Rigly Review 2025: Buy P2P Bitcoin Hashrate Easily

Bitcoin Mining isn’t exactly simple; it comes with challenges like heat, noise, high electricity costs, and other technical hurdles. Over the years, alternative solutions have emerged, such as cloud mining—which, unfortunately, carries a high risk of rug pulls—or hosted mining, where you buy a miner and send it to a hosting company. However, even hosted mining can be risky and costly, with a slightly lower but still significant chance of fraud.

Rigly, the platform I am about to review today, addresses these issues with a concept called "Trustless Mining." With Trustless Mining, you can buy hashrate through an escrow system, connect directly to your preferred pool, and mine without the risk of fraud. This escrow system is based on on-chain multisig technology, ensuring that funds are securely held in escrow until the purchased hashrate is confirmed as delivered, providing a truly secure and transparent mining experience.

👉 Sign up on Rigly with code BLOCKDYOR for 1 FREE day @ 120 TH/s mining after your first purchase.

What Is Rigly?

Rigly, headquartered in New York, is a groundbreaking auction marketplace for Bitcoin mining, designed to make mining more accessible and support a decentralized network. By connecting buyers directly with mining farms, Rigly empowers users to help secure the Bitcoin network while potentially earning profits.

How Rigly Decentralizes Bitcoin Mining

1. Buyer-Controlled Hashrate: Rigly enables buyers to direct their purchased hashrate to any mining pool or even mine solo, rather than locking them into specific providers. This reduces concentration in single pools or companies, supporting a broader and more resilient network.
2. Transparent Payment with Escrow: Payments for hashrate are handled through an on-chain escrow with a multisig wallet. Mining farms receive a portion upfront (50% to be exact), while the rest 50% balance is held in escrow until the hashrate is confirmed as delivered. This setup provides security and mutual trust for buyers and sellers.
3. Wider Network Participation: By lowering barriers to entry, Rigly allows more individuals and smaller players to participate in mining without purchasing costly hardware, leading to a decentralized distribution of mining power.
4. Auction Marketplace: Rigly’s auction format increases market transparency and competitiveness, allowing buyers to choose the best terms from a variety of mining farms. This benefits users and opens the industry to more participants.

How Rigly And Their Trustless Mining Works

Rigly introduces a new approach to mining security with Trustless Mining, a system that ensures buyers receive exactly what they pay for—without relying solely on trust. Here’s how it works:

1. Starting the Transaction: When you purchase hashrate on Rigly, the payment doesn’t go directly to the seller. Instead, 50% of it it’s held in an on-chain escrow, locking the funds securely on the blockchain. This escrow guarantees that no funds can be accessed by either party until the agreed terms are met.
2. Dual-Signature Security: Rigly uses a 2:2 multisig wallet for added protection, with two separate keys needed to release funds. Rigly holds one key, and the mining provider (the seller) holds the other. This design ensures that neither party can act alone, adding a reliable, trust-free layer to each transaction.
3. Completing the Deal: When the buyer confirms that they have received the agreed hashrate, both Rigly and the mining provider sign off, releasing the totality of the funds to the seller (minus the Rigly's fee). This collaborative process prevents any party from moving funds without mutual consent, securing everyone’s interests.
4. Future Enhancements: Rigly is developing even more secure setups, such as a 2:3 multisig option where the buyer will hold a key as well. This future upgrade will provide buyers with a direct role in the escrow, further enhancing transparency and security across the platform.

With Rigly’s Trustless Mining, buying hashrate becomes a fully protected transaction, creating a secure environment where both buyers and sellers can engage without fear of fraud or loss.

How To Get Started On Rigly

Getting started on Rigly is straightforward—no KYC is required, just an email. To make the process even smoother, it’s helpful to have pool credentials ready. I recommend OCEAN, as it’s simple to set up and doesn’t require KYC. Also Ck Pool is good if you plan to try your luck with "solo" mining. During registration, Rigly also offers pool presets, so all you’ll need is a Bitcoin address.

Ready to dive in? Register on Rigly using the link below. blockdyor readers receive an exclusive deal with their first purchase!

👉 Sign up on Rigly with code BLOCKDYOR for 1 FREE day @ 120 TH/s mining after your first purchase.

