Never heard of hashrate auctions before. So you pay 1K sats to get 3h of hashrate. What happens after the 3h? Do you get a payout greater than 1K sats? What type of miner are we talking about?
Login to reply
Replies (4)
I’m looking at the website: I don’t understand. Seems too complicated
Lets say there’s 5 bids. I imagine only one wins in the end. What happens to the other bids? Is that all profit for you?
The test drive is 1k sats for 3 hours. It’s to try out mining and you’ll likely earn less than 1k sats on it.
The hash comes from a mix of different rig types and mining farms we work with.
The auction is for hashrate on longer timeframes (eg 30+ days) and future delivery. The auctions provide upfront $ for mining farms and they are more likely to earn a profit.
So I buy 1000sats, and some miners bids for that money in order to financie their operarions for 3 hours?