Compass Mining Launches Resale Market for Bitcoin Mining Equipment
Compass Mining is starting an “eBay for ASICs” as the prices for miners rise.
Nov 9, 2021 at 2:00 p.m. UTCUpdated May 11, 2023 at 4:06 p.m. UTC
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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.
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Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets