🕷️We’ll have to get into our origin story!
The reason we don’t just use ASICs is because they’re expensive and tough. We tried mining, we really did.
But working with hardware sourcing, logistics, power, uptime, etc., made us learn the hard way that mining is centralized around owning ASIC rigs.
đź’ˇ This led to our epiphany:
“What if there was a marketplace where bitcoiners could buy hashrate and start mining on rigs from around the world, without owning hardware?”
We also bought a rig from a hosting company…and got rugged. Mining rugs happen a lot. So we had another idea…
đź’ˇHow about multisig on-chain escrow?
So we gave it a spin and eventually decided on 50/50 escrow to benefit both hashrate buyers and miners.
Eventually, we got the idea for hashrate auctions because hashrate is like any other commodity, so why not auction it?
Now, we have Rigly, a mining marketplace where bitcoiners can bid on hashrate, mine bitcoin, and maybe even earn a profit.
Oh yeah, and that’s KYC-free, too. 🔥🔥🔥 LFG! 🚀
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