\>Compass Mining is a hosting provider for Bitcoin (BTC) that provides managed mining services to Bitcoin miners.
ASIC miners can be purchased on the Compass website and placed at a number of different locations.
One such facility is held by Dynamics Mining, which today issued a letter announcing the termination of its “facility hosting agreement in Maine… for failure to pay power consumption charges.”
Approximately half of the alleged $1.2 million in charges had reportedly been settled over the last six months.
They are situated in Maine the state with the highest electricity prices, this is one of just many examples that shows how bad the situation has gotten with now even bog operations unable to pay the bills which was unimaginable just months ago.
Now if you have a smaller number of machines there are ways to cut back on expenses like utilizing efficient mining software like Cgminer, Minosis, Micromine also more efficient hardware can be bought and better cooling equipment but even with all of that of crypto prices fall a little more it is going to be very problematic.
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