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?

Lots of miners earning half as much?

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:

You can do this at my project - rigly.io - or miningrigrentals.com or NiceHash

Good perspective. Bookmarked.

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?

This is very cool. Excited to try it out!

Rigly.io

Non-custodial and kyc free mining

Buying hashrate is also a low-cost way into mining (NiceHash, Rigly)

I agree w/ this

Saved. Thanks for writing this.

Great summary.

You'll never payback the mining rigs.

Just buy hashrate with bitcoin and get kyc-free sats - rigly.io

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.

Yes yes lightning login is on the feature to-do list 🗒️

Thanks.

After several queries, based on my use of ChatGPT I think this would cut my monthly spend by 75%

Give me a way to save my credits pls 🙏

I'm a fan. Paid.

The warning "saving to local storage" is alarming right after I made my payment

How do I check my account balance..?

Anyhow, I'll give it a whirl and consider cancelling my ChatGPT sub in favor of PPQ

It's the best way to buy some hashrate and earn new sats.

It's also my project... give it a whirl and lmk what you think