Your fees for mining with Compass can be broken down into 4 categories:
Mining Pool fees
Price of the machine: This covers the overseas shipping, transport to the facility, and setup of the machine.
Upfront Deposit: The security deposit is worth 1-month hosting for your miner and will be returned at the end of your hosting contract's initial term if you decide not to renew. The security deposit is utilized if your account accumulates overdue/unpaid hosting invoice(s).
Invoice for hosting (monthly): The hosting fee covers the electricity fee, facility security, customer service, and monitoring. The hosting prepayment fee will cover your first 2 months of hosting.
How are hosting fees calculated?
Repair costs: If there is an issue with your miner, Compass will help you get your miners to a repair center as soon as possible. If your machine is in warranty, the manufacturer will cover the cost of the repair. However, you will need to cover the cost of the shipping to and from the repair center.
If your machine is out of warranty you will have to cover the cost of repair as well as the cost of shipping to and from the repair center. (The cost for repairs may vary depending on the issue your machine is facing. Our team will provide clarity on your miner through email)
What Insurance does my miner have?
Mining Pool fees
You may also want to consider your mining pool fees. This is standard for anyone who mines bitcoin. You are able to choose the mining pool of your choice, please check with your selected mining pool regarding the related pool fees.
Top Bitcoin mining pools grouped by payout structure.