Luxor updates its Bitcoin hash rate platform

[ad_1]

Bitcoin mining pool and software company Luxor Technologies showcased the latest version of its data platform, Hashrate Index. The tool allows users to assess the state of the bitcoin mining industry by providing information on a range of related metrics, including the hashprice, which shows miners’ earnings per hashrate, and the price of the platform. form, which compares mining rigs in terms of cost, efficiency and value.

Hashrate Index now features bitcoin-denominated data in its latest iteration, a feature that customers have long sought after. In a statement sent to Bitcoin Magazine, Luxor said the addition was intended to help miners model their payback period, as many pay for bitcoin equipment and use BTC as the unit of account. In addition to the revamped metrics, Hashrate Index has also received new functions.

“[The] the overhaul will also come with new Bitcoin network data, such as hashrate, block size, difficulty, and block rewards percentage fees, ”the statement said. “The Hashrate Index stock page is getting a facelift as well, with comprehensive data on public bitcoin mining companies such as hashrate, market cap, correlation to bitcoin, trade volume, price performance, and more. “

New data from the Bitcoin network is available in the latest version of the Hashrate Index. Source: Luxor Technologies.

“The hashrate is the digital commodity that powers Bitcoin mining, and as mining has evolved, the ways in which hashrate is bought, sold and financialized have also evolved,” the statement said. “We hope the new platform will help our users discover a new understanding of the dynamics that drive the ever-changing mining industry.”

Luxor added that it will iterate on the new platform next year, as it aims to include additional functionality, API integration, and CSV files for the data.

In June, the software company raised $ 5 million in a Series A funding round led by institutional bitcoin broker NYDIG, partnering the two companies to accelerate the hashrate migration to North America. North. Last month, Luxor signed an agreement to provide bitcoin miner Atlas with pooling services for a 100 megawatt (MW) mining operation.

[ad_2]