29 Jul 2022 | Updated 13 Aug 2022 [mining]

MineXMR to shut down on August 12: 'So long and thanks for all the blocks'

The #11 Monero mining pool, MineXMR2, is apparently planning to close the pool on August 12, just before the v15 Monero network upgrade3, and recommending transitioning to the decentralised p2pool4:

We regret to inform our valued miners that the pool will be closing on August 12. Please reconfigure your miners to use a different pool before this date. Any miners that are not updated before August 12 will stop working.

xnbya5, MineXMR’s admin, has previously cooperated6 with the Monero community by increasing the pool fee from 1% to 1.1% in an attempt to discourage centralization.

It will be interesting to see where ~40%7(~940 MH/s of 2.3 GH/s) of the total Monero network hashrate will go: how many MineXMR miners start using the decentralized P2Pool3, switch to #2 Nanopool8 and other centralized pools, go solo, or just quit.

Consult previous reports91011 for demos and guides, if you need help getting started with P2Pool.

This is an ongoing story and the report will be updated when new information is available.

Update: closure delayed12.