Apr 28, 2023
Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace, a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity.
Chicago, Illinois, United States - April 28, 2023 /MarketersMEDIA/ —
Lumerin, a new Web3 datastream routing protocol, today launched the public testnet for the Lumerin Hashpower Marketplace, a first-of-its-kind decentralized application for the buying and selling of Bitcoin mining capacity. This initial beta demonstrates the early capabilities of the marketplace, which will enable both miners and non-miners alike to participate in Bitcoin mining via smart contracts on the Ethereum network.
The primary objective of the launch's initial testing phase is to improve the Marketplace and identify potential enhancements in user experience. Marketplace testers, who will have the opportunity to earn bitcoin for their efforts, are encouraged to exercise caution should they participate in this public beta.
Marketplace to Broaden Access to Mining While Helping Professionals Manage Capacity
Lumerin Hashpower Marketplace will provide miners with additional flexibility and control over their operations, while unlocking greater liquidity and access to Bitcoin mining capacity across the globe. Within the marketplace, miners will be able to create contracts to buy hashpower like any other asset, setting the price, speed, and duration of the contract as required. This unlocks much-needed opportunities for efficient capacity planning and risk-management strategies. At the same time, participants will not need to own mining equipment to participate — they will be able to buy hashpower contracts just like the professional miners.
Details on the Testnet Launch
This will be a phased launch in order to ensure the integrity and security of the marketplace’s hashpower contracts. Particularly at this early stage, testers are strongly encouraged to read the instructions for the Lumerin Wallet and Hashpower Marketplace. These instructions not only cover Wallet installation but network configuration as well. In the initial phase, users will only be able to purchase hashpower through the marketplace and connect to their mining pool account.
Beta testers who are registered on the Lumerin Explorer Program—you can still sign up using this link—are now able to access the Marketplace and purchase hashpower using Ethereum Sepolia Testnet LMR tokens (sLMR). We migrated to Sepolia because there are increasing concerns with the stability of the Goerli testnet which is being deprecated later this year. These are obtained for free via the Lumerin “faucet,” an automated distribution mechanism that sends the tokens to the users upon request.
During the testnet phase starting today, all marketplace users can exchange Lumerin testnet tokens to purchase real Bitcoin mining hashpower provided by the Lumerin team. Then, they can point that hashpower to a mining pool account, earning Bitcoin just as they would if they were directing their own hardware’s hashpower to that pool. Looking forward to mainnet release, Lumerin will onboard strategic mining partners to provide hashrate contracts on the platform.
“Conversations about the centralization of Bitcoin mining power have too long obscured the need to distribute control of that mining power through market forces,” said Ryan Condron, co-founder of Lumerin. “With the testnet launch, the Lumerin Hashpower Marketplace will offer a glimpse into what a future of liquid, globally distributed control of Bitcoin mining could look like.”
"Lumerin has had a remarkable journey -- from a novel idea for solving the centralization issues in Bitcoin mining to today's real-world testnet deployment," said Matthew Roszak, co-founder and chairman of Lumerin partner Bloq. "Lumerin shifts the discussion of Bitcoin hashpower from one of mere geography to one of control and ownership across borders, further fulfilling the promise of a 24/7/365 future of finance."
About Lumerin
Lumerin is a decentralized Web3 data stream routing protocol that enables users to own, transfer, and exchange data through blockchain networks using smart contracts.
The Lumerin Hashpower Marketplace aims to be the first dApp leveraging this technology to make Bitcoin hashrate a liquid financial asset, allowing for peer-to-peer, decentralized hashrate trading across the globe.
Website: https://lumerin.io/
Twitter: https://twitter.com/hellolumerin
Medium: https://medium.com/lumerin-blog
Telegram: https://t.me/LumerinOfficial

Contact Info:
Name: Bryan Feinberg
Email: Send Email
Organization: Plato / Amplifi
Address: 144 E44th E 44th St, New York NY 10017
Phone: 15515742169
Website: https://AmplifiPR.com
Release ID: 89096090
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.
