Luxor launches a marketplace for trading mining hardware

The American mining company Luxor is expanding its business with a service for trading mining equipment. The launch of derivatives on the hash rate is planned.

On the Luxor ASIC Trading Desk platform, customers will be able to buy and sell mining equipment, both new and used. In addition to ASIC miners, video cards, spare parts and components can be presented. In addition, it is possible to place futures orders for the delivery of equipment.

The cost of mining equipment in the world market is constantly changing. To enable miners to access devices at a “fair price”, the company launched its marketplace.

“After purchasing, moving and installing tens of thousands of equipment servicing devices on several continents, we have created a simplified procurement process for equipment,” said Lauren Lin, COO of Luxor.

Also this year, Luxor plans to launch derivatives on hardware hash rates.

“Overall, this will be a platform where miners and investors can receive hash rates or derivatives tied to the hash rate of the Bitcoin network,” Lin said.

In October, representatives of the mining company said that the consequences of the mining ban in China have already been overcome and in the future, the Bitcoin hash rate is only expected to grow. The forecasts turned out to be correct – on January 11, the global hash rate is about 200 Eh / s.

You may also like