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Compass Mining Launches Resale Market for Bitcoin Mining Equipment
Compass Mining is starting an “eBay for ASICs” as the prices for miners rise.
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
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
