Bitcoin mining hosting and services firm Navier has debuted a marketplace for buying and selling tokenized hashrate.

The “overall goal” is to make bitcoin mining simple and reliable for retail users, said Josh Metnick. “What Reactor.xyz [the name of the platform] delivers is ownership of an asset, ownership of a certain amount of hashrate that will mine for a certain amount of time,” Metnick said.

So far, there are two options available to retail users looking to mine without setting up their own facilities. They can use companies like Compass Mining, where they buy a physical machine and hosting services for it to operate, or work with a cloud mining firm like Bitdeer or BitFuFu, which owns and operates machines and then rents out hashrate for a specific period of time.

(By Eliza Gkritsi)