Lumerin

Crypto mining companies are driven by factors such as cheap electricity, favorable regulation, and stable infrastructure. Where these three factors exist, we have always seen a strong drive for Crypto/POW mining companies to centralize hashpower. Titan is using the Lumerin protocol to create solutions to the problem of rising hashpower centralization. The first will be a global decentralized peer-to-peer (P2P) marketplace whTitan Management:

• Titan Pool
• Titan Hashpower Marketplace

While, on the other hand, the Lumerin brand will refer to decentralized, open-source, public platforms, like:

• Lumerin Network
• Lumerin Proxy Node & API
• Lumerin Protocol
• Lumerin Blockchain
• Lumerin (LMR) Token
• Lumerin Walletere hashrate is a traded, liquid financial asset, allowing for increased mining profitability and capital access.

Titan Mining will remain an operating company and a leading innovator in cryptocurrency mining solutions. As a company, we will still provide powerful software and services for crypto mining at scale and offer North America’s first enterprise-grade mining pool. Additionally, from this point forward, we will dedicate many resources and efforts to support and help the open-source project, Lumerin, grow.

• Selling it in advance at a fixed price, collecting payments in a cryptocurrency or stablecoin of their preference.
• Renting out their mining equipment, granting the renter complete control over its computing power and configuration.
• Access to hashrate derivative products (futures, options, etc.)
• The possibilities are only limited by the creativity of the community. We want the Lumerin Protocol to be community-driven, which means that anyone will have the chance to build their own decentralized applications on the network. This will enable miners with several tools to manage risk, hedge against different external factors, and, most importantly, harness the true and complete power of their hashrate.

The process described above is merely the first application that will be possible to implement on the Lumerin Protocol. By tokenizing hashrate and providing a trustless, decentralized marketplace, the network opens an enormous range of possibilities for miners and investors. Miners have only two ways to earn profits at the moment. They can either mine independently or connect to a mining pool, which rewards them proportionally to their hashrate contribution against the pool’s total.

We are implementing our first-use case of the Lumerin Protocol to support a hashpower marketplace. With it, miners will be able to create smart contracts and send their computing power to them. Then, through the very same contract, a buyer can purchase and acquire the hashpower by locking the required payment. The Lumerin blockchain then records the contract, and the hashpower is re-routed from the seller’s device to the buyer’s destination. Using this technology enables the marketplace to function in a completely trustless, decentralized dynamic, making proof-of-work hashrate a tradable, liquid financial asset, unlocking mining profitability, and providing greater access to capital and investments.

Crypto mining companies are driven by factors such as cheap electricity, favorable regulation, and stable infrastructure. Where these three factors exist, we have always seen a strong drive for Crypto/POW mining companies to centralize hashpower. Titan is using the Lumerin protocol to create solutions to the problem of rising hashpower centralization. The first will be a global decentralized peer-to-peer (P2P) marketplace where hashrate is a traded, liquid financial asset, allowing for increased mining profitability and capital access.

As we advance, all aspects of the Lumerin project will be referred to and fully contained under the Lumerin community and network brand, while all commercial activities will remain under the Titan Mining brand. Titan Industries Inc. is a commercial software company that supports the Open Source project, Lumerin.