Compass Mining, the bitcoin mining service provider, has launched a secondary resale market for retail mining customers to sell their bitcoin mining hardware.
- “When Compass Mining started, we knew we wanted miners to have control over the entire process and Compass Marketplace gives our users the autonomy to resell bitcoin mining equipment when they want, and for how much they want,” Compass CEO Whit Gibbs said in a statement on Tuesday.
- Gibbs told CoinDesk hundreds of millions of dollars in ASICs are being sold on the secondary market every month, indicating high demand for mining computers.
- The marketplace is currently online for all existing Compass customers, and the company is also bringing in verified resellers, Gibbs said in the email.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.