The test drive is 1k sats for 3 hours. It’s to try out mining and you’ll likely earn less than 1k sats on it.
The hash comes from a mix of different rig types and mining farms we work with.
The auction is for hashrate on longer timeframes (eg 30+ days) and future delivery. The auctions provide upfront $ for mining farms and they are more likely to earn a profit.
Thanks for the explanation. Is it the same idea on a 30+ day timeframe? You pay upfront for the hash when you win the bid and what you would earn during the timeframe is a bit lower than what you bid? Does all the hashrate go to the winner or a part goes to Rigly?
The auctions allow for the market to establish the price. The market could bid over or under the going fpps price. All the hashrate goes to the buyer. Rigly takes it’s fee from the initial payment, not from the hash rate.
So I buy 1000sats, and some miners bids for that money in order to financie their operarions for 3 hours?
