Compass Mining and mining consultancy Navier are launching a new tool, HashTest. This tool allows buyers and sellers to verify the advertised hashrate of their specialized bitcoin mining machine.
Compass mining, the world’s first online marketplace for Bitcoin mining hardware and hosting, and North American digital currency mining expert Navier announce the launch of HashTest.
Mostly a third-party verification tool, HashTest will answer some common questions for buyers and sellers. How does something actually work versus what it advertised?
Hashrate is also highly useful for customers who want to buy/sell used hardware, obtain insurance for their ASICs. It ensures that their pool(s) are properly compensating them for their hashrate contribution.
“HashTest is a tool we have created for everyone to identify independent and unbiased information regarding an ASIC,” said Compass Mining CTO Paul Gosker. “HashTest will allow sellers to demonstrate the performance of an ASIC to a buyer.”
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Josh Metnick, CEO Navier “HashTest is the first globally available independent hashrate testing service,”. He also added “We are not a manufacturer, we are not a miner, we are not a pool, and we do not make firmware. Our only goal is to provide the most accurate and unbiased hashrate measurement. We believe these datasets will empower both small and large miners to make more informed decisions.”