Add your email and make sure the Referral code is BLOCKDYOR in order to get the special hashrate bonus.

Select your mining pool, add your mining pool username (usually is your bitcoin address). Don't add any worker after the username and double check that the mining pool address is correct.

You will receive a confirmation email. Simply click on it, and your account will be ready to start buying hash!

Start Buying Hashrate

To unlock the bonus, you need to "make a purchase" on the platform. This can involve winning a hashrate auction or quickly buying available hashrate (this last one is way quicker), which is a straightforward process and it's super-cheap (just a few sats). Here are the steps to get started.

After having logged in and from the homepage, click on "Buy Hashrate" and then on "Buy Hashrate Now".

Choose your preferred duration; you can select as little as one hour—any duration works. For this example, I’ll choose 24 hours, and then click on "Buy hashrate."

You can pay using Bitcoin on-chain or via Lightning. I prefer Lightning because it has lower fees and allows you to start mining in just a few seconds, so I highly recommend it as well. There are many Lightning wallets available, but my favorite is AQUA.

Lightning Network payments on Rigly are incredibly fast, with lower fees than traditional on-chain transactions. Within seconds, your payment is confirmed, and hashing is likely to start soon after. You can track this activity directly in the Rigly dashboard, as well as on your mining pool’s dashboard. Let's have a look at how it is structured.

By clicking on Orders > View > Info > Hashrate it's possible to see that the order in question (1755 in this case) still needs some hours to finish and it's scheduled to receive 120TH/S for 24 hours, exactly as agreed in the transaction.

In the mining pool—specifically, the popular non-KYC, decentralized OCEAN pool—Rigly efficiently appended the worker name ".Rigly1755" to my Bitcoin address, streaming a consistent average of 120 TH/s as scheduled.

Navigating to Orders > View > Manage on Rigly reveals an intriguing feature: each satoshi spent on instant hashrate buys or auction purchases is securely held in multisig escrow. This escrow only releases funds once the agreed hashrate has been fully delivered and there haven't been controversies arises between the two parties, meaning the rental period has finally concluded.

This is the essence of Trustless Mining on Rigly—maximum security for the hashrate renter, and no way for the seller to renegotiate or pull the hashrate and/or funds prematurely. Rigly relies on cryptography and mathematics to uphold these contracts, ensuring transparency and integrity in every transaction.

Participate In An Hashrate Auction On Rigly

Perhaps the best way to take advantage of Rigly is by bidding in their auctions, which often allows you to secure hashrate below the prevailing hashprice. Here, I’ll walk through how I managed to rent hashrate for less than the market hashprice.

When I ran the test, hashprice was in freefall amid a volatile backdrop—a national election, Bitcoin’s price surge, and rising network hashrate. Not exactly the most stable conditions for calculating mining profitability. Yet, even with these shifting factors, I was able to lock in a profitable rate relative to the hashprice.

To have a look at the auctions, just go from the menu Buy Hashrate > Auctions.

Rigly’s platform displays a list of all active and completed auctions, showing details like the auction duration, current highest bid, and time remaining. Reviewing completed auctions can be particularly useful for gauging past competition among bidders, offering insights into what others are willing to pay without even referencing the hashprice. Each week brings new auctions from companies around the world, with some dedicated to charitable causes—such as auctions that donate proceeds to Opensats, a 501(c)(3) public charity supporting a sustainable ecosystem of funding for free and open-source projects.

The active auctions are, naturally, where the real excitement lies. Click on any auction to explore the details, and if one catches your interest, you might just place a bid.

Every auction has a dedicated page and it's where the action really begins. Let's see how it's structured:

1. Auction Details: Displays the auction title, hashing power, duration, and miner name, providing a quick overview of the offer.
2. Bid History: Lists all bids so far, revealing the intensity of competition. Fast bidding may be necessary to secure a win. Bidding can get intense—losing to a higher bidder is common. In this particular auction, I was outbid by SHA 212 when I hit my max, which was over the hashprice.
3. Countdown Clock: A live timer shows the time remaining until the auction closes, keeping the urgency clear.
4. Current Bid.
5. Standard vs. Proxy Bids: Two options allow for flexible bidding strategies. Proxy bids increase incrementally to stay ahead, often more effective in competitive auctions.
6. Hashprice Benchmark: Rigly provides a hashprice metric, letting you quickly assess if a bid is likely to be profitable based on current market conditions.

