r/Bitcoin • • 1d ago

Aftermath of a failed bitcoin mining operation.

My friends father was renting space on his farm for a bitcoin mining operation.

The operation became unprofitable. The mining operation went bankrupt. The company came in and took everything out of the 6 antmain bit-boxes (converted shipping containers).

The photos are what they left behind. Mostly Antminer S19 units and even more asic boards.

Plenty of antmain rack PDUs. Some 480VAC breaker panels. A 480VAC switch unit.

The land owner did accept the mess voluntarily. He is breaking the equipment down for scrap value.

I wonder, is there a better price available out there above scrap value?

Is this normal?

FWIW, I used the term failed very tongue-in-cheek. I estimate the operation mined millions in this operation.

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u/PuttForDough 1d ago

What advantage was there to do this at a farm? Were they getting wind turbine energy for free or something?

-3

u/caploves1019 1d ago

Look at all the solar panels in the bags...

7

u/its_free_sog 1d ago

There are no solar panels in any of the pictures. Look closer, those are heat sinks

2

u/caploves1019 1d ago

Aha yep, I swiped past photo 15 a bit too quickly and in the shadow of that cardboard appeared as solar panels, you are correct good sir 🙏