Buy hashrate, get new bitcoin!
Did we mention mining via Rigly leads to earning bitcoin KYC-free” 😉
Bitcoin Mining: solving your privacy needs since 2009.
⛏️ Mining is like DCAing—anyone can do it.
Get started hashing sats today with just 1,000 sats.
Rigly is for the #plebchain to be able to bid, then mine, bitcoin.
We do NOT do cloud mining; we auction hashrate so anyone can mine.
GM! Everyone give a warm welcome to nostr:npub14fkfcx9j0494g8zejfdxsr9t8raxt9n8vzkz6l5w4ef0gjysh4dqcsmkgv today! Welcome to #Nostr! 🫡
HODLer can potentially earn a profit when they buy hashrate & mining farms get upfront liquidity 📈
🤝 We’ve been on #Nostr for a bit, but have recently become more active on here so we’re joining #introductions!
Rigly loves mining! ⛏️ We help you get in on mining without having to buy a miner, flare some gas, or buy a ton of expensive electricity. We also don’t do cloud mining or rentals.
We sell hashrate at auction. Simple.
Anyone can buy hashrate and that helps miners with their upfront expenses. This also helps steer the power of Bitcoin mining away from giant, centralized pools.
We hear you Nostr plebs are also into decentralization! Nice to meet you.
This is what we learned the hard way and therefore why we started Rigly!
♟️ TL;DR: The game has changed. ♟️
Decentralization is not only the future, it will be the only way to profit from bitcoin mining.
That’s not WHY we are passionate about what we do. We’re most passionate about helping decentralize bitcoin mining—which will therefore democratize it.
YOU are the miner now. Without the overhead of expensive equipment and electricity. No scams. No rug pulls. You don’t even need to be a dev.
Anyone, in their free time, can bid on hashrate. You stand to maybe earn some sats while miners get their bills paid upfront. (They still have to deal with all that pesky overhead; you don’t).
Rigly makes decentralization easier for the average pleb to take part in mining.
nostr:npub16vzjeglr653mrmyqvu0trwaq29az753wr9th3hyrm5p63kz2zu8qzumhgd is talking about this news from Riot: https://www.msn.com/en-us/money/companies/michael-saylor-hails-riot-platforms-as-a-company-on-the-bitcoin-standard-here-s-why/ar-AA1vxStk
#plebchain #minestr #mining 🤙
nostr:note1r7pugrr2gd9raf2jjtv33yd3wpk3u4f3wfl6w8ex7w4z7lhg7c6qru3gu2
GM! Stay humble, hash sats! 🌞
🕷️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.
💡 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…
💡How 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! 🚀
nostr:note1jw7wykpzeqz7s4v466he8q9n92k4lq402kxtgfjwxhye85vmg9xs5dxx3c
No shitcoins. At Rigly, we’re a Bitcoin-only company.
We took the orange pill, now we’re on #Nostr from the purple pill! 🧡 💜
Help a miner diversify their risk today. Get in on a hashrate auction with Rigly.
Start when you buy 3 hours of hashrate for just 1,000 sats.
Take a test drive 👉 https://rigly.io/test-drive
GM! Stay humble, hash sats ⛏️
Happy Sunday 👋
Good afternoon,
Stay humble, hash sats ⛏️
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?