Singapore’s ruling People’s Action Party (PAP) has retained its core executive team in what is seen as a cautious approach despite pledges of renewal, with observers pointing to ministerial promotions as a better indication of leadership plans. The PAP emerged from an internal election on Sunday with an unchanged slate for the Central Executive Committee (CEC), its highest decision-making body, as rising ministers Jeffrey Siow and Jasmin Lau failed to secure seats, though four remaining co-opted...
Indonesia and Singapore are looking to set up a joint task force to deal with haze from Indonesia’s wildfires, the countries’ foreign ministers said on Tuesday, as they met to reaffirm their ties after weeks of simmering tensions. The visit to Jakarta by Singapore Foreign Minister Vivian Balakrishnan came amid mounting frustrations in the city state over the transboundary haze generated by Indonesia’s most intense forest fires in 11 years. After a two-hour meeting, Singapore and Indonesia’s top...
A 50-million-peso (US$780,000) bounty for information leading to the arrest of fugitive Philippine senator Ronald “Bato” dela Rosa has raised questions over the Marcos administration’s ability to enforce the law against high-profile political figures, with analysts warning the move risks making Manila appear weak and reactive. Dela Rosa, who served as national police chief under former president Rodrigo Duterte, faces an International Criminal Court (ICC) arrest warrant for alleged crimes...
The storm, Arnab, is forecast to make landfall Wednesday on the country’s eastern coast and then cut inland and head north toward Nepal.
A court in India has ordered the takedown of an online documentary posted by Hotmail co-founder Sabeer Bhatia accusing Prime Minister Narendra Modi and billionaire Gautam Adani of cronyism, after Adani Enterprises sued, calling it defamatory. Adani’s flagship firm, Adani Enterprises, told the High Court in the eastern city of Kolkata that the documentary, which garnered millions of views on social media in recent days, was riddled with false content and had prompted inquiries from some...
Indonesia could gain critical defence technology, investment and export opportunities through a new multi-nation defence pact with Turkey, Qatar and Pakistan, but analysts warn its success hinges on turning high-level ambition into concrete projects. The four Muslim-majority nations signed the Badr Memorandum of Understanding in Doha on Wednesday. The agreement outlines a framework for defence “cooperation and integration” across joint research and development, training exchanges and industrial...
The collision of two Philippine Air Force training aircraft that killed four pilots has raised questions about whether the service’s training, maintenance and safety systems can keep pace with Manila’s ambitions to acquire more advanced combat aircraft. The crash, which occurred during a fly-by rehearsal at Fernando Air Base in Lipa City, Batangas province, south of Manila, on Friday has renewed calls for a comprehensive review of the Air Force’s ageing fleet, pilot instruction, maintenance...
In one of the world’s least affordable housing markets, high-density housing is a backdrop for exploring superstition and socioeconomic anxiety.
South Korea’s embrace of GLP-1 weight-loss drugs appears particularly pronounced among younger adults, with roughly one in six Gen Z respondents reporting they had used or been prescribed the medication in 2025, according to a new report. The 2026 Korea Wellness Report, released by KB Financial Group on Sunday and cited by The Korea Times, surveyed 2,000 men and women aged 25 to 69 between July and August. Across all age brackets, the overall uptake stood at 10.3 per cent. Gen Z adults – defined...
A bus fitted out with oxygen tanks is providing a sanctuary in a city on Indonesia’s Borneo island, where people are choking from forest-fire-induced haze and the blazes show no sign of letting up. Indonesia regularly battles seasonal forest fires, predominantly on Sumatra and Borneo islands, but this year the infernos are the most intense in more than a decade. An intense El Nino weather phenomenon has driven up temperatures, leaving the country’s vast forests and peatlands more vulnerable...
South Korea’s President Lee Jae Myung has been urged by critics to play the latest instalment in the blockbuster Call of Duty video game franchise to better appreciate the need for defences against an invasion by the North. The call from opposition lawmakers follows the release on Friday of Call of Duty: Modern Warfare 4, a first-person shooter depicting a full-scale surprise attack by North Korea on the South. Players fight North Korean troops as Park Hyun-jun, a private in the South Korean...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.