Compass Mining is a start up company that began in 2020. The company received funding from Kesha Ventures early in 2021 and has taken off ever since. The company is a bitcoin first company that sells ASIC rigs and server space. Compass believes decentralization is essential to maintain a strong and secure network. They do their job by allowing individual miners to mine all over the world they also take the time to education their customers on the technology behind Bitcoin.
Compass Mining is a special company because they provide some of the best hardware in the business. To anyone interested in mining Bitcoin I would suggest the Antminer S19 Pro. This hardware can be bought from several different companies but at this time Compass Mining is one of the few companies that provides hosting for your Bitcoin miners. Customers can buy mining rigs and then pay a monthly fee for Compass Mining to maintain their rig. Compass Mining has facilities across the world which allows them to provide their customers with the best monthly rates due to cheap electricity found in Russia, USA, Iceland, and Mexico.
The market of selling Antminers and hosting services didn’t exist five years ago. Compass Mining’s long-term success will be defined by their customer service and marketing capabilities. Luxor and NiceHash are competitors of Compass Mining and offer similar but also different services. It will be interesting to see which company becomes the Chick -Fil- A of bitcoin mining and hosting services.
References
“Compass – Bitcoin Mining and Hosting.” Compass Mining Inc., https://compassmining.io/.
