Contents:
- What is the Compass Mining Marketplace?
- How can I access the Compass Mining Marketplace?
- Who can list a miner for sale on the Marketplace?
- How do I list my miners for sale?
- How do I check the status of my miner listing?
- Why is my listing in ‘pending’ status?
- Can I change the listing price of my miners?
- How do I delist my miners?
- What is a good price to sell my hardware at?
- How do I interpret the Price Range guide?
- How often can I change the Price of my listing?
- How long does it take to transfer ownership of a miner after it is sold?
- How will I receive funds after my miner is sold?
- Can I list an offline miner?
What is the Compass Mining Marketplace?
The Compass Mining Marketplace is a section of our hardware page for buying and selling pre-owned mining equipment. It empowers users to list their hardware and connect with buyers, making the process simple and efficient.
How can I access the Compass Mining Marketplace?
As a Buyer, you can access the Marketplace directly from the Compass Mining Hardware page.
As a Seller, you can list your miner for sale from the Sell Miners page on your customer dashboard.
Who can list a miner for sale on the Marketplace?
Anyone who has hosted miners with Compass Mining can list their miners for sale on the Marketplace after completing identity verification (KYC).
How can I complete identity verification for selling my miners?
Customers can click “Verify Your Identity” on the Sell Miners page in their customer dashboard or use this link and start the process with our identity verification partner, ID Pal.
How do I list my miners for sale?
Once verified, you can list your miners from your customer dashboard. You will see a Sell Miners option on the left-hand side of your dashboard.
How do I check the status of my miner listing?
Once you list your miner for sale, you can check its status by visiting the Sell Miners page. The table will display the status for each of your listings.
Why is my listing in ‘pending’ status?
Once you submit your listing, it is reviewed to ensure miner health. During this process, the listing will remain in pending status. This can take 3-5 business days. After your listing has been reviewed, the miner will be listed on our hardware page under the Marketplace section.
Can I change the listing price of my miners?
Yes, once you have listed a miner for sale, you can change the price by clicking Actions in the top-right corner, then selecting Edit Listing on the Miners page or Sell Miners.
How do I delist my miners?
You can delist a single or multiple miners at once by clicking Actions in the top right-hand corner and selecting Delist from Marketplace from the Miners page or the Sell Miners page on the customer dashboard.
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What is a good price to sell my hardware at?
When creating a new listing, use the Price Range guide or select the view listing button to see the prices of other listings on the platform for your model. You can also view Marketplace insights on the Sell Miners page to see the price of recent sales for your model.
How do I interpret the Price Range guide?
The Price Range guide for a particular model shows three reference points on the horizontal axis:
- Min — the lowest listing price.
- Median — the price of the middle-most listing.
- Max — the highest listing price.
How often can I change the Price of my listing?
You can change the price of your Marketplace listing once a day. The change will go into effect immediately, but will be available for update only once every 24 hours.
How long does it take to transfer ownership of a miner after it is sold?
Ownership of the miner is typically transferred within a week after the purchase.
How will I receive funds after my miner is sold?
Once your miner is sold, the funds are added to your USD balance on the dashboard. You can withdraw the funds to your bank account at any time after they have been added to your USD balance.
Can I list an offline miner?
Miners must be online and operating within the model's optimum hash range per the manufacturer's specification to be approved for resale.