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21 sats \ 0 replies \ @evanbaer 14 Dec \ parent \ on: Goodbye corporate world, hello nostr devs
Glad you had a good experience.
Re: miners and payment upfront -- the Mining Farm needs an incentive to send the hashrate elsewhere vs mining themselves. To create this incentive, the buyer can either pay a premium or pay upfront.
There's already 2 hashrate markets where you can buy hash at a premium -- on Rigly we let the Mining Farm get paid upfront (50% upfront, 50% held in escrow during delivery)
For the farm, getting paid upfront allows them to expand faster:
- They can buy new ASICs
- Mining farm starts mining w/ new hardware right away
And then, if they choose to list this new hashrate on Rigly, the cycle can repeat over and over again.
This way a small or mid-size mining operation, with limited access to capital, can grow by selling their hashrate p2p to bitcoiners who want to secure their network (and earn some extra sats in the process)
93 sats \ 0 replies \ @evanbaer OP 28 Nov \ parent \ on: Upendo - Mining Block Party Auction bitcoin
You'll get a payment invoice in email once the auction ends.
333 sats \ 0 replies \ @evanbaer OP 27 Nov \ parent \ on: Upendo - Mining Block Party Auction bitcoin
Sure, sign up with code STACKER and i'll add 100 TH/s free hashrate once you win an auction.
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.