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Author: Admin | 2025-04-28
From geographical factors.Miners on favorable locations have a competitive advantage to acquire more control of hashrate, while those on less convenient places gradually lose control of it.So, it would seem that the situation could improve if we managed to transfer control of hashpower from the former to the latter.If we could transform Bitcoin mining hashpower into a tradable commodity, miners could sell it on the open market to the highest bidder, allowing them to enter the mining process regardless of their location.More importantly, they would be incentivized to do so. First, because resigning control of hashrate — without resigning the revenue it generates — would improve the health of the Bitcoin network, which is in their best interest as their entire operation depends on it.Secondly, because selling hashpower in the open market allows them to hedge against the most significant risks in the Bitcoin mining industry: volatility, difficulty, and luck.By being able to set the terms of the sale themselves, miners can enjoy greater profitability and plan more effective business strategies in the long term.At Lumerin, we’re developing a decentralized, peer-to-peer hashpower marketplace that will enable this new type of transaction by combining data stream routing through Internet protocols and smart contract functionality.The combination of these two layers allows for hashrate — or any type of data stream — to be exchanged like any other asset through self-executing computer code.Interested in learning more? Visit us at lumerin.ioDo you want to learn more?Make sure to follow Lumerin on Medium so you don’t miss any news and content. You can also subscribe to Lumerin’s blog and visit Lumerin.io for more information. We’ll be glad to have you!Join the Lumerin community!Lumerin is an open-source and community-driven project. As such, we invite everyone to join the community and build this ecosystem together. You can also access valuable content, engage in interesting conversations, and meet like-minded people through our social channels:TwitterYouTubeTelegramDiscordReddit
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