CHICAGO, March 22, 2023 /PRNewswire/ — Navier, the leading expert in mining digital currencies in North America, announced today 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 simply and easily 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.
“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 to access, or understand, this is no longer the case.”
Bitcoin mining being on Ethereum makes 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 an entirely new asset with the launch of Reactor.xyz.
To this point, would-be Bitcoin miners had to first identify which machine they wanted, then wire money to far flung destinations that most people could not likely find on a map, and then wait months for their rigs to arrive. They then had to either sign co-location agreements with mining farms to host their equipment, and then constantly check to ensure their machines were always online, or they had to do the complicated math to figure out their mining breakeven point at local electricity rates.
Reactor.xyz’s elegant solution enables more than just buying, selling, and trading of Bitcoin mining hashpower, it also 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 your mining pool was offline is automatically added into your account.
To learn more about how to buy access to Bitcoin mining hashpower on the Ethereum blockchain, visit reactor.xyz.
To learn more about Navier, please visit www.navier.com.
Navier is a leading expert in mining digital currencies focusing on North America. Since 2018, Navier has sourced, installed, and operated over 100 MW of mining hardware that has been used by clients 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 utility companies around the world to develop custom solutions for turning excess 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.
Principal, Gorman Strategies
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