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Rigly 1 year ago
⛏️ It’s only 1,000 sats to get started with hashrate auctions on Rigly. 1K sats = 3 hours of hashrate with a Braiins pool account. ⚡️ If you’d like to get started, we’re zapping 1K sats to the first 10 people to COMMENT and REPOST this note! 👉 https://rigly.io/test-drive

Replies (57)

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Rigly 1 year ago
⛏️ haha! Mine away! 🫡
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Rigly 1 year ago
⚡️ 4 zaps sent! 6 to go! Gotta wake you guys up before Genesis Block Day 👀
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Rigly 1 year ago
You’re welcome! ☺️
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?
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Rigly 1 year ago
Your biggest fan 😉
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Rigly 1 year ago
3 zaps left!!!! ⚡️
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Rigly 1 year ago
We stand on business 🫡
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Evan Baer 1 year ago
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.
Evan Baer's avatar
Evan Baer 1 year ago
Only the winning bid pays. Bidders are gated on paying for the test drive before they can bid, which cuts out most fake bids.
Thanks for the explanation. Is it the same idea on a 30+ day timeframe? You pay upfront for the hash when you win the bid and what you would earn during the timeframe is a bit lower than what you bid? Does all the hashrate go to the winner or a part goes to Rigly?
Rigly's avatar
Rigly 1 year ago
The auctions allow for the market to establish the price. The market could bid over or under the going fpps price. All the hashrate goes to the buyer. Rigly takes it’s fee from the initial payment, not from the hash rate.
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Rigly 1 year ago
We were giving out free sats earlier! We will do it again tomorrow!
Eh. I'm late to the party, but at the party nonetheless, I guess. Lol. 🤷🏿‍♀️
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Juande 1 year ago
So I buy 1000sats, and some miners bids for that money in order to financie their operarions for 3 hours?
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Rigly 1 year ago
Glad to hear it stopped