Compass launches at-home bitcoin mining solution

Compass launches at-home bitcoin mining solution 21.09.2021 Lena Jess

Mining company Compass has introduced a service to deliver bitcoin mining devices at home and connect retail miners to the F2Pool pool.

Three new ASIC miner models are available to users:

  • Whatsminer M31S+ with a hash rate of 78 TH/s for $8100;
  • Whatsminer M30S with a hash rate of 88 TH/s for $9750;
  • Antminer S19 with a hash rate of 95 TH/s for $10,400.
  • Delivery time is two to three weeks from purchase.

For its part, Compass is offering help with connecting miners to the pool and providing other support services.

Compass CEO Witt Gibbs said the initiative came against the backdrop of an industry-wide shortage of data centre space.

"We have received a significant number of requests for ASICs from people who want to start mining bitcoin at home. Many prefer to set up a farm at home and not wait for racks to become available in the fourth quarter of 2021 or first quarter of 2022," he said

The service is currently only available in the US. Compass plans to expand it to Canada and Europe by the end of 2021.

Gibbs cited support from the company's experts as the main benefit of its offer. Compass is also offering discounts on F2Pool fees of 1.3% instead of 2.5%.

According to Gibbs, the current market situation is one of the most profitable periods for bitcoin mining. This is also supported by the high hash rate of next-generation devices.

"The economy is definitely going to change, given that home miners are paying around $0.105 per kWh on average," he added.

Recall that in July Compass entered into a 20-year partnership with Californian nuclear power plant operator Oklo.

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