Loka Mining Launches Permissionless Bitcoin Mining Pool Protocol for Institutional Investors

Odaily News Bitcoin mining pool Loka Mining has partnered with Hashlabs to launch a protocol with a decentralized Bitcoin (BTC) mining pool that allows miners to sell their future rewards to institutional investors at a discount and give them immediate cash for operations. The permissionless protocol allows investors to obtain Bitcoin at a below-market price through forward hash rate contracts directly from miners. Loka said the contracts will be overcollateralized and tokenized for immediate liquidity on secondary markets. (Coindesk)