Luxor designs software program platforms that designed to assist cryptocurrency miners maximise their earnings by means of profit-switching algorithms
() mentioned it’s going to co-lead an funding into Luxor Applied sciences, a administration platform designed to maximise earnings for cryptocurrency miners.
The AIM-listed crypto agency mentioned as a part of the deal it’s going to make investments US$100,000 into Luxor, which the investee will then use to make a number of key engineering hires to strengthen the event of its hashrate administration platform and construct out its proof-of-work software program infrastructure.
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Luxor’s Swap software program product is a profit-switching algorithm that maximises earnings by switching between blockchains and venues to maximise hashrate rewards. The corporate helps over 28,000 crypto miners and has mined over US$45mln in cryptocurrency since its inception, with Argo itself having used Luxor’s profit-switching platform for its Equihash hashrate since its launch in 2020. Luxor can be planning a full launch of an SHA-256 best-price execution algorithm in 2021.
“We’re delighted to be a maiden investor in Luxor because it builds progressive and environment friendly companies for cryptocurrency mining and hashrate merchandise. Our funding reinforces Argo’s dedication to be on the forefront of technological advances in our sector”, Argo chief govt Peter Wall mentioned in an announcement.
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