Twitter CEO Jack Dorsey is seen as a Bitcoin extremist as the most important project of his life, who has embraced digital mining.
In a tweet on Tuesday he expressed "I am trying to mine with Compass Mining", and in this way I make it clear that he is experiencing a service that hosts, supplies and operates cryptocurrency mining equipment, which will be supplied to individual miners who do not want to dedicate themselves to operate them himself and his focus is to expand the participation of Bitcoin mining, thus investing in an industry dominated by large data centers.
In its web portal the company highlights that it has at its disposal different facilities in places where the cost of electricity is low and in this way they will benefit from low costs, the company also offers packages that include the purchase of equipment, installation, accommodation, very similar to cloud mining service.
Something very important, the deposit of each miner will be returned 12 months after the end of their hosting period, says Compass Mining on its website, additionally it offers other packages in which the client can buy their own mining equipment.
Dorsey has not disclosed how many teams he has in operation and his terse tweet does not shed much data on how his experience is going. However, as the company indicates, from February to July 2022 you will have access to new Antminer S19j Pro 100TH units, one of the most powerful equipment for the extraction of cryptocurrencies.
IT'S A GOOD TIME TO MINING BITCOIN
Gitzes is convinced that it is a good time to mine bitcoin since the hash rate has been reduced, as large mining farms in the Asian country have been shut down, the miners that continue to operate have a greater opportunity to expand their profits.
"In my opinion, it will take some time for the hash rate to return to its current level due to the lack of infrastructure around the world."
Adam Gitzes, Compass Mining Product Manager.
Gitzes not only sees remote mining as a good investment strategy, but also as a way to combat the centralization of mining and strengthen the network, The programmer aims to build a new decentralized protocol in which Twitter runs as a client so that users "have a broader conversation, that anyone has access and anyone can contribute."