After winning an auction, complete your purchase by clicking the Checkout button. You'll also be able to view the hash price you secured by winning the bid; in this instance, it's 56 sats/th/s/day—about 10% lower than the current hash price, as mentioned earlier (63 sats/th/s/day), based on the hash price index.

At checkout, you'll also notice the Auction fee—a small percentage Rigly collects to sustain its platform. Click checkout once more to proceed to the payment page.

You have the option to pay with Bitcoin either on-chain or via the Lightning Network. For this transaction, I chose the on-chain payment. All, or a part of the funds are sent to an escrow account and will be released to the miner (along with Rigly's fee) once the hashrate has been fully delivered.

In Account Settings > Orders, the payment status initially appears as "Processing" since I chose the slower, on-chain payment method. After roughly 10 minutes, the status updates to "Paid." Once the hashrate begins, you'll see "Delivery Started," and upon completion, "Delivery Ended." By selecting the View option, you can access more detailed information and options related to your hashrate order.

Rigly Business Model: Is It Safe?

Rigly is rewriting the rules of bitcoin mining by offering a marketplace where anyone can participate in securing the network without the weighty costs and risks traditionally associated with the industry. This non-custodial platform links mining farm operators directly with individual miners, creating an ecosystem where hashrate—the raw power needed for mining—becomes a tradeable commodity. By removing the need for hardware ownership and the burdens of maintenance, Rigly aims to democratize access to the benefits of mining, an activity that once belonged to only those with the means to afford expensive, specialized machinery.

For buyers, Rigly offers more than just convenience; it creates a safe, private space to engage with Bitcoin mining on their own terms. Here, miners participate without undergoing cumbersome identity verification checks. The platform operates outside the conventional norms of Know Your Customer (KYC) requirements, appealing to those who prioritize privacy and self-sovereignty in their financial pursuits. A buyer can access hashrate as easily as logging in and purchasing on the spot, or by placing bids in an auction that allows the market to determine prices based on Bitcoin’s difficulty cycles.

Mining farms, on the other hand, see Rigly as an effective way to reach new customers and monetize excess capacity, receiving 50% payment immediately after the auction ends and the remaining 50% from the multisig escrow, upon contract completion.

For operators, the platform provides a direct pipeline to retail miners, enabling them to offload additional hashrate whenever needed. With Rigly’s secure, multi-signature escrow system, transactions are governed by the blockchain itself, ensuring that payments flow only once the terms are met. For the mining farms, it’s a risk-mitigated way to broaden their market without surrendering control or increasing administrative overhead.

Rigly’s user-friendly yet technically rigorous setup is backed by an infrastructure designed to route and verify hashrate as it moves between farms and buyers. Rigly’s stratum proxy technology connects seamlessly with a variety of mining pools, including OCEAN, Braiins, Luxor, F2Pool, and even CKPool for those looking to mine solo. Each transaction becomes a testament to the efficiency of on-chain escrow, which guarantees that no single party has control over funds until both sides have agreed to the conditions, a system that stands in stark contrast to traditional custodial models.

In recent months, Rigly has rolled out more robust features, with spot mining auctions enabling immediate access to hashrate and an auction market fostering price competition based on Bitcoin’s difficulty epochs. For newcomers, a test-drive program offers a brief, low-cost experience in mining, giving prospective miners a taste of the rewards—and the risks—that come with engaging in Bitcoin’s vast network.

The broader vision Rigly brings to mining is grounded in privacy, self-custody, and accessibility. Each transaction is handled in Bitcoin, honoring the original spirit of decentralized finance and ensuring that personal information remains a private affair. The result is a marketplace where miners can participate without the common pitfalls of KYC regulations, opting for Bitcoin-only payments and securing their activity through a privacy-preserving infrastructure.

