100 sats \ 5 replies \ @Zepasta 29 Oct 2023 \ on: Rigly - Your Bitcoin Mining Marketplace bitcoin
I dont get it. Why not just buy btc instead?
Great question.
Rigly is a marketplace to buy hashrate and mine bitcoin.
- Hashrate is sold via auction, based on future difficulty epoch, so it’s possible to take a risk on future hashprice and earn a profit.
- You can also buy spot hashrate and mine right now - this won’t earn a profit in most pools, but it’s a cheap way to try out mining.
We’re also hosting a block party on 10/31, where you can solo mine with our team and try to win a block (6.25 btc + tx fees!) 🎉
This is all to say, Rigly makes it possible to mine bitcoin without buying hardware - and without the risk of getting rugged (payments are held in multisig escrow while hashrate is delivered)
^ note: Rigly is my project
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Update: The website went offline this morning, and the hashrate I rented went to 0. Would you consider reimbursing for the downtime? Not sure how to contact you with the website being down.
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replied in the other thread
Also note we do see some hashrate offline from one of our mining farm partners. Your mining term will auto-extend for any downtime.
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thanks, no problem. I tried the instant hashrate this time. Question about the auction, does the mining start when you purchase the contract, or does it not start until the date on the contract? I'm not exactly sure how that works.
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For auctions, the hashrate starts on the date of the Auction's epoch -- see the title and "profile" tab for details.
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