nico on Nostr: Rigly does not KYC because it is a peer to peer marketplace for buying and selling ...

Rigly does not KYC because it is a peer to peer marketplace for buying and selling bitcoin mining hashrate and is therefore not a money transmitter. Rigly lowers the barrier to entry for bitcoiners to mine and point hashrate that is run by existing small and medium size mining operations. So you don't own the rig yourself, you are renting time on a machine from another miner directly. This has trade-offs becuase while you don't physically have the machine with you, you take control of hashpower from someone who is a professional operator with good electricity rates and all the necessary conditions to stay hashing.