pull down to refresh
0 sats \ 5 replies \ @0000 25 Jun 2023 \ on: Any experience with a broker (BTC mining co.)? bitcoin
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!!
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.
reply
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.
reply
reply
internet providers :) :) :) .... absolutely ... they operate like a monopoly LOL
reply
reply