Introducing Lumerin Hashpower Marketplace: Decentralizing Bitcoin Mining Capacity

FinanceFeeds Editorial Team

Lumerin unveils its public testnet, showcasing the world’s first decentralized application for buying and selling Bitcoin mining capacity.

Lumerin, a pioneering Web3 datastream routing protocol, announced the public testnet launch of its Lumerin Hashpower Marketplace, a groundbreaking decentralized application (dApp) that enables the purchase and sale of Bitcoin mining capacity. This initial beta showcases the early capabilities of the marketplace, facilitating participation in Bitcoin mining for both miners and non-miners via Ethereum network smart contracts.

The primary goal of this initial testing phase is to refine the Marketplace and identify potential enhancements in user experience. Therefore, testers, who can earn Bitcoin for their contributions, are advised to exercise caution when participating in the public beta.

The Lumerin Hashpower Marketplace aims to offer miners increased flexibility and control over their operations while unlocking global liquidity and access to Bitcoin mining capacity. Miners can create contracts to buy hashpower, setting contract parameters such as price, speed, and duration. This innovation enables efficient capacity planning and risk-management strategies.

Participants do not need to own mining equipment to engage in the marketplace, as they can buy hash power contracts like professional miners.

The phased launch ensures the integrity and security of the marketplace’s hashpower contracts. Users can initially purchase hashpower through the market and connect to their mining pool account. In addition, beta testers registered on the Lumerin Explorer Program can access the Marketplace and purchase hash power using Ethereum Sepolia Testnet LMR tokens (sLMR).

During the testnet phase, users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hash power provided by the Lumerin team, directing hash power to a mining pool account to earn Bitcoin.

At this preliminary stage, it is highly recommended for testers to go through the instructions for the Lumerin Wallet and Hashpower Marketplace. The guidelines include not just Wallet installation but also network setup. Users can only buy hashpower via the marketplace and link it to their mining pool account.

Beta testers enrolled in the Lumerin Explorer Program can still join by following this link. These testers can now access the Marketplace and acquire hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR).

Ahead of the main net release, Lumerin plans to onboard strategic mining partners to provide hash rate contracts on the platform.

“Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces,” said Ryan Condron, co-founder of Lumerin. “With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.”

“Lumerin has had a remarkable journey — from a novel idea for solving the centralization issues in Bitcoin mining to today’s real-world testnet deployment,” said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. “Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance.”








Lumerin is a decentralized Web3 data stream routing protocol that allows users to own, transfer, and exchange data through blockchain networks using smart contracts. The Lumerin Hashpower Marketplace aspires to be the first dApp utilizing this technology to transform Bitcoin hash rate into a liquid financial asset, enabling peer-to-peer, decentralized hash rate trading worldwide.

Read this next

Digital Assets shuts down its US institutional exchange has announced plans to discontinue its institutional exchange service for professional customers in the United States as soon as June 21.

Retail FX

ThinkMarkets launches copy trading platform ‘ThinkCopy’

Melbourne-based broker, ThinkMarkets has introduced ThinkCopy, a copy trading platform that aims to provide clients with access to experienced traders and a range of social features.

Retail FX

Robinhood delists Solana, Cardano, and Polygon amid SEC’s crackdown

Commission-free brokerage Robinhood Markets announced on Friday that it would be delisting three crypto tokens from its platform. The decision comes shortly after the U.S. regulators intensified its regulatory actions against major cryptocurrency exchanges.

Digital Assets

US wants Bittrex to settle federal dues before compensating customers

The U.S. government has raised objections to Bittrex’s proposal to compensate its customers, adding to concerns about the resolution of the crypto exchange’s bankruptcy case.

Digital Assets

Binance prepares to suspend US dollar funding after SEC crackdown

Binance.US said it will temporarily suspend US dollar deposits and provided customers with a deadline to withdraw their fiat balances. This decision comes after the US Securities and Exchange Commission (SEC) filed a lawsuit requesting the freezing of Binance’s assets in the country.

Digital Assets

Januar launches real-time payments network to fill gap made by Silvergate and Signature

“To all the entrepreneurs and innovators out there is a clear message: if you are a legitimate European business working with crypto then Januar is here to provide you with the account and payment infrastructure you need to operate successfully and build the financial system of tomorrow.”

Retail FX

Exness’ active clients top 515K as monthly volume hits $3.35 trillion

FX trading volumes are climbing again as economic uncertainty spurred by recent developments over central banks’ policies encouraged speculators to pile back into the market.


Danske Bank plans signficant investment in digital platforms

“We have decided to significantly increase our investments in our digital platforms, expert advisory services and sustainability, focusing on the areas where we see the best opportunities for profitable growth.”

Digital Assets

ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023

ERD, the Ethereum Reserve Dollar, is a decentralized lending platform and stablecoin that aims to provide a capital-efficient, decentralized, and stable solution to the challenges faced by the stablecoin industry, introducing a minimum collateralization ratio of 110% and a robust liquidation mechanism.