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55 sats \ 4 replies \ @evanbaer 29 Oct 2023 \ parent \ on: deleted by author bitcoin
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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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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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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