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Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).These issues could result in the machines overheating and in some cases, completely breaking down.The firm’s mining operations team warned
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Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three issues” with two different Antminer S19
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Compass Mining recently sustained a lawsuit by customers who claim the company lost their crypto mining machines in a deal with Bit River.Compass Mining is currently facing a lawsuit for losing Bitcoin (BTC) mining machines procured by customers. According to reports, the aggrieved Bitcoin mining machine owners are suing Compass Mining for more
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Compass sued Dynamics last June for its failure to provide services and for withholding clients' machines. The broker had lent Dynamics $1 million to build two bitcoin mining sites, on top of paying $650,000 in hosting fees and deposits. Dynamics claimed that Compass failed to pay $861,000 in hosting and
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The plan is initially available to customers hosted in Texas, South Carolina, Nebraska and Oklahoma. Source
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Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations. Source
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Compass will host about 9,000 Antminer S19 XP and S19j Pro units at the facility on behalf of its clients starting in the fourth quarter of this year, according to a statement. Aspen Creek’s Texas facility has a total of 30MW worth of mining capacity, making Compass the largest hosting
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Analyst Chase White said in a note to clients that IREN has potential to boost its contracted hash rate – and thus increase its bitcoin production – if the company can secure additional compute power at low cost, as it did with Bitmain in August. Source
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One way that Compass did that was to sell bundles of rigs, averaging a predetermined amount of hashing power, which would be gradually going online over several months. The bundles cost anywhere from around $48,000 to $65,000 just for the machines, including $26,000 to $34,000 in upfront costs, according to
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Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.The announcement on July 21 comes only a two weeks after the company retrenched 15% of
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