Rigly
Rigly facilitates collaborative Bitcoin mining, allowing users to pool their hash power together. The platform offers instant access to mining operations for immediate participation in the network. It provides a community-focused environment for individuals to collectively secure blocks and earn cryptocurrency rewards.
- Blockchain & Cryptocurrency
- Financial Technology
- Software Only
Funding
Founders
Product
Problem
Traditional cloud mining services require significant trust, creating opportunities for fraud and unreliable hashrate delivery. This lack of transparency and security deters potential miners and limits access to Bitcoin mining for individuals without the resources to manage their own hardware.
Solution
Rigly operates a hashrate marketplace that connects buyers directly with mining farms, enabling them to bid on and purchase real mining power. By using a non-custodial escrow system, Rigly eliminates the trust typically required in hosted mining, ensuring secure transactions and reliable hashrate delivery. Buyers can start mining immediately by connecting purchased hashrate to their preferred mining pool.
Target Audience
Rigly targets individuals and smaller entities looking to participate in Bitcoin mining without the capital expenditure and operational overhead of owning and managing mining hardware.
Features
- Real hashrate from mining farms delivered directly to the buyer's mining pool account
- Daily and long-term auctions for flexible hashrate procurement
- Non-custodial escrow system with 2:2 or 2:3 multisig addresses for secure transactions
- Reputation system for evaluating mining farm reliability
- Instant mining option for immediate hashrate access
- Bitcoin-only marketplace