Compass Mining

It’s that time of year — and Bitcoin miners need to plan ahead. In this episode, Compass Mining breaks down the most important Bitcoin mining tax strategies for 2025:• How the IRS treats Bitcoin mining income• Section 179 and bonus depreciation explained• Selling and upgrading miners without tax surprises• Deducting hosting, repairs, shipping, and insurance• Off-grid energy setups and renewable en...

Block Inc. (Jack Dorsey’s team) has unveiled Proto Rig, a Bitcoin mining system designed by engineers with backgrounds at Apple, Tesla, and Google. With a 3nm custom ASIC, modular design, and open-source fleet software, Proto is pitched as a complete rethink of Bitcoin mining hardware. In this episode of the Compass Mining Podcast, we’re joined by Tatum Cave, Compass Mining’s large-scale project l...

On this episode of the Compass Mining Podcast, we’re joined by Nick Ward, CPA, Co-Founder of The Network Firm, to break down the hidden but powerful impact of the One Big Beautiful Bill Act on the Bitcoin mining industry. While the bill doesn’t mention Bitcoin directly, it introduces major tax code changes that miners need to understand, most notably, the return of 100% bonus depreciation.  This t...

In this episode, Curtis Harris sits down with Austin Mitchell from Synota Energy and Nicholas Selby from Renewvia Energy to explore how Bitcoin mining is powering renewable energy access in Africa. They dive into the concept of impact mining using hash rate donations to fund electrification in underserved communities. From education to economic growth, this episode highlights the real-world impact...

In this episode of the Compass Mining Podcast, Jarrett speaks with Nicolas Drouin from Constellation Heating about the innovative intersection of Bitcoin mining and heat reuse. They explore Nicolas's journey into crypto and then Bitcoin, the challenges of heat management in mining operations, and the economic incentives for using Bitcoin miners to heat pools. The conversation also delves into...

In this episode of the Compass Mining Podcast, Jarrett hosts Marko Tarman from NiceHash and Kris Bakker from Compass Mining to discuss the launch and announcement of a new mining pool partnership between Compass Mining and NiceHash respectively. The conversation covers the benefits of this collaboration for customers, the unique aspects of NiceHash's marketplace, and how both companies aim to...

In this episode of the Compass Mining Podcast, Brad James joins Jarrett Carpenter to explore Denver’s rise as a growing hub for Bitcoin mining and the vital role of physical spaces in building strong Bitcoin communities. They spotlight the Denver Space, a local, new Bitcoin Citadel that hosts Bitcoin related events like our monthly Technical Bitcoin Mining Operations Meetup! The discussion undersc...

In this episode of the Compass Mining Podcast, host Jarrett Carpenter sits down with Tobias Barber, also known as The Coin Dad, and the team behind the Bitcoin Mining Museum. They dive into the museum’s origin story, their passion for Bitcoin mining, and the mission to preserve the history of mining technology. The conversation covers the evolution of home mining, the significance of rare and vint...

In this episode of the Compass Mining Podcast, Jarrett Carpenter sits down with Cindy Feng, Co-Founder of BitcoinMiningStock.io and they dive into Cindy’s journey in the Bitcoin mining industry and explore the biggest communication challenges public mining companies face when trying to reach investors. Cindy breaks down how her platform is building innovative tools to connect mining companies with...

In this episode of the Compass Mining Podcast, Toine, from 256 Heat, joins Jarrett Carpenter to discuss the intersection of Bitcoin mining and residential heating. Toine shares insights into the unique advantages of mining in Ontario, the inception of 256 Heat, and the innovative products he's designed to repurpose mining heat for home heating. The conversation also explores the challenges and...

In this episode, host Jarrett Carpenter sits down with Hunter Beast to explore the growing impact of quantum computing on Bitcoin’s security. They break down the risks posed by quantum advancements, the urgency of preparing for Q-Day—a potential scenario where quantum computers could crack Bitcoin’s cryptographic defenses—and the critical role of post-quantum cryptography. Hunter shares insights o...

In this episode of the Compass Mining Podcast, Nico Smid joins Jarrett Carpenter to break down the economics of Bitcoin mining, focusing on hash cost, hash price, and profitability strategies. They examine how Bitcoin price volatility and operational expenses shape the mining landscape. Nico shares insights on how miners can stay profitable amidst market shifts and economic downturns. The discussi...

