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13 sats \ 0 replies \ @evanbaer OP 8 Jul \ parent \ on: Rigly Hashrate Auctions Ending Today bitcoin_Mining
Auctions are all below spot hashprice right now
Great time to bid
Ugh cloud mining rug pulls - the worst
Hosted mining has similar risks
In the future, it will be possible to buy hashrate w/ escrow and mine without the rug pull risk - check out Rigly.io (my project) to try it out.
Interesting.
I admire the spirit here. I am curious how the variability affects things?
Like, what if the tenant chooses to lock in their gains at a certain date, but then bitcoin goes up afterwards?
Also doesn't this expose you to the downside risk if btc price goes down during that period?
Yup. Check out the mining test drive or fixed price hashrate on Rigly to try it out, then place a bid in the daily auctions.
We’re also looking into creating an over-the-counter market for higher volume hashrate trades.
I've started to refer to kyc-free as anonymous bitcoin
I think DarthCoin is right re: don't use kyc-language to refer to your bitcoin
I feel it is more accurate to refer to kyc bitcoin as non-anonymous bitcoin
Fwiw it's simple now to convert your non-anonymous bitcoin to anonymous:
- buy hashrate
- mine bitcoin
- anonymous bitcoin sent daily to your btc address
You can do this at my project - rigly.io - or miningrigrentals.com or NiceHash
Good essay. The free stuff concept happens in the US with the Cantillon effect today. Maybe every system of political economy has a free stuff component?
What is the free stuff in bitcoin?
100 sats \ 1 reply \ @evanbaer OP 29 Feb \ parent \ on: Mining Auction of the Day for Feb 28th bitcoin
Correct, the 500 sat test drive is a promo
The "88 TH/s for 3 hours" test drive earns around ~2,000 sats from any FPPS pool, and so gating it with the ready-made mining pool account allows us to intro new folks to mining w/o too much of a loss.