{"id":555405,"date":"2023-02-22T16:46:36","date_gmt":"2023-02-22T13:46:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/luxor-mining-acquires-ordinalhub-amid-bitcoin-based-nfts-hype\/"},"modified":"2023-02-22T16:46:36","modified_gmt":"2023-02-22T13:46:36","slug":"luxor-mining-acquires-ordinalhub-amid-bitcoin-based-nfts-hype","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/luxor-mining-acquires-ordinalhub-amid-bitcoin-based-nfts-hype\/","title":{"rendered":"# Luxor Mining acquires OrdinalHub amid Bitcoin-based NFTs hype"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a301f96b9c42\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a301f96b9c42\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/luxor-mining-acquires-ordinalhub-amid-bitcoin-based-nfts-hype\/#%E2%80%9D_Luxor_Mining_acquires_OrdinalHub_amid_Bitcoin-based_NFTs_hype_%E2%80%9C\" >&#8221; Luxor Mining acquires OrdinalHub amid Bitcoin-based NFTs hype &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Luxor_Mining_acquires_OrdinalHub_amid_Bitcoin-based_NFTs_hype_%E2%80%9C\"><\/span>&#8221; Luxor Mining acquires OrdinalHub amid Bitcoin-based NFTs hype &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvODg0NzljOGQtNDhiMi00ZTdhLWIzNjgtYzJhZWQ5OGM5MGRkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>The January launch of Bitcoin Ordinals\u00a0created a stir within the crypto community about its place within the Bitcoin ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from BTC\u2019s peer-to-peer cash system vision.<\/p>\n<p>No matter the community sentiment on the Bitcoin-based nonfungibale token (NFT) issue, this did not stop Bitcoin (BTC) mining firm Luxor Mining from acquiring OrdinalHub, the primary platform for Bitcoin NFTs.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.luxor.tech\/corporate-news\/article\/luxor-technologies-acquires-ordinalhub\">announcement<\/a> came on Feb. 20, with 150,000 in<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ions (Ordinals) already made, a 15000% increase from the beginning of the month.<\/p>\n<p>Luxor highlighted the fact that the current state of Bitcoin Ordinals being minted and \u201cescrowed\u201d through various Discord servers has made it difficult for collectors and creators to keep track of all of the projects. It claims the OrdinalHub will tackle this issue as a \u201ccentral hub\u201d for the community.<\/p>\n<p>Nick Hansen, the CEO of Luxor, praised the innovative qualities of Ordinals and how they can create \u201csynergies between the firm\u2019s mining pool and the OridinalHub.<\/p>\n<blockquote><p>\u201cOrdinals have opened the door for exciting new monetization strategies for Bitcoin miners.\u201c<\/p><\/blockquote>\n<p>As Cointelegraph reported, Bitcoin miners have already made around $600,000\u00a0from Ordinals\u2019 NFT transactions. Moreover, Bitcoin-based NFT inscriptions now take over 50% of Bitcoin block space.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity<\/em><\/strong><\/p>\n<p>OrdinalHub posted about the acquisition on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> on Feb. 22, to which users responded with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly positive sentiments toward the development.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Really excited to see the top notch team at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LuxorTechTeam?ref_src=twsrc%5Etfw\">@LuxorTechTeam<\/a> really lean into the space with this move. I&#8217;ve had a blast helping build parts of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ordinalhub?ref_src=twsrc%5Etfw\">@ordinalhub<\/a> behind the scenes. I&#8217;ll see you all on the freshly launched OrdinalHub discord  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/paMwrM1DT9\">https:\/\/t.co\/paMwrM1DT9<\/a><\/p>\n<p>\u2014 cbspears \u26cf\u2699\ufe0f (@cbspears) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cbspears\/status\/1628126033726607363?ref_src=twsrc%5Etfw\">February 21, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, some users remained skeptical about the acquisition and the Ordinal buzz in general, saying the \u201chype might be over.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ordinal punks floor continues to fall precipitously.    Arguably the most recognizable ordinals.   The ordinals hype phase might be over, reality setting in.    Just another 2023 PND<\/p>\n<p>\u2014 Doc Crypto (@doccrypto777) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/doccrypto777\/status\/1628232305222516736?ref_src=twsrc%5Etfw\">February 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Standard NFTs have gone through hype cycles, which was at a low by the end of 2022. However, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/2023-begins-with-a-comeback-nfts-and-defi-show-recovery-signs\">according<\/a> to a recent DappRadar report, they are slowly making a comeback after a 37% increase in transactions from December 2022 to January 2023.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/luxor-mining-acquires-ordinalhub-amid-bitcoin-based-nfts-hype\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Luxor Mining acquires OrdinalHub amid Bitcoin-based NFTs hype &#8220; The January launch of Bitcoin Ordinals\u00a0created a stir within the crypto community about its place within the Bitcoin ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from BTC\u2019s peer-to-peer cash system vision. No matter the community&#8230;<\/p>\n","protected":false},"author":1,"featured_media":555406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/88479c8d-48b2-4e7a-b368-c2aed98c90dd.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81260,74989,74894,75042,78423,95118],"class_list":["post-555405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-community","tag-bitcoin-mining","tag-blockchain","tag-mining","tag-mining-pools","tag-nft"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/555405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=555405"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/555405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/555406"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=555405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=555405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=555405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}