Bitcoin Mining Firm Luxor Launches ASIC Trading Desk – Mining Bitcoin News


On January 11, 2022, the Washington-based bitcoin mining operation Luxor introduced the launch of a brand new application-specific built-in circuit (ASIC) buying and selling desk. Based on the corporate, Luxor’s new buying and selling desk will give miners and buyers entry to bitcoin ASIC mining rigs “at a good market value.”

NYDIG-Backed Mining Operation Luxor Reveals ASIC Buying and selling Desk Service

The bitcoin mining agency Luxor goals to buy and promote bitcoin mining machines through the corporate’s new ASIC buying and selling desk service. The press launch revealed on Luxor’s internet portal explains that the corporate “will buy and promote specialised Bitcoin mining {hardware} on behalf of the Luxor staff, miners and buyers.” Luxor not too long ago raised $5 million in a Sequence A led by the agency NYDIG in June 2021.

Moreover, the Luxor mining pool is the twelfth largest mining pool on the time of writing on Wednesday, with 0.46 % of the worldwide hashrate or 801.30 petahash per second (PH/s). Luxor’s ASIC buying and selling desk announcement particulars that the corporate is assured in its tools procuring course of.

“After shifting tens of 1000’s of machines and serving miners throughout a number of continents, we established a streamlined course of for procuring tools. Our multinational staff has a deep community of ASIC producers, re-sellers, miners, and buyers,” Lauren Lin, Luxor’s operations supervisor remarked through the announcement.

The transfer to ascertain a mining rig buying and selling desk follows Foundry’s mining machine market announcement final December. The market is known as Foundryx and the agency’s announcement claimed on the time that it had 40,000 mining machines prepared for resale. In the course of the first week of June 2021, Canaan revealed the corporate has established an abroad after-sales middle in Kazakhstan.

Luxor says the agency will take “principal positions in ASICs to assist miners achieve entry to rigs at truthful market costs. “Our ASIC Buying and selling Desk is a crucial step on our roadmap to changing into a full-scope mining companies agency,” Alex Brammer Luxor’s VP of enterprise improvement defined. Brammer added:

Whether or not it’s an institutional miner changing a fleet of new-generation machines or retail shopping for one rig, we’re in a position to maximize our shoppers’ capital effectivity and reduce their threat. Our purpose is to simplify the procurement course of so our miners can spend extra time constructing hashrate and fewer time worrying about find out how to discover it.

Tags on this story

Alex Brammer, ASIC Producers, ASIC buying and selling desk, ASICs, Bitcoin mining, BTC Mining, Canaan, crypto mining, Foundryx, Traders, Kazakhstan, Lauren Lin, Luxor, Miners, Mining Agency Luxor, mining operation, Mining Operations, nydig, re-sellers

What do you concentrate on the Luxor ASIC buying and selling desk? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising as we speak.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

Extra Standard Information

In Case You Missed It



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 24,159.47
ethereum
Ethereum (ETH) $ 1,899.78
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 321.10
cardano
Cardano (ADA) $ 0.556699
xrp
XRP (XRP) $ 0.376545
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 43.83
dogecoin
Dogecoin (DOGE) $ 0.079004
polkadot
Polkadot (DOT) $ 8.86
shiba-inu
Shiba Inu (SHIB) $ 0.000015
avalanche-2
Avalanche (AVAX) $ 27.94
staked-ether
Lido Staked Ether (STETH) $ 1,852.33
matic-network
Polygon (MATIC) $ 0.956390
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.069089
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 24,141.47
ethereum-classic
Ethereum Classic (ETC) $ 41.73
okb
OKB (OKB) $ 21.65
leo-token
LEO Token (LEO) $ 5.41
litecoin
Litecoin (LTC) $ 60.96
ftx-token
FTX (FTT) $ 30.97
near
NEAR Protocol (NEAR) $ 5.41
chainlink
Chainlink (LINK) $ 8.67
crypto-com-chain
Cronos (CRO) $ 0.152319
uniswap
Uniswap (UNI) $ 8.48
cosmos
Cosmos Hub (ATOM) $ 11.46
stellar
Stellar (XLM) $ 0.123668
monero
Monero (XMR) $ 164.35
flow
Flow (FLOW) $ 2.72
bitcoin-cash
Bitcoin Cash (BCH) $ 137.21
aerarium-fi
Aerarium Fi (AERA) $ 7.12
algorand
Algorand (ALGO) $ 0.360248
vechain
VeChain (VET) $ 0.031405
filecoin
Filecoin (FIL) $ 8.37
internet-computer
Internet Computer (ICP) $ 7.78
decentraland
Decentraland (MANA) $ 1.06
apecoin
ApeCoin (APE) $ 6.25
the-sandbox
The Sandbox (SAND) $ 1.32
chain-2
Chain (XCN) $ 0.084014
hedera-hashgraph
Hedera (HBAR) $ 0.078275
axie-infinity
Axie Infinity (AXS) $ 18.54
tezos
Tezos (XTZ) $ 1.83
lido-dao
Lido DAO (LDO) $ 2.75
quant-network
Quant (QNT) $ 113.81
theta-token
Theta Network (THETA) $ 1.51
aave
Aave (AAVE) $ 107.66
frax
Frax (FRAX) $ 1.00
elrond-erd-2
Elrond (EGLD) $ 60.86
Shares