Resources & FAQs

The cryptocurrency market is projected to grow ten-fold by 2025. This decentralized form of money does not require a processor like a bank or credit card company (and their fees), offering major benefits over fiat currency or credit systems. Values may fluctuate, but they have continued to generate excellent value returns.

Because the cryptocurrency system is a “peer-to-peer” transaction, there is no middle institution involved, like a bank or credit card company, which means no third-party fees. You’re also assured of privacy since there is no way for the seller and purchaser to identify one another. And you aren’t charged any account fee just for keeping your currency in your digital ledger.

Our facilities are built specifically for cryptocurrency mining and can handle virtually any coin. Initially, we see the potential for the following: Bitcoin, Litecoin, Zcash, Ethereum, Dash, and Monero (XMR). However, we are constantly evaluating other coins, and you can mine virtually any cryptocurrency with us.

Colocation is by far the most cost-competitive way to mine cryptocurrency. The increasing complexity of mining operations requires far too much power for at-home mining to be effective. Cloud mining requires high upfront costs that may never be returned. Colocation gives you the best opportunity to enter the market and scale your operations quickly and profitably.

Compute North provides you with a digital ledger, which can reside with your smartphone, tablet or computer. Any results are directly deposited into your ledger. More and more retailers are accepting cryptocurrency, and making a purchase is as a simple as an online payment, as you would with a credit card, but without any fees involved. There are also online transaction centers where you can cash cryptocurrencies in for U.S. currency.

Compute North partners with the most well-known brands including Bitmain, AvalonMiner, DragonMint, PandaMiner, Innosilicon, GPU rigs, and more. Our facilities are built with the power and resources to handle almost any mining equipment.

Crypto mining computers require significant energy. Compute North has established facilities where energy costs are low. We also partner with renewable energy companies to conserve energy and lower costs. Our data centers are in geographic locations where the innovative use of ambient cooling technologies further reduce costs for our mining operations.

Compute North is headquartered in Minneapolis, MN, and owns colocation facilities in strategic locations around the U.S. and other parts of the world. For security purposes, we don’t publicly reveal the locations of our facilities.

Our cryptocurrency mining colocation services start at just 10 cents per kilowatt hour. We can give you an exact quote based on the types and quantity of equipment you plan to colocate with us.

Proof of work is a protocol with the main objective of deterring cyber-attacks. In order for a miner to have a block accepted by the network, it must complete a proof-of-work.

Cryptocurrency is legal in the U.S., though other countries like Russia and Argentina have restrictions on foreign currencies. The United States Treasury Department has issued non-binding guidance on how it perceives certain cryptocurrency activities. FinCEN (Financial Crimes Enforcement Network) does not consider cryptocurrency “money transmitters,” as it relates to money laundering and terrorist financing.

Different jurisdictions have different regulations regarding payrolls, income, sales, capital gains and other aspects involving cryptocurrency. Investors are responsible for reporting and dealing with taxes in their local jurisdiction.

Yes. Compute North offers the ability to pay monthly invoices with crypto through BitPay. With the blockchain payment service, we do not collect or store any sensitive customer information. Simply visit www.computenorth.com/pay-crypto to start the process using your preferred cryptocurrency (like Bitcoin, Ether, or Ripple). Be sure to have your invoice handy so you can reference the invoice number when you submit.