By providing decentralization, operational risk management, and dynamic hash power control, Lumerin has created a decentralized Bitcoin hash rate market on the Arbitrum network with the intention of upending the Bitcoin mining sector. The selection of Arbitrum guarantees a superior user experience, quicker transactions, and lower gas prices, increasing accessibility and liquidity of Bitcoin hash rate trading while fostering decentralization in the mining industry.
Decentralisation, operational risk management, dynamic hashpower management, and arbitrage potential are just a few advantages that Lumerin’s hash rate marketplace offers that could transform the Bitcoin mining industry. Lumerin’s platform breaks down the stranglehold of a few key players in the Bitcoin mining industry by creating a market where anybody can easily buy, sell, and trade computing power. By fixing pricing, ensuring earnings predictability, and lowering the need for substantial expenditures in quickly deteriorating mining equipment, businesses engaged in the industry may now manage operational risk more efficiently.
Arbitrum was strategically chosen as the platform for Lumerin’s hash rate marketplace because it offers a number of benefits such a greater user experience, quick transaction processing, and lower gas costs. These advantages help make trading in Bitcoin hash rates more liquid and open to a wider range of participants. The goal of Lumerin is to empower a larger community of participants and lessen the centralized control that has previously controlled the Bitcoin mining industry by introducing this innovative platform and ushering in a new era of transparency, efficiency, and inclusivity in the industry.
