We got some love last week on Stacker News, but it also led to a great question!

https://stacker.news/items/807758

nostr:npub12y74q50shh7v4mf82mh0kmgvqk850gtcnz8zlkks7d9ahznzyqnqy4vrtz asked, “I must admit the ‘miners prefer to get the money upfront’ doesn't make complete sense in my head, would you care to elaborate on why that’s a better deal than mining it themselves?”

Our co-founder, Evan, gave this answer:

💡 The Mining Farm needs an incentive to send their hashrate elsewhere vs mining themselves. To create this incentive, the buyer can either pay a premium or pay upfront.

There are already 2 hashrate markets where you can buy hash at a premium—on Rigly we let the Mining Farm get paid upfront (50% upfront, 50% held in escrow during delivery).

For the farm, getting paid upfront allows them to expand faster:

* They can buy new ASICs

* Mining farm starts mining w/ new hardware right away

And then, if they choose to list this new hashrate on Rigly, the cycle can repeat over and over again.

This way a small or mid-size mining operation, with limited access to capital, can grow by selling their hashrate p2p to bitcoiners who want to secure their network (and earn some extra sats in the process).