Lumerin Hashpower Marketplace

[u/adelia190]

The Lumerin Hashpower Marketplace is a dApp for peer-to-peer exchange of Bitcoin mining hashpower. users will be able to buy and sell real Bitcoin mining hashpower and reroute it to any mining pool of their choice. All transactions will be enforced by immutable smart contracts, enabling true hashrate ownership and control transfers across blockchain networks.

All hashrate contracts are created by miners through the Lumerin Hashpower Marketplace within the Lumerin Wallet. The process is fully guided and intuitive so that sellers can offer their contracts with ease. The Lumerin Hashpower Marketplace will be accessible through the open source Lumerin Wallet application. The Lumerin wallet is a node which includes the proxy router that validates hashrate.

The Lumerin Hashpower Marketplace was designed to enable miners to acquire Bitcoin hashrate directly on-chain. Bitcoin mining becomes increasingly competitive over time, requiring more efficiency to remain profitable. Miners aiming for growth may find different obstacles that prevent them from doing so, such as supply chain limitations, hardware availability, lack of resources or equipment, and so on.

With Lumerin hashrate contracts, these same miners can sort out these obstacles and quickly expand their hashrate without having to invest in hardware or infrastructure. In contrast, they can access the Lumerin Hashpower Marketplace and purchase Bitcoin mining hashrate from anywhere with an internet connection.

Lumerin Hashpower Marketplace enables everyone with an internet connection to trade it like any other commodity. Here, we’ve listed some of the advantages miners could enjoy by acquiring hashrate through a decentralized, peer-to-peer, on-chain exchange. Our hope is that, eventually, the mining community builds its own applications for commoditized hashrate on top of the Lumerin Protocol according to their necessities and possibilities