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Compass Mining - Director of Operations (Facility Ops), Cameron Morrissey Q&A - Operations & Staffing!
Manage episode 479810159 series 3570269
Cameron Morrissey, Director of Operations at Compass Mining, shares insights on managing Bitcoin mining facilities across the US, focusing on how the company achieves 99% uptime through careful infrastructure planning, weather monitoring, and strategic vertical integration.
• Class of 2020 vintage in Bitcoin after initially investing in gold as an inflation hedge
• Moved from training specialist to director of operations at Compass Mining
• Vertically integrated sites offer more control than third-party hosting arrangements
• Weather conditions dramatically impact operations from snowstorms to sandstorms
• Network quality serves as a key indicator when evaluating potential mining sites
• Compass aims for 98-99% uptime versus the 85-92% some operators consider acceptable
• Curtailment contracts are built into hosting prices, providing lower overall power costs
• Former FedEx driver became one of their best technicians after showing curiosity
• Hydro cooling technology emerging as more promising than immersion cooling
• Iowa 4 greenfield site represents Compass Mining's push toward vertical integration
If you're interested in mining, visit our website to see what our sites are doing, utilization percentages, uptime, and more. We're always upfront about what's happening and focused on helping educate miners.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Chapters
1. Introduction to Cameron Morrissey (00:00:00)
2. Cameron's Bitcoin Journey & Role (00:03:11)
3. Comparing Different Mining Facilities (00:06:11)
4. Weather Impact on Mining Operations (00:11:47)
5. Operational Challenges in Bitcoin Mining (00:15:05)
6. Site Selection and Red Flags (00:19:50)
7. Curtailment Strategy and Profitability (00:24:46)
8. Staffing and Training for New Sites (00:28:30)
9. Future Plans for Compass Mining (00:34:06)
286 episodes
Manage episode 479810159 series 3570269
Cameron Morrissey, Director of Operations at Compass Mining, shares insights on managing Bitcoin mining facilities across the US, focusing on how the company achieves 99% uptime through careful infrastructure planning, weather monitoring, and strategic vertical integration.
• Class of 2020 vintage in Bitcoin after initially investing in gold as an inflation hedge
• Moved from training specialist to director of operations at Compass Mining
• Vertically integrated sites offer more control than third-party hosting arrangements
• Weather conditions dramatically impact operations from snowstorms to sandstorms
• Network quality serves as a key indicator when evaluating potential mining sites
• Compass aims for 98-99% uptime versus the 85-92% some operators consider acceptable
• Curtailment contracts are built into hosting prices, providing lower overall power costs
• Former FedEx driver became one of their best technicians after showing curiosity
• Hydro cooling technology emerging as more promising than immersion cooling
• Iowa 4 greenfield site represents Compass Mining's push toward vertical integration
If you're interested in mining, visit our website to see what our sites are doing, utilization percentages, uptime, and more. We're always upfront about what's happening and focused on helping educate miners.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
Chapters
1. Introduction to Cameron Morrissey (00:00:00)
2. Cameron's Bitcoin Journey & Role (00:03:11)
3. Comparing Different Mining Facilities (00:06:11)
4. Weather Impact on Mining Operations (00:11:47)
5. Operational Challenges in Bitcoin Mining (00:15:05)
6. Site Selection and Red Flags (00:19:50)
7. Curtailment Strategy and Profitability (00:24:46)
8. Staffing and Training for New Sites (00:28:30)
9. Future Plans for Compass Mining (00:34:06)
286 episodes
All episodes
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