Miners would get a share of the block reward according to how much hash supplied
Discussion
Yes, but they would anyway so why would I want to sell my hashrate in an auction if I was a large miner? Higher return? Can you sell the hashrate for more than the current hashprice?
We don’t work with large miners 😉 just small miners. They need the most help with upfront costs. Happy for Foundry, but they’re not our cup of tea 🫖
Can’t sell above the spot price. This hashrate marketplace lets the market work.
With auctions for plebs, the auction prices tend to go up the closer we get to the start of the block party. But since we added the ability to direct buy and bypass auctions completely, the final party auctions we’re in right now haven’t gone as high as they have in the past.
Someone used direct buy today to purchase 7,500 TH. They said fuck auctions, I just want in. Bigly.