Never heard of hashrate auctions before. So you pay 1K sats to get 3h of hashrate. What happens after the 3h? Do you get a payout greater than 1K sats? What type of miner are we talking about?
Lets say there’s 5 bids. I imagine only one wins in the end. What happens to the other bids? Is that all profit for you?
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Only the winning bid pays.
Bidders are gated on paying for the test drive before they can bid, which cuts out most fake bids.
Interesting. So how does Rigly make money?
3.5% auction fee