With future enhancements on the horizon, Rigly is poised to grow even further. Plans include high-volume over-the-counter trades for larger players, advanced 2:3 multisig setups that increase security, Lightning Network integration for faster transactions, and additional pool partnerships that expand buyer options. In its mission to level the playing field, Rigly empowers individual miners to join the network on their own terms, free from the traditional gatekeepers of the industry. This fresh approach to mining offers a compelling glimpse into a future where the power of Bitcoin remains as decentralized as it was originally envisioned.

Rigly & Smart Contracts

Rigly’s approach to mining contracts aligns closely with the foundational ideas of “smart contracts” as envisioned by Nick Szabo, one of the founding fathers of what bitcoin is today. In the traditional sense, a smart contract is a computerized protocol that enforces the terms of an agreement, aiming to reduce the need for intermediaries while enhancing security and trustworthiness. Rigly adopts these principles in its mining marketplace by implementing non-custodial, multisig escrow transactions and decentralized controls, embodying a modern, applied form of Szabo's concept.

In Rigly’s marketplace, buyers and sellers of mining hashrate enter into trustless contracts where funds are secured in an on-chain multisig escrow. This mechanism parallels the aim of Szabo’s smart contracts to enforce fair terms and prevent unauthorized actions. By using escrow, Rigly minimizes the potential for either party to compromise the transaction, preserving the transparency that Szabo identified as crucial for reducing fraud and enforcing contractual terms.

Furthermore, Rigly’s planned transition to a 2:3 multisig system, where buyers also hold a key, adds another layer of decentralized control. This allows users to participate in and verify each stage of the transaction directly, empowering both sides and maintaining contract integrity without reliance on centralized authorities.

Is Rigly Profitable For Who Buys The Hashrate?

Is renting hashrate on Rigly a smart move? The answer depends on your goals and ability to participate in the auction. From an economic standpoint, mining is one of the most complex industries, where profitability hinges on multiple, often unpredictable, factors. On Rigly, renting hashpower means that mining farms sell you their capacity—but they don’t do so for free. Their pricing includes not only the base hashprice but also a premium to ensure they stay profitable. Without this, they’d operate at a loss, and mining, after all, isn’t a charity.

Additionally, if you’re considering renting an ASIC for an extended period—say, two or three months—you’ll need to factor in the shifting landscape of mining economics. Changes in Bitcoin’s hashprice, adjustments to mining difficulty, and fluctuations in Bitcoin’s market price can all significantly impact your return on investment, either positively or negatively.

Rigly’s Buy Hashrate Instantly option is an incredibly convenient way to access mining power, complete with Lightning and on-chain payment options. However, the convenience does come at a premium—currently around 100%—and the option is limited to a single TH/s rate, though this may change in the future.

The true heart of Rigly lies in its auction section, a global marketplace akin to eBay, where users can bid for hashrate from mining farms around the world. During special events, such as Bitcoin Whitepaper Day, New Year’s Eve, or the Bitcoin halving, Rigly hosts themed auctions that add an extra layer of excitement.

A variety of auctions run regularly, typically lasting a few days, with competition heating up as bidders aim to secure the most profitable rates. A high bid could mean diminished returns, but a well-placed bid can yield hashrate at a significantly lower cost than the current hashprice, offering a unique chance to mine Bitcoin profitably.

Hashrate Days By Rigly: You Always Get What You Pay

Rigly’s concept of hashrate days offers a practical solution to the unpredictability of Bitcoin mining. Mining often faces disruptions—like grid curtailments due to energy demand, unexpected hardware failures, or even pool outages—which can interrupt the continuous flow of hashrate.

By structuring auctions around hashrate days, Rigly ensures that buyers receive the exact amount of computational power they paid for, regardless of any interruptions. Rather than simply selling a set duration of time for mining, Rigly guarantees the delivery of a specific quantity of hashrate output over the agreed period. For example, if you purchase 10 hashrate days, you’re buying 10 full days’ worth of processing power—even if circumstances cause temporary delays in its delivery.

The hashrate days model provides buyers with confidence, knowing they’ll receive all the hashing power they paid for, rather than being impacted by fluctuations or downtimes in the mining process. This system protects the buyer’s investment and keeps the process transparent and fair, maintaining Rigly’s commitment to reliable, trustless transactions in Bitcoin mining.

