Damus
Marco Barulli profile picture
Marco Barulli
@mbarulli
@Kent Halliburton (Sazmining CEO) asked, in a comment to my post, what @Sazmining could do to improve transparency.

Well, Sazmining should consider clearly stating the criteria and assumptions used to derive the advertised $58K/BTC purchase price. This will enable prospective clients to make a more informed decision.

Additionally, Sazmining might publish aggregate data about users/rigs and their contributions to Luxor's hashrate, allowing everyone to verify that they are receiving a fair share of mined sats.

Finally, Sazmining might release quarterly financial reports to reassure customers that their trust is reflected in the company's profit and loss statement (P&L) and balance sheet.

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Kent Halliburton · 55w
Thank you for the feedback, Marco. The “Don’t Trust, Verify” button on the homepage of our website provides transparency for clients to validate the assumptions used in the Galaxy Digital Cost to Mine a Bitcoin model which is currently $58k. While, I’d love to have Luxor auditability, th...