a trusted global leader in Bitcoin mining media
HASHR8 Inc., a trusted global leader in Bitcoin mining media, announced today its launch of Compass, an intuitive platform that matches bitcoin miners with verified hosting facilities around the world.
Compass
is designed to empower everyone to mine bitcoin profitably. The
platform enables miners to secure competitive hosting agreements with
the lowest-cost mining facilities worldwide, automating the process and
eliminating broker fees.
Bitcoin mining has historically
presented steep competition and high barriers to entry. Those willing to
brave these conditions face the cumbersome process of sourcing their
hardware from a credible distributor, selecting an ideal hosting
facility, and negotiating a favorable electricity rate. The whole
process can be overwhelming, and it presents considerable counterparty
risk.
"Bitcoin mining is a global game now, and Compass
gives everyone the best opportunity to compete. Whether a miner wants to
move from China to a facility with a better power rate or a fund wants
to deploy their first 100 mining machines, Compass makes it easy.", said
Thomas Heller, COO of HASHR8.
Compass removes all
barriers to hosting and provides an excellent user experience. Miners
can now purchase hardware and seamlessly secure space in the world's
best facilities at competitive rates, and start profitably mining
bitcoin much faster.
Compass will make it feasible for small-scale miners to compete in the bitcoin mining industry once again. As a firm, HASHR8 closely resonates with the ideologies underpinning Bitcoin. Hashrate becoming overly concentrated among a minority of players is a common concern. Compass facilitates the broader distribution of hashrate among the proprietors of the Bitcoin network.
"Decentralization
for Bitcoin comes through the democratization of mining. Irrespective
of nations, most hashrate is controlled by a few dozen miners," said
Whit Gibbs, CEO of HASHR8. "We are excited to give everyone the ability
to mine bitcoin profitably and truly decentralize the network."
Compass
currently has significant hosting capacity available from the best data
centers worldwide. Facilities have been listed from North America,
China, Kazakhstan, and Iceland. Upon launch, Compass users will be able
to purchase hosting agreements, hardware, or a combination of both. In
the near future, Compass intends to launch more products and features to
empower miners.
Start mining bitcoin today at minewithcompass.com.
About HASHR8
HASHR8
is a modern mining company focused on democratizing bitcoin mining
while providing actionable insights through research and media. Founded
in 2019, HASHR8 gained credibility through their trustworthy content and
candid interviews with the leading professionals in the industry,
leading Forbes to name them one of the Top 10 Cryptocurrency Podcasts of 2020.
Their core product, Compass, will empower bitcoin miners to buy and host hardware with ease. Compass opens bitcoin mining to funds, institutions, hobbyists, hodlers, and believers. For the first time in a long time, everyone can mine bitcoin with low-cost power at the best facilities in the world.
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