want more frequent payouts than solo mining offers but still want your bitcoin going straight to your own wallet — no exchange, no pool custody — Parasite Pool is worth a look.

Parasite Pool (parasite.space) is a public Bitcoin mining pool built for small miners. There’s no account sign-up, no KYC, and no custodial balance sitting on someone else’s server. You point your Bitaxe at the pool’s stratum server, put your wallet address in the username field, and proportional payouts flow directly to your address as the pool finds blocks. For Australians running a Bitaxe at home, it’s a practical middle ground between the “set and forget” simplicity of a public pool and the romantic-but-statistically-brutal world of solo mining.

This guide walks through the exact steps to configure your Bitaxe via AxeOS in about 15 minutes. You’ll end up with your miner connected, shares being accepted, and a clear picture of what “pooled mining on a Bitaxe” actually means for your electricity bill and payout expectations.

What you’ll need

  • A Bitaxe miner — any model (Gamma 601, Ultra, Supra, Hex, etc.)
  • USB-C power supply (5V, 3A minimum — 5A recommended for Hex)
  • A computer or phone on the same Wi-Fi network as your Bitaxe
  • A Bitcoin address you control — more on choosing the right one below

Step 1 — Choose your payout address

This is the most important step in the whole guide. Your Bitcoin address is your identity on Parasite Pool — there’s no username or account, just the address you enter.

Hardware wallet (recommended): Generate a receive address from a Coldcard, Jade, Foundation Passport, or similar. This means your mining rewards land in cold storage from the first payout. If your hardware wallet uses a fresh address per payment (which most do), you can use any unused receive address — but pick one and stick with it, because Parasite Pool tracks your shares by address.

Hot wallet: A Sparrow wallet, Electrum, or similar software wallet is fine for testing or casual mining. Just make sure you have your seed phrase backed up offline before pointing a live miner at it.

Warning: Do not use an exchange deposit address. Exchanges frequently recycle or expire deposit addresses, and on-chain payouts sent to a recycled address may be lost.

Step 2 — Find your Bitaxe’s IP address

Power on your Bitaxe and wait about 60 seconds for it to connect to your Wi-Fi network. Then find its IP address using one of these methods:

  • Router admin page: Log into your home router (typically 192.168.1.1 or 192.168.0.1) and look for a device called bitaxe or ESP32 in the connected devices list.
  • mDNS: On Mac or Linux, try http://bitaxe.local directly in your browser — it often resolves automatically.
  • Network scanner: Apps like “Fing” (iOS/Android) will list all devices on your network with their IP addresses.

Step 3 — Open AxeOS in your browser

Type your Bitaxe’s IP address into your browser’s address bar. You’ll see the AxeOS web interface — a dark-themed dashboard showing hashrate, temperature, and current pool settings.

http://192.168.1.XXX

Replace XXX with your Bitaxe’s actual last octet. No password is required for AxeOS by default.

Step 4 — Navigate to Settings

In AxeOS, click the Settings icon (gear/cog) in the top-right corner. This opens the configuration panel where you’ll enter the pool details.

Step 5 — Enter the Parasite Pool stratum URL and port

In the Stratum URL (or “Pool URL”) field, enter:

stratum+tcp://parasite.wtf:42069

Some AxeOS versions split this into two separate fields. If yours does, use:

  • Stratum Host: parasite.wtf
  • Stratum Port: 42069

Tip: The domain is parasite.wtf — not parasite.space. The .space domain is the stats dashboard. The .wtf domain is the actual mining endpoint.

Step 6 — Set your username (wallet address + worker name)

In the Username field, enter your Bitcoin address followed by a dot and a short worker name of your choosing:

bc1qYOURADDRESSHERE.bitaxe1

The format is:

BTC_ADDRESS.WORKER_NAME

For example:

bc1qnotarealaddress.steveMiner
bc1qnotarealaddress.jillAxe

The worker name is optional but useful if you’re running multiple Bitaxes — it lets you distinguish them on the parasite.space stats page when you enter your address. Keep it short, lowercase, and alphanumeric (no spaces or special characters).

Step 7 — Enter any password

In the Password field, type anything:

x

Parasite Pool does not check the password field at all. x is convention across most pools that ignore it.

Step 8 — Save and restart

Click Save (or Apply). AxeOS will restart the miner process and begin connecting to parasite.wtf:42069. This takes about 30–60 seconds.

