Navier Brings Bitcoin Mining to Ethereum with Reactor.xyz Marketplace
CHICAGO, March 22, 2023 /PRNewswire/ — Navier, the leading digital currency mining expert in North Americatoday announced the launch of Reactor.xyz, a first-of-its-kind Web3 platform that marks a seismic shift in the digital asset industry.
Reactor.xyz enables qualified individuals, companies and institutions to easily and conveniently purchase enterprise class access bitcoin mining through a new approach that uses ERC-721 tokens Ethereum blockchain to represent ownership of hashpower. These tokens can then be assigned to a mining pool of the user’s choice and mining starts within minutes. Currently, access can be purchased for 120 terahashes over 120 days.
“We have been working on Reactor.xyz for a long time and are excited to finally bring it to market,” said Navier CEO. Josh Metnick. “Bitcoin mining has long been far too difficult for most people to access, or understand, this is no longer the case.”
Bitcoin mining is in progress Ethereum making it a tradable asset that can be held in any Web3 wallet, bringing liquidity to a notoriously illiquid market sector. In essence, Navier has created a completely new resource with the launch of Reactor.xyz.
Game changer
To this point, would be Bitcoin miners had to first identify which machine they wanted, then transfer money to remote destinations that most people probably couldn’t find on a map, and then wait months for their rigs to arrive. They then either had to sign co-location agreements with mining farms to host their equipment, and then constantly check to make sure their machines were always online, or they had to do the complicated math to figure out the mining breakeven point at local electricity prices.
Reactor.xyz’s elegant solution enables more than just buying, selling and trading Bitcoin mining hashpower, it also uses proprietary algorithms to ensure users recover from potential losses incurred during downtime or planned curtailments – bitcoin that would have been mined while your mining pool was offline will be automatically added to your account.
To learn more about how to purchase access to Bitcoin mining hashpower on Ethereum blockchain, visit reactor.xyz.
To learn more about Navier, please visit www.navier.com.
About Navier
Navier is a leading expert in the mining of digital currencies with a focus on North America. Since 2018, Navier has sourced, installed and operated over 100 MW of mining hardware that has been used by customers and partners to create digital currencies.
Navier is led by a team of industry experts spanning finance, engineering, software and digital currency. Together, we work with firms and energy companies worldwide to develop customized solutions to turn surplus power into revenue through the development and implementation of industry-leading software solutions that streamline processes, including resource management and third-party verification for Bitcoin miners across North America.
Media contact
Ryan Gorman
Headmaster, Gorman Strategies
[email protected]
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SOURCE Navier
