The mining equipment will now be sold by Luxor
Luxor mining company from America has decided to expand its business opportunities. Now it has a service for the sale of mining equipment. Part of this plan is to launch hashrate derivatives.
Luxor’s own ASIC Trading Desk platform allows users to both sell mining equipment and purchase it. We are talking not only about new technology, but also used. It will also be possible to find various parts and elements for equipment, as well as video cards on the trading platform. A service for publishing futures orders related to the supply of equipment will also be available.
Prices for equipment are not constant, they change every now and then. And so that miners could buy equipment at loyal prices, and their own marketplace was opened.
According to Lauren Lin, Luxor’s chief operating officer, the company has developed a process that greatly simplifies the purchase of mining equipment. Before that, Luxor purchased, then transferred and installed tens of thousands of devices that are needed in the maintenance of mining equipment. He added that on the created platform, miners and investors will be able to receive a hashrate and a derivative, which are in conjunction with the hashrate of the Bitcoin network.
In 2022, Luxor also plans to launch derivative financial instruments based on the hashrate of equipment.
As you know, in October 2021, representatives of the company mentioned the ban on cryptocurrency trading in China. However, this problem was overcome. Therefore, in the future, only the rise of the Bitcoin hashrate is expected. The assumptions were not in vain, and already on January 11, 2022, the global hashrate reached about 200 Eh/s.