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Arbitrum Users Can Now Trade Bitcoin Mining Power With Each Other

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Bitcoin miners have the ability to easily buy and sell hashing power to interested purchasers. The trades will be routed through smart contracts and will specify hashrate amount, duration and price.

A financial product that represents Bitcoin mining power can now be traded on the Arbitrum network following the release of Lumerin, a hash power marketplace, a representative told CoinDesk.

Potential buyers can browse and select contracts that suit their needs, secure in the knowledge that they are engaging in direct, trustless transactions and paying in real time as the contract is completed.

 

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