Rigly on Nostr: RIGLY UPDATE: As Rigly works through some maintenance to get our platform back up and ...
RIGLY UPDATE:
As Rigly works through some maintenance to get our platform back up and running, we wanted to provide an update on what we have been working on, why these changes were necessary, and what the changes will allow us to do.
Since we started as a hashrate marketplace, we have used stratu.ms as our proxy server to forward hashrate from the mining rig to our customer and their mining pool account. Forwarding hashrate this way is a key differentiator between Rigly and cloud miners: your bitcoin is held in escrow. Miners are paid once they deliver the hashrate to you.
Unfortunately, stratu.ms shut down their operation giving us only a small window to find (or build) a new solution. There are a few other proxy servers available on the market, but they need to be run locally and are mostly meant for mining farms.
So we decided to build our own. Over the past few months we have built a simple, efficient hashrate proxy in python.
By building our own proxy, we will be able to scale and deliver much more hashrate to customers. We have some big things coming in 2024, including the launch of our “over the counter” hashrate trading platform, and our proxy will allow us to service our higher volume customers as well as our customers buying hashrate from our daily auctions.
Looking ahead, we intend to open source our hashrate proxy. By open sourcing the proxy, customers who want a little extra anonymity can run it themselves to forward their hashrate, and anyone can verify its functionality by reading the source code.
As Rigly works through some maintenance to get our platform back up and running, we wanted to provide an update on what we have been working on, why these changes were necessary, and what the changes will allow us to do.
Since we started as a hashrate marketplace, we have used stratu.ms as our proxy server to forward hashrate from the mining rig to our customer and their mining pool account. Forwarding hashrate this way is a key differentiator between Rigly and cloud miners: your bitcoin is held in escrow. Miners are paid once they deliver the hashrate to you.
Unfortunately, stratu.ms shut down their operation giving us only a small window to find (or build) a new solution. There are a few other proxy servers available on the market, but they need to be run locally and are mostly meant for mining farms.
So we decided to build our own. Over the past few months we have built a simple, efficient hashrate proxy in python.
By building our own proxy, we will be able to scale and deliver much more hashrate to customers. We have some big things coming in 2024, including the launch of our “over the counter” hashrate trading platform, and our proxy will allow us to service our higher volume customers as well as our customers buying hashrate from our daily auctions.
Looking ahead, we intend to open source our hashrate proxy. By open sourcing the proxy, customers who want a little extra anonymity can run it themselves to forward their hashrate, and anyone can verify its functionality by reading the source code.