Jacob Bergen

Nodes keep unconfirmed transactions in a memory pool before checking their validity.

Curtailment occurs most frequently in summer months when customers turn on their Air Conditioners which causes a sudden increase in electricity demand on the grid.

At Compass, it’s important that our customers understand the Bitcoin Halving, an event occurring approximately every four years, as it directly influences strategic individual and collective decision-making around one’s fleet.

If a miner is relocated, it first gets sent to a service center to be cleaned and tested before it is sent to its new facility.

Compass Mining charges one hosting fee per month per miner, to cover things like security, customer service and energy pull of the miner.

ASICs are complex machines and sometimes need repairs and servicing. Watch the video to check out how Compass Mining handles your machine when it needs servicing–from a simple fan swap to a more complex hashboard repair.

Learn how to mine Bitcoin with Compass Mining in just a few minutes! We go over the purchase flow, how to pick a miner and how to set up your mining pool.

Bitcoin mining uses energy to process and finalize transactions onto the blockchain from around the globe.

ASICs are specialized computers that serve one purpose; mine bitcoin.

Hashes are strings of numbers and letters used to encrypt data.

Cheap electricity is the most important variable for Bitcoin miners to be aware of.

Bitcoin users can trust that the network’s transaction record is valid because only values that miners have expended energy can make it to the blockchain.

Yes, Bitcoin’s supply is capped at 21 million, but halvings and block rewards push this number slightly lower.

The more hashing power an individual miner controls, the better odds they have of solving each block and claiming its reward.

At its most basic elements, mining is a race to reveal encrypted data.

Any computer that runs the Bitcoin software and participates in securing the network is called a node.

Bitcoin is a user-controlled money network for the internet age.