0 sats \ 3 replies \ @BTCMiner 21 Apr 2022 \ on: Compass Mining Shuts Down Russian Facility Due to Sanctions bitcoin
Here's a post here on SN about the sanctions:
Treasure department sanctions russian bitcoin miners
#21425
https://home.treasury.gov/news/press-releases/jy0731
6 months ago I would have said hashrate growth upper boundary constraint was foundry capacity, now it looks like it's going to be miners ability to stay plugged in (regulatory stability, energy pricing, contract terms).
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Ouch.A cruel lesson in the importance of self hosting your hardware. Hope there aren't too many Bitcoiners caught up by this.
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This is a nice way of saying you won't get your money back, Compass has done this with miners when there were issues getting the machines on at facilities, and the people who bought the miners took a loss. I understand its probably hard on Compass's side as well to do all this but if it's not your machine you're trusting Compass
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