Sure. Let's say a mining farm sells 90 days of 1 PH/s hash on Rigly:
- 90 auctions, 1 PH/s per day, for 12/15/24 to 3/15/25
- Hashrate sells for average 5-10% discount to realized future hashprice
The hashrate sells to several buyers, who send it to different pools, versus the single pool the mining farm was using. Let's say there are 10 different buyers of the hashrate, and so now there are 10 new miners participating, versus just the mining farm selling the hash to a single pool.
The mining farm gets 50% upfront payment for the hashrate, so they can grow faster. The remaining balance is held in escrow pending hashrate delivery to the buyer.
Rigly allows mining farms to get access to liquidity, by selling hashrate and getting partial payment upfront, so they can buy more ASICs, scale up with a new location etc.
Buyers of hashrate get to mine with the potential of earning a profit, by taking a measurable amount of risk.
The idea is to give mining farms a new source of funding and offer bitcoiners an easier way to mine, with the potential of earning a profit.
What do you think?