Introducing auction deposits
Do you love winning auctions, but hate sending full payment before you start receiving hashrate? We fixed that.
Rigly has simplified the payment process for Forward Auctions and now only requires a 15% auction deposit with the balance due once your mining term begins.
This change simplifies the whole exchange and makes buying hashrate more accessible and affordable.
Q: I'm a buyer. How does this benefit me?
A: You pay less upfront for your mining.
It also means you can buy hashrate for multiple periods, so you can gain even more flexibility and control over your mining investments.
Q: I'm a seller. How does this benefit me?
A: The low-cost deposit attracts more buyers and results in a better bid price.
Q: Where are escrow deposits held?
We hold your deposit in a 2:3 multisig escrow– we call this Trustless Mining escrow– to ensure the delivery of your hashrate and provide a refund in case of default. See here for details.
Buying and selling hashrate with Forward Auctions is easier than ever. So what are you waiting for? Place your bid now!
*Auctions with immediate hashrate delivery will continue to require full payment after the close. The 15% deposit feature only applies to Forward Auctions with future hashrate delivery. Auction deposit requirements may vary, see the auction listing for details.
