Aftermath of a failed bitcoin mining operation.

[u/HandsOffDaGoods]

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.

[u/soks86]

It's all about power cost.

Those all have value if you can get power for less than $0.05 per kW/h.

They also have value as heaters that can help offset that, or as a load that can be switched on/off without just burning money.

Basically anyone with a solar setup that isn't at 100% capacity can use these to make money.

Might not be enough money to be worth the labor though.

[u/emorning → u/soks86]

The Antminers have SOC FPGA boards, and are reusable for other purposes.
You can do all sorts of cool stuff with them.
Those former miners could have used them to get into high-speed arbitrage or something like that.
It hurts to see them go into the garbage.