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Hashpower as a commodity

Lumerin is a peer-to-peer protocol solution that enables data stream routing based on smart contract rules.

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Creating the world’s first P2P decentralized hashpower commodity marketplace.

Our goal is to make Bitcoin and POW crypto mining as highly optimized, efficient, and decentralized as possible. Currently, crypto mining is becoming more and more centralized due to the hunt for cheap electricity, friendly regulations, taxes, and infrastructure.

The Lumerin Protocol is THE solution for this centralization as a platform that enables data stream routing based on smart contract rules. Using the Lumerin protocol, we are creating the world’s first P2P decentralized hashpower commodity marketplace.

Now, within the Lumerin Hashpower Marketplace, hashpower can be bought, sold, accessed, distributed, and managed from anywhere on the globe, essentially a DEX/DeFi for Hashpower. We are creating a single, virtual marketplace that improves efficiency and provides greater access to capital and investments.

Lumerin Protocol

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.

How will it work

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.

Our vision for the Lumerin Protocol

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.

Revenue Opportunities

  • 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.

Titan Mining Relationship

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.

Product Offering

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.

Hashpower, the next great commodity

Lumerin Protocol for All

Driven by the Lumerin protocol, any companies or individual will be able to buy, sell, and deliver compute power using the Titan marketplace and thereby naturally decentralizing the control of hashpower through the use of market dynamics. Furthermore, by making hashpower a trustlessly transferrable digital commodity, the Lumerin Protocol will provide a foundation for hashpower financialization as well as services for lending, custody, OTC, and trading. The Lumerin Protocol will help the entire crypto mining ecosystem to achieve its greatest potential in both revenue growth and scalable decentralization.

Backed by

BitDeer logo
Tribe Logo
Outlier Ventures Logo
Fenbushi Logo
Fundamental Labs Logo
Bloq Logo
DFG Logo
Titan Logo
YBB
LD Capital logo

Lumerin Node Architecture Timeline

Lumerin core node software will be iterated on through three stages and consists of the following components.

Q4 2021

Proxy Service – Wallet Service – Work Orchestration Engine – Web3 Connection

Q1 2022

Proxy Service – Wallet Service – Validation Service – Work Orchestration Engine – Web3 Connection

Q2 2022

Proxy Service – Wallet Service – Validation Service – Work Orchestration Engine – Lumerin Blockchain

The future of Lumerin

At Titan, we’re confident that cryptocurrency mining and proof-of-work are critical to maintaining the future financial system. That is why we are devoted to building Lumerin and providing miners with a platform that allows new mechanisms to make mining as decentralized, secure, profitable, and sustainable as possible.

Bitcoin, and subsequently all other cryptocurrencies, were built with one goal: to cut out the middle man, achieve complete decentralization and financial freedom, and that includes mining.

Open-source software, transparency, and accessibility are all boxes we have to check to get there. We believe that the Lumerin Protocol will be an enormous contribution to that cause. It will help Bitcoin and other proof-of-work cryptocurrencies come closer to its original goal of creating a decentralized, peer-to-peer, electronic cash system.

For our KYC/Whitelisting we are working with Tokensoft, which is a well-established company with high security standards, and all data is stored in accordance with industry best practices for data retention and security.

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