Compass Mining vs Simple Mining (2026)
Last updated: July 2026 · Rated by our published methodology
Short answer: For beginners, Simple Mining is the easier start — 0-month minimum term, setup fee: None (30-day hosting deposit), Trustpilot 4.7/5. For 1–5 miners, Compass Mining wins on cost: at $0.08/kWh an Antminer S21 costs about $204.56/month in power versus $204.56 at Simple Mining ($0.08/kWh) — roughly $0.00 saved per unit every month. For 10+ miners, Simple Mining is the safer bet: operating since 2021 (5 years), facilities in USA (Iowa, 9 sites, >125 MW), track-record score 7.5/10 versus 5/10 for Compass Mining. Overall scores: Compass Mining 5.7/10, Simple Mining 7.7/10. Full data below.
Compass Mining vs Simple Mining: the full data
| Compass Mining | Simple Mining | |
|---|---|---|
| Price (all-in) | $0.08/kWh | $0.08/kWh |
| Setup fee | Per facility listing | None (30-day hosting deposit) |
| Minimum term | 0 months | 0 months |
| Facilities | USA, Canada (partner facilities) | USA (Iowa, 9 sites, >125 MW) |
| Operating since | 2020 (6 years) | 2021 (5 years) |
| Trustpilot | 3.3/5 (789) | 4.7/5 (28) |
| Known incidents | 2022: lost machines in Russia (sanctions); CEO resignation; lawsuits with hosting partners; 2023 customer lawsuit over unreturned miners | None major; local debates about power expansion in Iowa |
| Payout | Rewards to own account, hardware resellable | Own pool, direct to own wallet |
| Total score | 5.7/10 | 7.7/10 |
Full datasheets: Compass Mining review · Simple Mining review · all providers in the hosting comparison 2026.
Which provider is cheaper?
Compass Mining, at $0.08/kWh all-in versus $0.08/kWh at Simple Mining. On an Antminer S21 that gap is worth about $0.00 per month per unit — $0.00 over a year. Setup fees add to the picture: Compass Mining charges "Per facility listing", Simple Mining charges "None (30-day hosting deposit)".
Who has the better track record?
Simple Mining scores 7.5/10 on track record versus 5/10 for Compass Mining. Simple Mining has operated since 2021 (5 years) from Cedar Falls, Iowa, USA, while Compass Mining started in 2020. Facility footprint: Simple Mining runs sites in USA (Iowa, 9 sites, >125 MW); Compass Mining in USA, Canada (partner facilities).
Which provider is easier to start with?
Simple Mining. Its minimum term is 0 months — the same as its rival, so setup fee and support decide, the setup fee is "None (30-day hosting deposit)", and its support score is 8.5/10. Payout model matters for first-timers too: Compass Mining pays "Rewards to own account, hardware resellable", Simple Mining pays "Own pool, direct to own wallet".
Who has better customer ratings?
On Trustpilot, Simple Mining rates 4.7/5 across 28 reviews against 3.3/5 for Compass Mining. Transparency scores: Compass Mining 6.5/10, Simple Mining 9/10. We deliberately don't rank providers by self-stated uptime — those claims aren't independently verifiable; verified payout history and review patterns matter more.
Cost example: Antminer S21 (200 TH/s, 3,500 W)
Monthly power cost = 3.5 kW × 24 h × 30.44 days × price/kWh, assuming 100% runtime:
| Provider | Rate | Monthly power cost (1× S21) | Yearly power cost |
|---|---|---|---|
| Compass Mining | $0.08/kWh | $204.56 | $2454.68 |
| Simple Mining | $0.08/kWh | $204.56 | $2454.68 |
| Difference | $0.00/month | $0.00/year |
Run your own numbers in the mining profitability calculator.
Frequently asked questions
Which is cheaper for one Antminer S21 — Compass Mining or Simple Mining?
Compass Mining is cheaper. At $0.08/kWh an Antminer S21 (3,500 W) costs about $204.56 per month in power, versus $204.56 at Simple Mining ($0.08/kWh) — a difference of roughly $0.00 per unit per month.
Which provider has the shorter minimum contract?
Neither — both require a 0-month minimum term. Setup fees differ though: Compass Mining charges "Per facility listing", Simple Mining charges "None (30-day hosting deposit)".
Who has been operating longer, Compass Mining or Simple Mining?
Compass Mining — founded in 2020 (6 years of operation), while Simple Mining started in 2021.
Do Compass Mining and Simple Mining pay out to my own wallet?
Compass Mining: Rewards to own account, hardware resellable. Simple Mining: Own pool, direct to own wallet. We generally rate direct-to-wallet payouts as the lower-risk option because you hold the keys from day one.
How are the 5.7/10 and 7.7/10 scores calculated?
Weighted formula: price 30%, track record 30%, transparency 20%, support 20%. Compass Mining scores 5.7/10, Simple Mining scores 7.7/10. The full methodology is published at cryptominehq.com/methodology/.
Verdict: which one should you pick?
There is no blanket winner — the right choice depends on your setup:
Beginners
Simple Mining — 0-month minimum term, setup fee: None (30-day hosting deposit), Trustpilot 4.7/5.
1–5 miners
Compass Mining — $0.08/kWh saves about $0.00 per S21 per month over Simple Mining.
10+ miners
Simple Mining — since 2021, track record 7.5/10, facilities in USA (Iowa, 9 sites, >125 MW).
Deep dives: Compass Mining review 2026 · Simple Mining review 2026 · all hosting providers compared · how we rate.
Affiliate disclosure: Some outbound provider links may be affiliate links. They never influence scores — every provider is rated by the same published methodology.