Luxor Launches Bitcoin ASIC Trading Desk

2022-1-12 18:46

The bitcoin mining services provider said it would purchase and sell rigs on behalf of its team and miners and investors on its network.

Luxor Technology Corporation has launched an ASIC trading desk to bridge the gap between interested buyers and sellers in the secondary market of bitcoin mining rigs. The bitcoin mining services provider said it would purchase and sell the application-specific integrated circuits for BTC mining on behalf of its team, miners, and investors to offer rigs at fair market prices.

“Our goal is to simplify the procurement process so our miners can spend more time building hashrate and less time worrying about how to find it,” said Alex Brammer, VP of business development, in a statement sent to Bitcoin Magazine. “Whether it’s an institutional miner replacing a fleet of new-generation machines or retail buying one rig, we are able to maximize our clients’ capital efficiency and minimize their risk.”

Luxor said the markets of bitcoin mining gear are usually opaque, inefficient, and filled with information asymmetry, which in addition to macroeconomic, regional economic, and market cycle conditions, often lead to increased volatility in prices across the primary and secondary markets.

“The Luxor ASIC Trading Desk will trade in these markets, taking principal positions in ASICs to help miners gain access to rigs at fair market prices,” Luxor said in a statement.

The trading desk is the latest addition to Luxor’s suite of bitcoin mining-related offerings. The company also offers its customers a data analytics solution, the Hashrate Index platform, that provides actionable insights into some vital metrics of the bitcoin mining industry, including miner revenue per hashrate and a comparison tool for the cost and efficiency of different mining rigs. The company revamped its Hashrate Index platform in December when it added the ability to denominate data in bitcoin and increased the scope of information the platform can analyze.

Luxor also offers a bitcoin mining pool and a profit-switching tool that allows its customers to employ computing power to different blockchains to increase margins while receiving payouts in bitcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69400.81 (+0.12%)
Объем 24H $27.53b
Изменеия 24h: -2.89 %, 7d: 2.56 %
Cегодня L: $69209.72 - H: $69516.05
Капитализация $1367.855b Rank 1
Цена в час новости $ 43821.74 (58.37%)

bitcoin rigs sell network behalf miners team

Источник: bitcoinmagazine.com

bitcoin rigs → Результатов: 126


New China Crypto Mining Rumor: BitFish’s F2Pool Disconnects BTC ASICs Causing Bitcoin Hashrate to Drop

While some of the ongoing rumours can neither be confirmed or denied, it is being reported all over the internet that the recent drop in Bitcoin’s native hashrate has forced a large number of crypto mining rigs within China to be turned off— primarily because this business avenue no longer seems to be profitable. According […]

2018-11-23 03:35


Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible?

There has been news going around that major mining rigs in China have shut down as a result of reduced profitability due to reduced hash rate. According to the information, many miners say they have been mining at a loss for months but can no longer afford to continue because of increased electricity tariffs due […] The post Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible? appeared first on ZyCrypto.

2018-11-21 23:26


Фото:

Bitcoin Hashrate Drop Sparks Rumors of $3.8K Miner ‘Turn-Off Price’

The drop in Bitcoin hashrate has sparked rumors China has turned off huge numbers of mining rigs as the process is no longer profitable. ‘More Economic To Turn Them Off’ Video and photo content which allegedly came from F2Pool owner BitFish hit western social media November 20, being uploaded by local news feed cnLedger and Primitive partner Dovey Wan.

2018-11-21 20:00


Фото:

ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs

In recent mining news, Susquehanna International Group has reported that it is no longer profitable to mine ether with a GPU. In other news, a Canadian miner has taken to Twitter to share photos of a system that recycles the heat generated by his six ASIC miners, while Jihan Wu has accused Craig Wright of […] The post ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs appeared first on Bitcoin News.

2018-11-21 19:15


Фото:

Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall Short By $700M Due To Falling Crypto-related GPU Demand

Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital currencies, the company’s GPUs were selling like hotcakes as crypto miners, who were busy building their mining rigs back then, snapped up stock worth $776 million in 2017 alone.

2018-11-16 16:09


Фото:

Braiins OS Publishes Open Source Firmware for Mining Rigs

This week the software developers behind the mining operation Slush Pool have announced a new organization alongside releasing an open source operating system (OS) for cryptocurrency devices. The new offshoot company called Braiins has produced a Linux based system for bitcoin mining rigs and they plan to extend the OS to other digital currency software […] The post Braiins OS Publishes Open Source Firmware for Mining Rigs appeared first on Bitcoin News.

2018-9-29 17:08


Фото:

Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC Chip

On Wednesday, August 15, blockchain firm and mining organization Coingeek, led by entrepreneur Calvin Ayre, announced that the company has signed a deal with Canada-based Squire Mining Limited. Coingeek details the company will have exclusive rights to Squire’s new ASIC chips and mining rigs that mine bitcoin cash (BCH) and a variety of other cryptocurrencies.

2018-8-16 03:05


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitdeer unveils new chip for low-power Bitcoin mining

Bitdeer Technologies announces the development of the SEAL04 chip, an energy-efficient solution for Bitcoin mining expected to achieve a power efficiency of 5J/TH by Q2 2025. The post Bitdeer unveils new chip for low-power Bitcoin mining appeared first on Crypto Briefing.

ORDI price soars as futures open interest surge and inscription fees decline

In recent weeks, Ordinals (ORDI), a BRC-20 token, has captured the attention of the cryptocurrency market with its remarkable performance and promising future prospects. ORDI has experienced a substantial price surge of 27% over the past week, breaking through the critical $50 resistance level and solidifying its position as a dominant altcoin. ORDI Futures Open […]