I'd like to know if any of you have been mining with brokers (compass mining, blockware solutions, wattum etc...) if so, what was good/bad about your own experience?
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0 sats \ 2 replies \ @lv99_slacker 26 Jun 2023
Recently started mining with Kaboomracks. Their support for complete and total newbs (like me) leaves a lot to be desired, but this issue has been counteracted for me on the fact that I haven't given them any personally identifying information. Used s fake name, fake address, and Protonmail email address.They didn't ask for any ID copies/selfies. I don't know of any other hosting company that essentially does KYC-free ASIC miner hosting.
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0 sats \ 1 reply \ @muteness11 OP 26 Jun 2023
Non KYC is fantastic ... I appreciate if you help with the following questions
- How much time it took from buying into deployment?
- Did you face any operational issues?
- What is their commission % of mined BTC?
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0 sats \ 0 replies \ @lv99_slacker 26 Jun 2023
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I placed an order late April, and my ASICs went live early this month. Other expenses: a one-time setup fee of $2,208 for a 24 month contract, and once the ASICs go live, I have to pay $552 per month for my electricity/hosting fee. The fee will vary on the model(s) of your ASICs. I'd be paying less if the machines I purchased were S9"s as opposed to S19 XP"s.
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Have not faced any operational issues yet.
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I don't think Kaboomracks has their own mining pool. They don't take any of the BTC I've mined I mine to Braiins pool.
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0 sats \ 5 replies \ @0000 25 Jun 2023
Do not use Compass. Do not host your machines in authoritarian nation states because electricity is cheaper. Compass had serious customer service issues and mountains of trouble with their facilities in the USA. They also had facilities in Russia. When they got sanctioned, anyone who bought and hosted in the Russian facilities got rug pulled. Those miners are still in Russia and customers are out of luck. Everyone hosted there because the electricity was mad cheap.
I think it is better to source the hardware yourself and find private facilities to host your hardware that give you physical access to your hardware on-premise. Anything short of that and you are playing with fire. It is more work but a lot of services like Compass are too expensive to make ROI economical after hosting fees and stuff. They don't even own the land or warehouses they host equipment in. It is all leased!!
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0 sats \ 4 replies \ @muteness11 OP 25 Jun 2023
Thanks for the comprehensive response. Yea I was following compass story very closely (total fiasco). I just wanted to get feedback from the ones who used a broker service directly.
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0 sats \ 3 replies \ @0000 25 Jun 2023
They might be improved now with a new CEO but really at the end of the day if you cant physically access the machine you don't own it. Compass would frequently relocate machines between facilities and lose track of them for months at a time. I tried to help a buddy out but their customer service was the worst experience I have ever had. Worse than dealing with internet providers. Got through it in the end but it took a good portion of a year.
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0 sats \ 0 replies \ @muteness11 OP 27 Jun 2023
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0 sats \ 1 reply \ @muteness11 OP 25 Jun 2023
internet providers :) :) :) .... absolutely ... they operate like a monopoly LOL
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0 sats \ 0 replies \ @0000 25 Jun 2023
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