Educational What is a mempool? Nodes keep unconfirmed transactions in a memory pool before checking their validity.
Educational What is Curtailment? 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.
Educational What is the Bitcoin Halving? 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.
Educational What happens to my miner when it's relocated? 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.
Educational How Does Compass Mining Charge For Hosting? Compass Mining charges one hosting fee per month per miner, to cover things like security, customer service and energy pull of the miner.
Educational How Does Compass Mining Handle Repairs? 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.
Educational How to Start Mining with Compass! 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.
Educational Why does bitcoin mining use energy? Bitcoin mining uses energy to process and finalize transactions onto the blockchain from around the globe.
Educational How much does it cost to mine bitcoin? Cheap electricity is the most important variable for Bitcoin miners to be aware of.
Educational What is Proof-of-Work? 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.
Educational When will all bitcoins be mined? Yes, Bitcoin’s supply is capped at 21 million, but halvings and block rewards push this number slightly lower.
Educational How many bitcoin can I mine? The more hashing power an individual miner controls, the better odds they have of solving each block and claiming its reward.
Educational What is bitcoin mining? At its most basic elements, mining is a race to reveal encrypted data.
Educational What is a Bitcoin Node? Any computer that runs the Bitcoin software and participates in securing the network is called a node.
Educational How Bitcoin mining hosting works Institutional and retail Bitcoin miners increasingly use hosted services for hashrate exposure.
Educational Here’s how to join a mining pool. Knowing how to join a mining pool is an important initial step in the process of starting to mine bitcoin or other cryptocurrencies.
Educational The Basics of Mining Bitcoin at Home Get started with the basics of how to mine bitcoin at home with this overview of the at-home mining setup process.
Educational 7 tips for spotting and avoiding Bitcoin mining scams. Scammers are everywhere. Use this checklist as a guide to stay safe while mining with Compass and avoid being scammed.
Educational What is hash price? Hashprice (or "hash price") is a market value assigned to hashing power measured by $/TH/S/Day.
Educational What are "clean" blocks? "Clean" blocks are a self-imposed compliance practice preferred by some Bitcoin miners.
Educational What is an out-of-band payment? An out-of-band payment refers to any payment to a miner not made on-chain as a transaction fee.