Compass Mining , which claims to be the first and largest online marketplace for Bitcoin mining hardware, hosting, and reselling, recently revealed the release of their Home Mining Guide, which “details information on set up, maintenance, repair, and research for home bitcoin mining.”
As it exists, there are many “knowledge gaps” in the home mining industry. ASICs are “very loud, run very hot, and require high voltage, and new customers often are unprepared to deal with these issues.”
The update further noted that Compass’s Home Mining Guide addresses this and “provides insight into how to anticipate and overcome home mining challenges before your ASIC arrives at your doorstep.”
Whit Gibbs, CEO of Compass Mining, commented:
“There are so many stories of people getting miners and failing because they underestimate electrical requirements, heat or noise – or really all three. Our goal with this guide was to create a single resource accessible to everyone, rather than leave information scattered throughout the internet in places that some people don’t visit. At Compass, we want to help everyone get set up and hashing. We think this guide will help many people by enabling them to overcome common obstacles and providing them with realistic expectations for their mining effort.”
As mentioned on the announcement, this guide is “for both newcomers, and for anyone who wants to improve their home mining setup.” Compass Mining also noted that they “aim to be a trusted resource for the community, helping everyone succeed.”
Compass Mining, as part of its mission, “supports the democratization of Bitcoin mining, regardless if miners are Compass clients or not.”
The firm “defines success by its ability to lower barriers to entry and positively impact the bitcoin mining industry, while in turn strengthening bitcoin’s underlying infrastructure.”
The Home Mining Guide “is available to anyone interested in mining bitcoin at home, no matter where your ASIC was purchased.”
Additional information about home mining may be accessed here.
A PDF of Compass’s Home Mining Guide is available here,
As covered, Compass Mining claims to be “a Bitcoin-first, proof-of-work mining hardware and hosting company on a mission to strengthen Bitcoin’s network by democratizing hash rate.”
Compass’ mining marketplace “offers easy procurement, deployment of mining machines, and resale for institutional and retail clients.”
Compass also “produces industry-leading research and educational content through a variety of tailored media product offerings.”
Mining is “a notoriously opaque sector of the Bitcoin industry, but Compass now guides everyone’s path to successfully mine bitcoin.” Thanks to Compass, ”now everyone can mine bitcoin,” the company claims.