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New hashprice-based derivatives instrument gives Bitcoin miners another way to hedge
Hedging against downside has always been a challenge for Bitcoin miners, and the current bear market is a perfect example of how energy prices and crypto market volatility can negatively impact miners’ profit margins and their ability to stay solvent. The Oct. 10 launch of Luxor Hashprice NDF, a non-deliverable forward contract, will allow miners to hedge their exposure to Bitcoin price and the energy costs associated with mining. Source - Coin Telegraph #bitcoin #cryptocurrency
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