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Bitcoin mining on Ethereum makes it a tradable asset that can be held in any Web3 wallet, bringing liquidity to an illiquid market sector.
March 22, 2023 - Navier a digital currency mining business based in North America, announced the launch of Reactor.xyz a Web3 platform.
Reactor.xyz enables qualified individuals, companies, and institutions to purchase access to enterprise-grade bitcoin mining operations through a novel approach that uses ERC-721 tokens on the Ethereum blockchain to represent ownership of the hashpower. These tokens can then be assigned to a mining pool of the user's choice and mining begins within minutes. Currently, access can be purchased for 120 terahashes across 120 days.
Navier CEO Josh Metnick commented "We have been working on Reactor.xyz for a long time and are excited to finally bring it to market. Bitcoin mining has long been far too difficult for most to access, or understand, this is no longer the case."
Reactor.xyz's solution uses proprietary algorithms to ensure users are made whole from any potential losses suffered during downtime or planned curtailments - bitcoin that would have been mined while the users mining pool was offline is automatically added into their account.
