Compass Mining, the world's first online marketplace for Bitcoin mining hardware and hosting, today announces its partnership with Luxor Mining to offer Compass miners discounted pool fees. Starting this week, Compass miners who join Luxor’s pool will receive a roughly 50% fee discount.
Since October 2020, some Compass miners have already subscribed to Luxor. Compass miners are always able to pick whichever mining pool they want to join, but a select few pools partner with Compass to offer miners discounts on pool fees. With the partnership, Compass miners using Luxor will pay 1.20% pool fees instead of the standard 2.50% fee.
“We began building Luxor in 2017, working with many retail mining clients across pools. Compass shares this ethos with us and aims to help anyone get into mining,” said Ethan Vera, co-founder of Luxor. “We see this relationship as a natural strategic partnership, uniting the Compass and Luxor community.”
Luxor’s bitcoin mining pool pays miners on a Full Pay-Per-Share (FPPS) basis. Read more about how pool payouts function here.
“Compass is excited to offer discounted fees to our miners through Luxor,” said Thomas Heller, Chief Business Officer at Compass. “We welcome all pools that want to incentivize our miners to join them. Luxor is a valued partner for us to better serve our retail miners."