DigitalX Mintsy is expected to launch later this year, with 100 TH/s “hashfracs” being available as trading units. The CoinDesk report claims that contracts for a variety of SHA-256 and Scrypt-based alt-coins will also be available. Pool-specific mining will be enabled, as will multi-pool options. Users will also have the option to deposit mined coins directly into a Cryptsy trading account.
As Cryptsy CEO Paul Vernon told CoinDesk: “There’ll be quite a few [coins available]. Basically, everything you see on Cryptsy that is mineable should probably be mineable on Mintsy as well.”
Tradable bitcoin mining contracts are rapidly becoming their own market, with major bitcoin exchange Bitfinex announcing a similar trading platform only a few days ago. Although clearly one of the few truly native bitcoin derivatives, tradable mining contracts do share some similar properties with commodities futures trading, prompting serious questions about how such instruments could be eventually viewed by regulators.