Global Feed Post Login
Replying to Avatar Marius

I invested approximately one BTC back in November 2021 for a mining rig (S19XPs) to be ordered, installed, and managed by compassmining.io. Starting in August 2022, one miner was scheduled to come online monthly. In addition, I purchased some miners at the end of 2022 on the secondary market. All in all, I „own“ (aka „pay for“) twelve miners: nine S19xp and three S19j, totaling around 1.5 TH/s on paper. On average, over the last six months, I had less than half of that hash power online, with the rest in repair (the S19XP seems to be a delicate device) or subjected to power curtailments. I would be interested to hear other miners’ experience as to whether this level of uptime is the industry standard or whether it is specific to compassmining. Anyways, hosted mining is all trust without any possibility to verify what is happening - quite the opposite of Bitcoin itself. In the next round, I tend to invest in a local setup where I can walk up to the miners and check what is going on.

Avatar
bitcoinaz 2y ago

👀

nostr:nevent1qqsw83rhv9aqr90yz4cyq0aw6djng4reyetzmw3e7we5rk83ptztqucpp4mhxue69uhkummn9ekx7mqzyq7m0jjz4r5rcp9a2t8gx65crzmwjpfwnca2shfzc2euw903y8uk7qcyqqqqqqgw5fmgu

Reply to this note

Please Login to reply.

Discussion

No replies yet.