Luxor launched an auction platform for trading bitcoin miners

Luxor launched an auction platform for trading bitcoin miners
Luxor launched an auction platform for trading bitcoin miners

Service mining company Luxor has introduced a trading platform for the sale and purchase of equipment for the extraction of the first cryptocurrency.

Marketplace Luxor RFQ allows you to create order requests by model, condition, device location, and other criteria. Sellers can even mix devices from different manufacturers in the offer.

“Historically, ASIC miners have traded OTC in an opaque and regionally fragmented market. Luxor RFQ will ensure its integrity and transparency by providing buyers, sellers and brokers with a centralized hub to coordinate orders, offers and sales,” the company said.

A few hours after the announcement of the launch of the marketplace, Luxor noted that the trading volume had already exceeded $1.6 million.

According to Hashrate Index, the company’s analytics arm, Bitcoin miner prices remain close to the lows they reached by the end of 2022. The cost of the latest generation equipment with energy efficiency above 38 J/TH is $14.56 per 1 TH/s hashrate.

Luxor launched an auction platform for trading bitcoin miners
Data: Hashrate Index.

Recall that in January, the mining difficulty rose to a new maximum mark of 39.35 T, putting pressure on the income of miners. The profitability of their business was supported by the growth of bitcoin, which increased in price in the first month of the year. almost 40%.

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