#Bitcoin mining has a handful of challenges for newcomers:
-It is the most competitive industry in the world
-The capital required to be competitive is high
-Tech you buy today may be obsolete in a year or 2
-You need cheap energy
@Rigly founded by @evanbaer is a solution for anyone.
Rigly is a marketplace for hashrate.
It solves the troubles newcomers to Bitcoin mining have such as: difficulty setting up their own rig and finding cheap energy.
It also solves the problem of people paying for hashrate at hosted facilities and then losing their capital in the event these facilities go offline (multiple instances throughout the years of this occurring).
People interested in purchasing hashrate can go to the marketplace on Rigly and buy without worry that they will get robbed because payment is stored in escrow on chain until the buyers receive all of their hashrate. Additionally, there is an auction house where perspective buyers can bid on hashrate where the market decides the price.
As large corporations continue to add to their hashrate, Bitcoin mining becomes less distributed and also less censorship resistance.
Rigly also helps address this issue because with more people contributing, distribution and censorship resistance both increase.
Bitcoin mining is arguably the most private way to participate in the Bitcoin network. When you win SATs, you can sweep this fresh Bitcoin (with no prior transactions), directly into a hardware wallet.
No ties to any KYC exchange.
Rigly opens this privacy up to anyone.
Rigly helps make Bitcoin mining for anyone, again.
The decision to support #Bitcoin isn't a political one, it's just the right one.
"Fix the money, and you fix the world."
With election day tomorrow, it's important to remember that #Bitcoin doesn't care if you are Republican or Democrat.
All the Bitcoin network cares about is instilling the next block in cyberspace's time-chain roughly every 10 minutes.
There is no BTC marketing team, no CEO, and no hidden agenda.
Tick-tock next block.
In the short-term, depending on the results of the US Presidential election, the markets will show some variability depending on who wins.
In the long-run, these will be minor blips for where #Bitcoin is going.
If Vice President Harris wins, I expect a short-term downturn in the price of BTC. If Former President Trump wins, we could rocket to all-time highs.
These expectations come from the Republican party aligning itself, from a stated perspective, as more BTC-friendly.
This isn't to say the Harris administration hasn't recently tried to appeal to the Bitcoin crowd-they have.
Unless something like a #Bitcoin strategic stockpile/reserve or other actively pro-Bitcoin legislation occurs, the words both parties have said will be just words.
People may need action or expected outcomes to drive the markets upward, but Bitcoin does not care because Bitcoin isn't political.
Bitcoin is Bitcoin, not a political argument.
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Notes by Tristan | export