1) Where would the additional yield come from?
2) if during the timeframe you rented the hashrate it hits a block who gets reward? Or does it not work this way?
3) can i put in kyc sats and get no kyc sats back🤔
Thanks!
Ahem,
✨Nico just dropped a MAJOR tease and tried to be sneaky by doing it in Italian…✨
“Hi nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpq8nagz6a53yh6d05e8trj487dhvyfhh4qchvsz87jqng4g4zl5tvs0frh8m , nice to meet you! I am Nico, one of the founders of Rigly. I speak a little Italian. The profit you get depends on the product you buy. The test drive is designed as a low cost option to try, you won't get all 1000 sats back because it is at a premium price. Instant mining options work the same way. Auctions, at the moment, can lead to a profit depending on how much other bidders raise the price and the value of the hashprice as you receive the mining. However, we are working on a new product that we will launch soon, with a fixed return: you will mine until you get back a percentage more than you paid.”
We’ve got some cool stuff we’re working on BTS 🔥🚀
Discussion
Oh man, the bosses owe me hazard pay for that “yield” word, lemme tap them in because I can’t see straight now 😵💫
1. At this moment, the only product where you can potentially make a profit is the auctions. That is IF the price at which you buy the hashrate is lower than sum total of payouts you receive for mining with what you purchased (https://blog.rigly.io/how-to-bid-on-rigly-auctions-20250127/). We do have a new product about to come out which will offer a fixed-return. This yield for that will come from miner's willingness to sell their existing hashrate at a discount in return for getting paid upfront.
2. Depends on how you choose to mine. When you buy hashrate on rigly you choose where to point that hashing power. There are different kinds of pools you can choose with different payout schemes. If you mine with FPPS which pays you per unit of computation, it doesn't matter if you the pool hits a block or not you get paid out anyway. If you mine with Ocean, which uses something like PPLNS, they pay out per block that is found proportional to the contribution to the pool. If you solo mine, you only get paid if you find the block (it's like a lottery).
3. It also depends on what pool you use, if they do not KYC, then yes you effectively mine new bitcoin without KYC.
Clear and concise thanks!