It started about 2 hours after the purchase. Average hashrate for that time was 125.6 TH/s (slightly better than the expected 120). Braiins pool is estimating it made about 875 sats in that time, so I basically lost a third of my sats.

I can see this possible making sense as a solo miner, like buying that extra lotto ticket. But not much else.

What am I missing?

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The short term hashrate is a way to try out mining

When you buy hashrate for just a few hours, it sells at a premium so the mining farm has an incentive to sell (vs mining on their own)

Check out our auctions for mining where you can earn a profit

I put 1440 sats in to Rigly, and received 871 in my BraiinsPool account, for a loss of 569 sats.

So what happened during that three hours?

Are you saying this loss is due to the short duration purchased?

Your table of auctions doesn't give me an indication of where the proitabiliy line may be.