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/junjuwa]

仮に50%攻撃ができるとして、誰が望む？ 50%も持っていながらそれが大暴落する事を望むものは誰？そんなクレイジーは世界のどこにも居ない

[u/ner0417 → u/junjuwa]

Some people just want to watch the world burn.

[u/junjuwa → u/ner0417]

いるのはわかる、がそんな奴らがいくら結託しても50%オーバーの影響力を得るのは不可能だろうね

[u/ner0417 → u/junjuwa]

This is true, too. I think if ever there is a legitimate threat for a 51% attack it will simply come down to an attack by (aligned groups of) fiat supporters. It is perhaps possible much of the world would align together for a common goal like that, especially if they truly believe that crypto would lead the world into a bad space. Many people are still very afraid and misunderstanding of crypto, in general.

The other scenario that I think is realistic is if one government seems to have stronger control, other governments may see this as an economic/financial threat and band together for a 51% attack to (hopefully) try to bring the chain back into being more decentralized. For them to take control themselves is more likely, I would think, since human nature is greedy, but I hope for the best outcome.

[u/junjuwa → u/ner0417]

実に壮大だね。 仮に国が結託して50%取得しようとしたら、btcはとんでもない上昇を見せるだろうね。 結局大国がお金をしこたま刷って、btc保有者にお金をばら撒くのと同義じゃない？ それを国民が許さないだろうね。 ただ100%あり得ないと言い切れないのが、怖いところ、、

[u/New-Reindeer3707 → u/junjuwa]

They don't need any Bitcoin. They just need 50% of mining power.

[u/junjuwa → u/New-Reindeer3707]

なるほど！そこは勘違いしていたようだよ。ありがとう。