Luxor Mining Pool

Luxor Mining Pool is a Bitcoin mining pool operated by Luxor Technology, a U.S.-based company that has built an unusually broad mining-markets business around its pool: hashrate derivatives, market data, ASIC brokerage, and firmware. The pool markets itself to both retail and institutional miners and holds a SOC 2 Type 2 security attestation. Its share of network hashrate generally sits in the low single-digit percentages — second-tier by size, but first-tier in influence on how the industry prices and trades its own output.

Payout model

Luxor pays miners using Full Pay Per Share (FPPS): a predictable per-share rate that bundles the block subsidy with an estimate of transaction fees, insulating miners from pool luck. Luxor has also published research on fixed-payout alternatives to standard FPPS, arguing that different fee-estimation methods materially change miner revenue — a question that grows sharper as fees become a larger share of the block reward across halvings. Published fees and payout thresholds vary and should be confirmed directly with the pool.

Hashrate Index and hashprice

Luxor is best known beyond its pool for the Hashrate Index, a data service that publishes hashprice — expected revenue per unit of hashrate per day — along with ASIC price indices and network analytics. Hashprice has become the industry's de facto profitability shorthand: miners quote it the way farmers quote grain prices, using it to judge whether a pool's payouts are competitive, when to curtail, and what a used S19 is actually worth. By naming and standardizing the metric, Luxor gave the industry a common unit of account for its own economics, independent of which pool anyone mines on.

Financialization of hashrate

The same market focus extends into hashrate derivatives: Luxor operates venues for instruments such as hashprice non-deliverable forwards, which let miners lock in future revenue per terahash and let speculators take the other side. For an industrial miner, hedging hashprice is the same instinct as a wheat farmer selling futures — converting an uncertain revenue stream into a plannable one. This financialization layer, along with hashrate marketplaces, is steadily turning raw computation into a tradeable commodity, with Luxor among the firms building the plumbing. Luxor also develops ASIC firmware as part of its stack; D-Central covers firmware options generically and positions its own tooling separately, so we simply note the fact.

Context

Luxor's data products have a second-order effect worth appreciating: they professionalized the resale and repair economy around mining hardware. When ASIC price indices exist, a used S19's fair value stops being a forum guess and becomes a quotable number, which changes the calculus for everyone who refurbishes, repairs, or redeploys older machines rather than scrapping them — the segment of the industry D-Central lives in. A miner deciding whether a hashboard repair is worth the bench time is implicitly doing hashprice math: expected revenue per terahash, times the board's terahash, against the cost of the fix. Public, standardized data makes that arithmetic honest. The same transparency disciplines pool selection itself, since a miner who knows the theoretical FPPS value of their hashrate can audit whether any pool's payouts — Luxor's included — actually deliver it. Data cuts both ways, and publishing it anyway is a genuine contribution to an industry that ran on rumor for its first decade.

Luxor's pool follows the conventional operator-built-template model, so the standard decentralization considerations apply as they do to every legacy pool. Its distinctive contribution is transparency of a different kind: better public data about mining economics, which benefits every miner who ever has to decide whether to plug in, curtail, or sell.

See live pool share in the pool centralization tracker.