Home Mining Luxor Mining Pool Review: New But Promising Mining Pool or Scam?

Luxor Mining Pool Review: New But Promising Mining Pool or Scam?

by cryptocreed

Last Updated on October 9, 2022 by cryptocreed

In the world of mining, there are many mining pools some are dedicated to one coin while some are offering multiple coin mining. Some mining pool doesn’t charge a fee while some charge a big % of the fee.

But in this article, we are going to review Luxor. Mining Pool is known for its premium mining pool and other services. It is considered a highly trusted miners but in a limited place.

In this Luxor Mining Pool Review we are going to see what Luxor Pool is, what are their fees, payout, comparison, profitable or not, and much more.

What Is Luxor Mining Pool?

Luxor Mining pool or Luxor Technologies was founded in late 2019 to solve mining-related problems and to provide a better mining environment.

They didn’t only develop a mining pool but also other products like Hashrate Index and Viridi Funds. Luxor teams follow Satoshi Nakamoto’s Proof of Work idea to keep the decentralized platform secure.

They have more than 3500 active miners and are backed by top miners including Argo, Marathon, CoputeNorth, Atlas mining, NYDIG, and more.

How To Start With Luxor Mining?

Joining Luxor is absolutely free even though it looks like a premium mining platform. To register on the platform first visit using this link and then click on Start Mining.

Enter your email, password, and username, and click on the register button to get registration done.

Now choose the coin that you want to mine and then click on Miners. On this page, you will find the setting option next to the delete icon. Click on it and you will get the mining address and worker name.

stratum+tcp://sc.global.luxor.tech:700

stratum+tcp://btc.global.luxor.tech:700

You have to simply replace BTC or SC with your coin ticker.

You have to add these details to your mining configuration file. Now you are ready to start your mining with the Luxor mining pool.

Is Joining A Luxor Mining Pool Free?

Joining the mining pool is absolutely free but using it is not free, there is a fee that you have to pay from your mined coins. For different mining fee on different coins checks out the fee structure below.

  • SC – 2%
  • BTC – 2.5%
  • Dash – 2.5%
  • Pirate – 5%
  • Zen – 3%
  • Zec – 3%

Highlighted Features Of Luxor Mining Pool

PPS Payment Model: It pays in one simple payout model and it is Pay Per Share for all supported coins.

Crypto Tax Friendly: If you have to pay taxes then it might be hard for you to bring data from the mining pool but with Luxor, you will get a crypto tax report.

SubAccounts: Luxor allows users to create up to 1000 subaccounts for a better mining experience.

Security: For security it uses 2FA, users have to enable it from their setting page.

Developers API: Developers who are willing to fetch data from Luxor can use their open API.

Payment Methods & Setting

To set your withdrawal settings first log in to your Luxor account then choose the coin that you want to use, now go to the Wallet page.

To add a new address click on the yellow button “Create New Wallet Address” enter your wallet address and give a name.

Click on Manage Payments to set minimum withdrawal and auto-withdrawal timing.

Luxor Mining Pool Is Legit Or Not?

Luxor mining pool is a legit and highly trusted mining pool. The rating platforms like Cryptocompare and Revain show that users have a positive view of Luxor mining.

On Revain, users rated 4.1 out of 5 from 11 reviews. On CryptoCompare, Luxor has a rating of 3.5 out of 5 from 15 reviews. Most of the users are not happy with their fees but overall users are loving to use them.

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