Rigly Hashpower: It’s About More Than Just Profit

Buying hashpower on Rigly isn’t solely about turning a quick profit; it opens up a world of opportunities for enhancing privacy and experimenting with different mining methods.

Anonymize Your Bitcoin

Consider the situation where you own 1 BTC purchased through a KYC platform like Coinbase, meaning it’s directly linked to your identity. To sever this link, several techniques can help, such as CoinJoin, or executing multiple Lightning transactions. However, perhaps the most effective way to “clean” your BTC is by using it to rent hashpower. This way, you can earn freshly mined coins directly from the coinbase transaction (the first transaction in a block that rewards miners), bypassing the need for intermediaries. By mining through a no-KYC pool like OCEAN, you receive brand-new bitcoins that carry no ties to your previous transactions.

Trying Your Luck with Solo Mining

Rigly also offers the chance to experiment with solo mining pools, a form of mining that doesn’t split the rewards with other participants. One popular option is the CKPool at solo.ckpool.org. While technically not pure solo mining, as it uses pooled resources, it delivers 99% of the block reward directly to your Bitcoin address if you happen to strike gold and find a block.

For those who may have paid a premium for hashpower in a competitive auction, this can be an exciting way to maximize potential rewards and add a layer of unpredictability. With a little luck, solo mining can offset costs and provide a higher reward if you successfully mine a block.

Rigly Alternatives

There aren't many alternatives, and it’s easy to fall into the trap of a rug pull in this niche market. However, there are some long-standing solutions that offer similar p2p buy/sell & reliability like Rigly.

Mining Rig Rentals (MRR): This platform is the closest alternative to Rigly, but it's tough to compare the two directly. MRR doesn't have an auction system; instead, it operates more like an "order book" where you can select the rig and rent the hashrate. The platform charges a 3% fee, which is notable. However, unlike Rigly, where scoring a rig below the hash price is possible (as shown in this guide), MRR makes it difficult to do so. MRR is not limited to Bitcoin and supports a wide range of algorithms and coins. Mining Rig Rentals Review.

Nicehash: This platform is a completely different experience, especially since it transitioned to a KYC solution some time ago. While it offers a much larger hashrate pool than both MRR and Rigly, users are required to go through identity verification to use the service. Although I haven't tested it myself, I've read that not all pools may be supported. Like MRR, Nicehash isn't Bitcoin-exclusive and supports many other algorithms and coins.

Rigly Pros & Cons

Bottom Line

Rigly offers a unique, enticing and flexible platform for buying hashrate with no KYC, appealing for those seeking decentralized, secure, and versatile mining options. While the platform’s auction feature provides opportunities for lower-cost hashrate, the high premium on instant purchases can affect profitability.

With robust escrow protection and seamless Lightning payments, Rigly balances ease of use and security, making it a solid choice for both novice and experienced miners.

👉 Sign up on Rigly with code BLOCKDYOR for 1 FREE day @ 120 TH/s mining after your first purchase.

Rigly Evaluation

Hashpower Selection: Rigly provides a diverse range of hashrate options with flexibility for mining Bitcoin or other assets through the popular SHA-256 algorithm. This variety makes it easy for users to find and rent exactly the amount of hashrate they need, especially through competitive auctions. Rating: 5/5

Platform Usability: Rigly’s platform is intuitive and easy to navigate, with clear sections for instant purchases and auctions. While there may be a slight learning curve for newcomers, especially with the auction bidding system, users quickly get familiar with managing rentals and tracking performance. Rating: 4/5

Trust and Security: Rigly prioritizes trust by using an escrow-based system, where payments remain locked until the rented hashrate is fully delivered. This trustless setup significantly reduces the risks of underperformance or non-delivery, making it a secure option for renters. Rating: 5/5

Pricing and Fees: Rigly’s auction feature enables users to potentially rent hashrate below the standard hashprice, making it very cost-effective. However, the instant purchase premium is high, which may impact profitability. Transparent fees ensure clarity in the rental process. Rating: 4/5

Customer Support: Rigly offers responsive support, with helpful assistance provided in cases of rental issues or questions. The platform is proactive in resolving disputes, adding to the user’s confidence when renting hashrate. Rating: 5/5

Frequently Asked Questions (FAQ)