Rising energy prices and the relatively low Bitcoin price continue to push mining companies.
Cryptocurrency mining companies are going through a difficult process, allowing new ideas and investments in this period.
A Different Solution for Bitcoin Mining Devices from Luxor
Luxor, which sells Bitcoin mining devices, went to the auction method for device sales. This approach, which has not been seen before in cryptocurrency mining companies, was received differently.
The company said that it is among the targets to better price discovery of its new product and to increase the volume in the second-hand market. Making a statement on the subject, Luxor operations manager Lauren Lin summarized the situation as follows:
“Previously, buyers and sellers relied on a number of companies for their mining hardware purchases. They are now able to monitor offers, listings and settlement prices in one place. The new process increases transparency in pricing and speeds up the mining device purchasing process.”
Luxor’s new platform allows buyers to place orders based on condition, model type, location and more demand. Sellers can compare different models and manufacturers in their orders and choose the most suitable product for their needs.
