Bitcoin mining began as a cottage industry with individual miners able to mine Bitcoin on a laptop. Through the years, the technology became more specialized and sophisticated, with large facilities overpowering the industry.
But with the launch of its at-home mining program, Compass Mining is betting that individual bitcoiners may wish to mine bitcoin once again.
Bitcoin miners play a key role in securing the Bitcoin blockchain. They compete for the proper to compile transactions in new blocks and add them to the chain. In return, successful miners are rewarded with newly minted bitcoin (6.25 BTC) along with the fees included with each transaction because block. That is a lucrative payout – if you're lucky enough to locate a block. But the expense of creating and operating a bitcoin mining rig can certainly cut into your profits. And typically the purchase price has been prohibitively high for the average at-home miner.
Compass'new retail program enables individuals to purchase an individual application-specific integrated circuit (ASIC) bitcoin mining rig they can put up at home, as opposed to having to buy them in bulk from the manufacturers. Brands include the WhatsMiner series from MicroBT and the Antminer series from Bitmain, offering 78 to 95 terahashes per second and ranging in price from $8,100 to $10,400.
“Bitmain and MicroBT make top-of-the-line ASIC mining hardware with powerful hashrate and best energy efficiency,” said Thomas Heller, Compass Mining's chief business officer, adding:
Support for at-home bitcoin miners
Just because you are running your own machine, it doesn't mean that you're totally on your own own. All rigs can nevertheless be connected to a mining pool, and therefore any rewards found by your pool is going to be shared with you in proportion to the hashrate you contribute. Joining a swimming can improve your return on investment (ROI).
Profitability calculators, including the one found on Braiins, can help you estimate your potential ROI, once you factor in the expense of the equipment and electricity it takes to operate your rig.
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