An overview of the supply and demand for Bitcoin mining hashrate — The Lumerin Hashpower Marketplace will allow for Bitcoin mining hashrate to be traded on the open market in a decentralized, peer-to-peer manner for the first time. This commoditization of hashrate opens a wide spectrum of possibilities and rationales for both sides of that trade. Let’s dive into the logic behind…

The market reaction to the world’s third largest exchange is pushing miners down with it — The cryptocurrency industry is still shocked by the FTX situation. The fall of yet another industry leader has dealt a massive blow to the market’s sentiment, which we are seeing reflected in prices. Since the situation unraveled, the crypto market capitalization fell by 15.35% to $852.7B. Amidst the chaos reigning…

Enterprise miners are desperate for capital as they liquidate their Bitcoin to cover debt — It’s undeniable that the mining industry is hanging by a thread. Bitcoin’s price action and the unresting growth in hashrate have delivered a heavy blow to most miners. Yet, the industry also needs to take responsibility. There’s a reason why some mining operations are not only surviving these tough conditions…

Optimization and hedging strategies for miners — The mining industry is undergoing an acute crisis. Profit margins are thinner than ever, and distressed miners are turning to last-resort solutions to remain in business. With the global economy in recession, relentless inflation smothering most fiat currencies, and rising interest rates, Bitcoin has traded sideways for several months. …

Under the current conditions, it’s upgrade-or-die for many miners — The recent increase in Bitcoin’s hashrate has taken mining difficulty to unprecedented levels. Mining a block on the Bitcoin network has never been as hard as it is today. This comes at a time where the economy is struggling: rate hikes are losing the battle against inflation, a global recession…

Lumerin enables a new way to mine Bitcoin from home without buying any hardware — Many Bitcoin enthusiasts want to take up mining, but the high entry costs and technical knowledge required are often impenetrable barriers that end up discouraging them. Alternatives like tokenized hashrate or cloud mining might scratch their itch for a little while, but they fall short in a couple of respects. …

Miners and users can take advantage of this technology to create new Bitcoin mining opportunities — The Bitcoin mining ecosystem has transformed completely. Back in Bitcoin’s early days, it was hard to imagine that specialized hardware and entire corporations would sprout from the ground just to find blocks. Yet here we are. Now, with the launch of the Lumerin Hashpower Marketplace, miners will enjoy a new…

We’d like to keep everyone updated on the status of QA and testing for the Lumerin Hashpower Marketplace. We’re still deep in testing, which will require several more weeks to ensure proper quality assurance and best-possible performance. Our current estimate for production launch is within this quarter, Q4–2022. …

Pros and cons of two remote Bitcoin mining methods — For years, cloud mining has been a great resource for Bitcoin enthusiasts who want to start mining and want the easiest path to hashrate. Nevertheless, after some cases of scams and fraudulent schemes posing as cloud mining services, this method has been under the exhaustive scrutiny of the mining community. …