Luxor launches a marketplace for trading mining hardware – Bits Media

The American mining company Luxor is expanding its business with a service for trading mining equipment. Launch of hashrate derivatives planned.

On the Luxor ASIC Trading Desk platform, clients will be able to buy and sell mining equipment, and like new, So and used. In addition to ASIC miners, video cards may be presented, spare parts and components. Besides, it is possible to place futures orders for the supply of equipment.

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

"After purchase, moving and installing tens of thousands of equipment service devices on several continents, We have created a simplified equipment procurement process", - noted Luxor operating director Lauren Lin (Lauren Lin).

Also this year, Luxor plans to launch derivative financial instruments based on the hashrate of the equipment.

"Generally, this will be a platform, where miners and investors can receive hashrate or derivatives, tied to the hashrate of the Bitcoin network", - said Lin.

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 - 11 January global hashrate is around 200 Eh / s.