Trading Desk FAQ

Welcome to Luxor! We know crypto mining hardware procurement is complicated, here we work hard to provide you with a one-stop solution to acquiring reliable mining hardware through trusted international partnerships.

Table of Content:

1. Definitions
2. Purchase Process
   1. Spot Market - Used Machines
   2. Spot Market - New Machines
   3. Futures Market - New Machines
3. FAQs

Definitions

• MOQ: Minimum order quantity
• Ship From: the location that the hardware is held at and are getting shipped out of
• New: unused hardware within the warranty
• Used: hardware being used for a certain period of time, they might or might not have warranty left
• Futures: hardware finish production and get ready to ship at a certain manufacturer-defined time in the future. The month labels are the expected shipping start time for the futures.
• DDP: Delivered Duty Paid. The seller assumes all of the responsibility, risk, and costs (including tariffs) associated with transporting goods until the buyer receives or transfers them at the destination port.
• Warranty: a guarantee issued by the manufacturer to repair or replace the hardware on certain occasions within a specified period of time. The warranty start date is determined by the manufacturer and displayed by the hardware SN Code.
• Futures Delivery: The date on which the manufacturer begins shipping the equipment, the actual delivery of the machines to the miner may take a few weeks or months after that
• Downpayment: A percentage of the total payment due upon invoice to lock in the machines and invoice. The percentage of the total payment is depending on different sellers and types of machines, the percentage number ranges from 30% to 80%.
• Broker and Agent Agreement: the agreement lays out the buyer-broker responsibility which governs the hardware purchase process between the buyer and the broker
• Stablecoins: Stablecoins are cryptocurrencies where the price is designed to be pegged to a cryptocurrency, fiat money, or exchange-traded commodities. The common ones accepted by the hardware suppliers are USDT and USDC for mining hardware transactions.
• Customs: the official department that administers and collects the duties levied by a government on imported goods. The estimated customs clearance lead time during normal times for mining hardware is 1-3 days for the hardware being air shipping to North America, and 3-5 days for the sea freight. The total lead-time estimate is subject to change during the global shipping peak season.
• Tariffs: customs duties, tolls, or imposts imposed by the sovereign law of a country on imports or exports.