Home mining gains popularity again with Compass Mining

where do the bitcoin miners move to china

Compass’ new retail program continues to grow in popularity. And for good reason – after all, Bitcoin (BTC) mining started with home mines run by individual users themselves. So with the help of ASICs manufactured by Compass Mining, you can “go back to your roots”. In this article, we will reflect on this new trend, as well as explain who Compass is and what exactly it sells.

Compass Mining – who is it and what does the company do?

Compass Mining is an American company founded in 2020 and headquartered in the state of Delaware. Compass Mining provides a comprehensive Bitcoin (BTC) mining solution. This company offers both a mining platform and a hosting service that makes BTC mining profitable for individual users. However, these are not all the services that are offered by the aforementioned company.

Compass Mining, as the first company ever, has announced the launch of a new service called “At-Home-Mining”. This service is to provide individual users with professional hardware for digging BTC. The hardware is an ASIC, or application-specific integrated circuit, which you will be able to configure and deploy in your own home.

What can you gain by becoming a “miner”, and can you count on support?

BTC mining is becoming more and more accessible for ordinary users. This is, among others, thanks to the revolution that Compass Mining is carrying out. This is because the company offers various support channels that are especially helpful for newcomers. This support includes, among other things, information on how to set up the ASIC, as well as how to connect to the network and what rate of return you can count on when digging BTC. But it doesn’t stop there. The mining community also has its own channel on Discord and, in the words of the company’s CEO himself, White Gibbs, Compass offers “a huge archive of educational material for miners.”

There is no doubt about the fact that mining Bitcoin is lucrative. By being a miner, not only do you make money, but you also contribute to the security and decentralization of the entire Bitcoin network. However, there are also some inconveniences associated with cryptocurrency mining, such as equipment noise and excessive heat generation. You have to think for yourself and decide whether the number of benefits in this case outweighs the number of inconveniences that are associated with the whole procedure. One thing is certain: thanks to Compass Mining, BTC mining is achievable for you. 

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Crypto licenses revoked in Estonia, says AML chief

Estonia, a country until now known as one of the friendliest countries in terms of regulations for crypto entrepreneurs, is planning to revoke the crypto operating licenses granted so far. At least that’s according to Matis Mäeker, the recently appointed head of the

Read More »
Binance ends over-the-counter Chinese yuan trading in China

Binance ends over-the-counter Chinese yuan trading in China

For years, China has been consistent in its crackdown on cryptocurrencies. This move in 2017 affected cryptocurrency exchanges, including the world’s largest exchange, Binance, which had to end its crypto-related activities in mainland China. However, they still allowed trading in the Chinese currency,

Read More »
Edward Snowden calls CBDCs perversion of cryptocurrencies

Edward Snowden calls CBDCs perversion of cryptocurrencies

CBDC represents a very special segment of blockchain technology. At its inception, it attracted positive sentiment. However, this has changed significantly over time, to the point where central bank digital currencies have been called cryptocurrencies by Edward Snowden. An unforgiving opinion Edward Snowden

Read More »

Top Stories