New here? Here’s the TL;DR

🏪 Rigly is a marketplace for Bitcoin mining. ⛏️

Miners sell hashrate to Bitcoin HODLers.

Those miners receive BTC to fund & grow their operations. Bitcoiners get to buy hashrate at a profit. 🧡

🤔 Why?

Because small and medium-sized mining farms can’t access credit facilities to pay expenses and Bitcoiners want to mine, but can’t for a variety of reasons. (Or they try to mine and aren’t able to profit).

😨 Plus, and this is the scary part, mining is not as decentralized as any of us want it to be. The difficulty of mining has led to it being centralized into a few large mining pools.

If we don’t do anything, the centralization will worsen.

Rigly makes it easier for more people to get involved. Every day, plebs can participate in mining without buying ASICs, setting up infrastructure, waiting, and paying for expensive electricity.

Mining is less centralized, more democratized, and buyers stand to hash some sats.

All you need is a mining pool account like Braiins, OCEAN, Luxor, and others.

You can even earn some sats from hashrate auctions. Rigly isn’t custodial and we’re not a money transmitter. (We don’t handle your funds, they go from your mining pool to your wallet). We use a multisig escrow to prevent rug pulls on both sides—seller and buyer.

Since hashrate is a limited resource, Rigly lets the market decide the price by selling it at auction. In addition to our auctions, there’s also a “buy it now” price where the buyer pays a premium over the spot hashrate. 🛍️

With ~180,000 bitcoin mined each year until the next halving, that’s an immense opportunity for Bitcoiners. LFG! 🚀