Canada is currently one of the largest mining countries in the world, this article lays out why its likely to stay that way

https://twitter.com/AsILayHodling/status/1432721265991815176

New resource to track how public markets are trading for mining companies- https://hashrateindex.com/stocks

There has been a new trend of hashrate tokens being launched by Binance and Poolin. Other companies are following.

We talked with Amber Group about how to value them, if they are different from Cloud mining etc etc

https://twitter.com/leslamb0/status/1360249356532600832

ASIC prices are up 68% in January...

https://hashrateindex.com/machines/sha256-rig-index

let's get religious. We teamed up with hashr8 to do a deep dive in equihash mining

https://luxor3.b-cdn.net/hashrateindex/research/equihash-mining-bible.pdf

Crazy year for mining. Here are some of the news highlights: https://hashrateindex.com/blog/2020-bitcoin-mining-recap

Some solid earnings from the public miners this week


Public Co Earnings Reports

Canaan (NASDAQ: CAN) - Nov 30, 2020. Canaan reported revenue of $24mm a 5% drop in the period, and a net loss of $12.7 million, more than 4x the size of Q2’s loss.

Hive (CVE: HIVE) - Dec 1, 2020. Hive reported revenue of $13mm, an 8% increase from the same quarter last year. Gross mining margin expanded to $9.2 million, from a loss of more than $560,000. Net income per share grew to $0.03 from a loss of $0.04.

Hut8 (TSE: HUT) - Nov 12, 2020. Hut 8 reported revenue of $4mm, down 43% from the previous quarter, but decreased its loss to only C$900,338 from C$5.19mm a year ago.

Marathon (NASDAQ: MARA) - Nov 12, 2020. Marathon reported revenue of $835,184, a 160% increase from the same period last year. They reported a net loss of $1.99 million, or 6 cents a share, compared with the year-ago loss of $754,407, or 12 cents.

Riot (NASDAQ: RIOT) - Nov 9, 2020. Riot reported revenue of $2.4 million, increasing revenue by 42% from the same period in 2019. The loss per share dropped to $0.04 in Q3, a 50% improvement from a loss per share of $0.08 during the same period last year.

https://luxormining.substack.com/p/-acquire-or-be-acquired

Many are shipping out this week. Think its the August batch

Most of the Z9s will turn off after the ZEC and ZEN halving. that drop in hashrate should slightly offset the block reward halving...  but still going to be painful

It will definitely hurt the profitability for miners. Shortly after ZEC halves Horizen does too. So the emission rate for equihash is going to almost drop by 50% for the same number of miners.

If you got a Z15 for a reasonable price is still a pretty good purchase tho. And we know the Z11 owners have made a killing the past couple of years

We received ours and have it running on an Equihash Switching algorithm - https://medium.com/luxor/introducing-luxor-switch-6c65401d3d71

Or you could just let Luxor do the switching for you and get +4% uplift 

https://medium.com/luxor/introducing-luxor-switch-6c65401d3d71

On May 7th 2020 Bitmain released its new Equihash ASIC Miner, the Antminer Z15. Shortly after, the miner sold out on their website.

The new Antminer is expected to triple its predecessor, the Z11, in hashing power while being more energy efficient. You’ll get about 420KSol/s while consuming 1510 Watts. Which results in 3x the performance and barely any more power consumption. Pricing for the first batch was ~2,100 USD and shipping will happen around end of June 2020.

Luxor Pool just released a Equihash Profit Switcher which has been delivering 104% PPS lately.

Setup guide: https://medium.com/luxor/bitmain-antminer-z15-equihash-zcash-miner-setup-guide-654e3a30f23

Bitmain released their Antminer T19 last night. It sold out pretty quickly but looks like there is a new batch available.

The machine is 84TH/s and 37.5 J/TH

Given the issues with the S17 the T17 seemed to be the better buy. Wonder if the same will be true with T19

Website: https://shop.bitmain.com/product/detail?pid=00020200531222100356V51KHMp50623

Setup Guide: https://luxor.zendesk.com/hc/en-us/articles/360044388071-Bitmain-Antminer-T19-Bitcoin-Mining-Setup-Guide

Luxor Tech is North America’s largest mining pool operator, supporting 15 different coins and over 8,500 miners. We are experienced in delivering high quality pools, with strong uptime and customer service and are thrilled to bring this knowledge to the Bitcoin Mining Industry. BTC

Help us decentralize BTC mining while being paid PPS+.

