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Thursday

22 April 2021

As Bitcoin Mining Revenue Hits All-Time Highs, Access To ASICs Is Key

As Bitcoin Mining Revenue Hits All-Time Highs, Access To ASICs Is Key


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As bitcoin propels its mining industry to new heights, the challenge of obtaining new equipment is critical.

Founded in October 2020, Compass has been able to capitalize on a growing demand for mining services, particularly through access to new ASICs in a very tight mining equipment market.

Echoing the enthusiasm and adding some detail to what is driving this growth in the bitcoin mining industry through an April 4 newsletter, Upstream Data’s Steve Barbour noted how lucrative bitcoin mining has become:.

“..I am a bit surprised at how slow the difficulty and hash rate has been to react to the price, but this is likely due to the significant shortage in the semiconductor industry combined with existing mining hardware failure (hardware breaking).

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