In this episode of the Compass Mining Podcast, Tatum Cave joins Jarrett to share the 3 things you should know about curtailment including its definition, the impact of weather conditions, operational challenges faced during curtailment, and the unique role Bitcoin miners play in energy management. They highlight how curtailment can occur during extreme hot and cold weather, the flexibility of Bitc...

In this episode of the Compass Mining Podcast, Tyler Stevens joins Jarrett Carpenter to discuss the recent Undermined 2025 Heat Punk Summit at the Space Denver. Reflecting on key takeaways, technical insights, cultural observations, and the importance of networking within the Bitcoin mining community, they delve into the challenges and innovations in Bitcoin mining, particularly in relation to hea...

On this week's 'The Check In', Karoon Mackenchery joins Jarrett Carpenter to introduce Compass Mining's newly launched payment plans product that are designed to make Bitcoin mining more financially accessible. These plans allow customers to purchase mining hardware through monthly installments, lowering the upfront cost of entry. The discussion covers how the payment plans are structured, the ben...

In this episode, Adam Budd joins Jarrett Carpenter to discuss the current state of Bitcoin mining, emphasizing the importance of getting hash rate online as soon as possible. They explore the competitive pricing of mining equipment, the implications of increasing hash rates, and the potential for supply shocks in the market. Additionally, they provide insights into financial strategies for miners,...

In this episode, Brad James joins host Jarrett Carpenter to dive deep into the strategies and challenges of succeeding in Bitcoin mining. The conversation explores the evolution of the mining industry and emphasizes the critical importance of building a strong foundation—both in business fundamentals and technical knowledge. Brad shares insights on avoiding common mistakes made by novice miners, n...

In this episode of the Compass Mining Podcast, Jarrett Carpenter sits down with Alexander Gamez, a Warehouse Tech at Compass Mining, to explore his journey to Bitcoin mining. Alexander shares his experience mastering ASIC diagnostics, the ins and outs of test bench operations, and the challenges of transitioning into a rapidly evolving industry. He discusses the importance of curiosity, continuous...

Heather Pierce, from our Manager Services Team, joins Jarrett Carpenter on the podcast to share info on a recent and successful stranded energy project in Ohio. Learn more about our Manage Services - https://compassmining.io/accelerated Connect with Heather on LinkedIn - https://www.linkedin.com/in/heathervpierce330/ Compass Mining is a Bitcoin-first company dedicated to democratizing the mining p...

In this episode of the Compass Mining Podcast, Bryce McNallie and Anthony Power join Jarrett Carpenter to delve into the current state of Bitcoin and the crypto markets, examining recent executive orders and their impact on the industry. The conversation explores Bitcoin mining dynamics, including the concentration of ownership among public companies, the challenges of energy costs, and market per...

On this episode, Tyler Stevens joins Jarrett Carpenter to discuss his upcoming book, 'Bitcoin Mining Heat Reuse', and the untapped potential of utilizing heat in the Bitcoin mining ecosystem. He shares his journey from mechanical engineering to Bitcoin mining and delves into the vast market opportunities for heat reuse, the potential for hash rate growth, and the integration of Bitcoin mining with...

Tatum Cave joins The Check In to talk about the two most common pay-out structures in Bitcoin Mining with Jarrett Carpenter. Watch on YouTube - https://youtu.be/ns2PuQUNWV8 Tatum on X - https://x.com/tatumturnup Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.  ABOUT COMPASS MININ...

In this episode, Cameron Morrissey joins Jarrett to discuss the vital role of resilience and culture in Bitcoin mining as the industry heads into 2025. They share how Compass Mining is gearing up for the anticipated bull run, addressing both the challenges and opportunities on the horizon. The conversation highlights Bitcoin mining's potential to support energy infrastructure and drive economic gr...

In this episode of the Compass Mining Podcast, Nico Smid joins Jarrett to dive into the key developments that shaped Bitcoin mining in 2024. They explore critical topics like the Bitcoin halving, network hashrate growth, geographical shifts, and the economics of mining, shedding light on the challenges and opportunities facing the industry. Nico Smid provides insights into post-halving hash price...

On 'The Check In' this week, Karoon Mackenchery joins Jarrett to discuss the evolution of insurance in the Bitcoin mining industry including the risks, the types of insurances offered, and finally some important considerations and tips when putting together your insurance strategy. To reach out to Karoon for more insurance tips and alpha, please email him at karoon@compassmining.io or via LinkedIn...