{"id":56512,"date":"2022-01-25T10:00:18","date_gmt":"2022-01-25T08:00:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56512"},"modified":"2025-09-04T06:47:30","modified_gmt":"2025-09-04T03:47:30","slug":"luxor-launches-ethereum-mining-pool","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/luxor-launches-ethereum-mining-pool\/","title":{"rendered":"Luxor launches Ethereum mining pool"},"content":{"rendered":"<p>The American mining company Luxor Technology announced the launch of a mining pool aimed at mining the second-largest cryptocurrency by market capitalization.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Luxor&#8217;s Ethereum mining pool is now open to the public! \u2666\ufe0f<\/p>\n<p>Our new pool is optimized for MEV, a low uncle rate, and allows miners to receive their payouts in <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>Are you an ETH miner in North America (or elsewhere)? Hit us up \ud83e\udd1d<a href=\"https:\/\/t.co\/INnyyRhQpd\">https:\/\/t.co\/INnyyRhQpd<\/a><\/p>\n<p>\u2014 Luxor Mining (@LuxorTechTeam) <a href=\"https:\/\/twitter.com\/LuxorTechTeam\/status\/1485623458209812482?ref_src=twsrc%5Etfw\">January 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe are closely monitoring the development of ETH 2.0, and we are launching the pool even now because we believe there is a high likelihood that this year Ethereum&#8217;s transition to<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\"> Proof-of-Stake<\/a> will not take place\u00bb, \u2014 said in an interview<a href=\"https:\/\/www.coindesk.com\/business\/2022\/01\/24\/luxor-starts-ethereum-mining-pool-as-proof-of-stake-shift-looms\/\"> CoinDesk<\/a> co-founder Luxor Mining Ethan Vera.<\/p>\n<\/blockquote>\n<p>Miners can extract Miner Extractable Value. The pool is optimized for detecting uncle blocks and is compatible with the Catalyst service \u2014 it allows payouts in Bitcoin.<\/p>\n<p>Luxor has also begun assembling a consortium to keep Ethereum on Proof-of-Work. The company regards the algorithm as the best way to ensure network security, decentralisation and incentivise the transition to cleaner energy.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe believe that Proof-of-Work is the most reliable and proven mechanism for public blockchains, including Ethereum\u00bb, \u2014 said Vera.<\/p>\n<\/blockquote>\n<p>According to the press release, Luxor Technology works with major institutional miners, including Hut 8, and several retail players in the North American market.<\/p>\n<p>In May 2021, developer Karl Bihzeisen predicted that after Ethereum&#8217;s shift away from Proof-of-Work, electricity costs to maintain the network could be reduced by as much as 2,000 times<a href=\"https:\/\/u1f987.com\/en\/news\/developer-predicts-a-99-95-drop-in-ethereums-energy-use-after-pow-switch\">.<\/p>\n<p>In early 2022, Luxor Technology launched a service for trading Bitcoin mining hardware. The platform offers new and used ASIC miners, GPUs and parts for devices.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The American mining company Luxor Technology announced the launch of a mining pool aimed at mining the second-largest cryptocurrency by market capitalization.<\/p>\n","protected":false},"author":1,"featured_media":56513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,46],"class_list":["post-56512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56512"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56512\/revisions"}],"predecessor-version":[{"id":56514,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56512\/revisions\/56514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56513"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}