Step 9 — Verify shares are being accepted

After the restart, watch the AxeOS dashboard. Within 2–5 minutes you should see:

  • Best Share or Last Share updating — this means the pool accepted a share from your miner.
  • Hashrate settling to your expected figure (~400–750 GH/s depending on model and tuning).

If you don’t see shares accepted after 5 minutes, jump to the Troubleshooting section below.

Step 10 — Check your stats on parasite.space

Open parasite.space in a browser and paste your Bitcoin address into the search bar at the top. You’ll see your worker’s hashrate, shares submitted, and historical performance.

Payouts occur automatically to your address — check the Parasite Pool site for current payout threshold details, as these can change.

A realistic note on earnings and electricity

A single Bitaxe Gamma 601 runs at roughly 750 GH/s and draws around 15–20W. At $0.30/kWh (a typical NSW or QLD residential rate), that’s about $0.11–$0.14 per day in power costs.

Your earnings from a shared pool depend on the pool’s total hashrate and how many blocks it finds. The larger the pool, the more frequently it finds blocks, and the smaller your proportional share of each one. For a rough estimate, check the parasite.space dashboard for the pool’s current total hashrate — most small hobby miners find that pooled earnings roughly cover (or slightly beat) electricity costs at current bitcoin prices, making it a low-risk way to stack sats.

This is very different from solo mining, where a single Bitaxe at 750 GH/s against roughly 950 EH/s of global network hashrate has an expected time to find a block on its own measured in tens of thousands of years — statistically speaking. Pooled mining trades that “lottery ticket” nature for smaller, more predictable returns.

If you want the full solo experience — where you keep the entire block reward if you win — see the ausolo ckpool guide.

Troubleshooting

Miner shows “Connecting…” but never gets shares accepted Check that you’ve used parasite.wtf (not parasite.space) as the host, and that the port is 42069. Some routers block unusual outbound ports — try switching to a different network or checking your router’s firewall settings.

AxeOS shows wrong hashrate or keeps restarting This is usually a power supply issue. A 5V/3A PSU is the minimum — try a higher-rated supply (5V 4–5A). Overvoltage tuning in AxeOS can also cause instability; reset to defaults under Settings → Reset.

My address doesn’t appear on parasite.space Give it at least 15–30 minutes after your first accepted share. The stats page updates periodically. Make sure you’re pasting your address exactly as entered in AxeOS — any typo means a different (empty) account.

The pool keeps dropping connections Your home internet may be adding latency or packet loss. Try setting a fallback pool — see How to set up a public pool fallback for instructions.

I entered an exchange address by mistake Stop the miner immediately and update the address in AxeOS. Shares submitted before the change may pay out to the old address — contact your exchange’s support team with the transaction details. Use your own wallet address going forward.

What’s next

Frequently Asked Questions

What is Parasite Pool and why would I use it over Braiins or Ocean?

Parasite Pool is a low-fee public pool that pays mined bitcoin directly to your wallet address — no account, no KYC, no custodial balance to worry about. Braiins and Ocean both require you to accumulate a threshold balance before payout, and Ocean has a higher minimum hashrate requirement that can disadvantage a single Bitaxe. Parasite is designed for small miners and self-custody advocates.

What are Parasite Pool's fees?

Parasite Pool charges a low fee on winnings. Check parasite.space for the current rate — it's designed to be competitive for small miners. Because it's a shared pool (not solo), you earn proportional shares of each block the pool finds collectively, so payouts are more frequent than solo mining.

What are my odds of the pool finding blocks with one Bitaxe?

As an individual you contribute your ~750 GH/s to the pool's combined hashrate. The pool's collective hashrate determines block-finding frequency — your payout is proportional to the shares you contribute. You'll receive smaller, more regular payouts compared to solo mining, where a single Bitaxe at 750 GH/s against ~950 EH/s of global network hashrate has an expected solo win time measured in tens of thousands of years.

Should I use a hot wallet or hardware wallet address?

Use a hardware wallet address (Coldcard, Jade, Foundation Passport) wherever possible. Payouts go on-chain to whatever address you enter — there's no pool account to log in to. A hot wallet address is fine for tinkering, but if you're mining long-term, use an address you control with a seed phrase stored safely offline.

What should I enter in the Password field?

Anything — Parasite Pool does not check the password field. Enter 'x', 'password', or leave it blank. The pool authenticates you by your Bitcoin address in the Username field, not by a password.