Setup Guide here: https://medium.com/luxor/tl-dr-how-to-mine-bitcoin-with-luxor-c8a31867f6d6

Mining Site: https://mining.luxor.tech/

• stratum+tcp://btc-us.luxor.tech:6000
  stratum+tcp://btc-cn.luxor.tech:6000
  stratum+tcp://btc-asia.luxor.tech:6000
  stratum+tcp://btc-eu.luxor.tech:6000
  stratum+tcp://btc-sing.luxor.tech:6000

Feel free to ask us questions below or email us at hello@luxor.tech.

Twitter: https://twitter.com/luxortechteam
Discord: https://discordapp.com/invite/AHvsqbW

Hello,

My wiki username is chileanminer and I'd like to edit some mining content.

Thanks in advance.

Hi ReadyPlayer1, first of all thanks for the compliment on our support. We pride ourselves in our community, on Drift, Discord, and Twitter. I really suggest giving us another try, and comparing the payments after a week at each pool. You'll find that PPLNS and Proportional payments (Coinmine and Suprnova) are based on variance. Sometimes they pay more, sometimes alot less.

At Luxor, we pay PPS. I want to take this excerpt from our friends at SiaMining, that have this great descriptor comparing both:

Despite the similar names, PPS (Pay Per Share) and PPLNS (Pay Per Last N Shares) are two very different reward systems.


PPLNS is a modification of the proportional system. The proportional system is perhaps the most natural way to distribute rewards: whenever the pool finds a block, it distributes its value (minus a fee) to miners proportionally to how many shares they have submitted since the previous block. This naive approach is unfortunately easily exploitable by using a technique called pool hopping. PPLNS corrects this issue by considering only the last N shares submitted right before a block was found, and disregarding the rest. If the value of N is chosen appropriately, the system becomes resistant to hopping, but with one side effect: in order to receive fair retribution, in a PPLNS system miners must maintain a relatively constant hashrate at all times. Being a proportional system, PPLNS only rewards miners when a block is found and confirmed by the network, and since finding a block can take considerable time, rewards have a high variance. Additionally, from time to time the pool may find a block that never confirms because another block was found and confirmed before it. Such blocks, called orphans, have no value, and result in missed rewards for miners.


PPS rewards miners with a certain amount (the PPS rate) for every valid share submitted. This amount is determined based on the expected number of shares needed to find a block, and on the reward that finding a block would yield. Note that we say “expected” because mining is a random process, so we can know how many shares will be needed on average in the long run, but not how many will be effectively needed. Since shares are much easier to find than blocks, a miner typically finds several every minute, which drastically reduces the variance of rewards. It is therefore possible for a miner to reliably estimate his earnings, as they do not depend on the luck of the pool. Because miners get paid per share and can tally how many shares they submit, they can easily verify that the promised reward is given, making it impossible for the pool operator to cheat. For the same reason, PPS is completely immune to pool hopping. All in all, PPS arguably offers the fairest payouts for all miners, regardless of hashrate or frequency. The one downside to PPS is for the pool operator, who has to take on the risk of bad luck in finding blocks. To compensate for this risk, PPS pools traditionally charge a higher fee.

Everything else being equal (fee, difficulty, and block reward), in the long run both systems are expected to find the same amount of blocks, but since PPLNS cannot pay for orphaned blocks, PPS miners are expected to receive slightly higher payouts. There are several places on the internet where it is stated that PPLNS yields higher rewards than PPS. The only reason for this is that for a long time PPS pools have had much higher fees than their PPLNS counterparts. For instance DeepBit, which was once the biggest Bitcoin pool, used to charge 3% for PPLNS, but 10% for PPS.

At Luxor, we charge a flat 3% fee for PPS, which is very competitive in the market as of now.

Decred miners make sure to join Luxor's mining pool.

Luxor Mining is a PPS pool with a 3% fee. We believe in Decred and that is why we plan to allocate a portion of fees back to community initiatives. By signing up with Luxor Mining you will be directly supporting the success of Decred.

Here is a guide for Baikal Giant-B miners: https://medium.com/@LuxorTechTeam/how-to-setup-your-baikal-giant-b-62b5f07b867c

We will be posting a setup guide for DragonMint B29's soon!

To check out more about Luxor Mining click here: https://mining.luxor.tech/

Our base cost is currently $85 kW/Month. We provide discounts for quantity (kW) and pre-orders! Message us for further details on that.

We also include alot of other perks such as:
-One month free trial where you only pay cost (electricity + maintenance)
-Free setup during pre-orders
-Reduced mining pool fees, if you join one of Luxor's mining pools. https://mining.luxor.tech/

Try out Luxor!

We operate on a 3% PPS system. We also give back to the community by staking 10% of our fee in a cold wallet to help out Decred. Joining us will directly lead to the success of Decred.

https://mining.luxor.tech/

Cheers,
Luxor Team