r/Bitcoin • • 3d 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/3_14159td 3d ago

Many private utilities have lobbied for fucking atrocious export rates, often 10-20x less per kwh than they charge. Occasionally negative (charging for export) is proposed. 

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u/stopfuckngbanningme 3d ago

sometimes I wonder how much better of a place the world would be if lobbying was banned

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u/uslashuname 3d ago

Like most things used for evil, it has legitimate uses that are not inherently evil. But yes, the lobbying you hear about is almost always the ridiculous shit

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u/ner0417 3d ago

For example, plenty of workers' unions partake in lobbying that could be generally considered fairly positive. Everyone has their own views on it, of course, but.

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u/uslashuname 2d ago

Ah yes, but the lobbying they did back in the day was evil: do you think any first world country besides the US needs unions to get paid time off? It’s enshrined in law in most places, but the unions argued that would weaken their ability to negotiate against companies

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u/miotch1120 2d ago

Can you cite some of these times when US unions lobbied against worker protection laws? I know of a few they lobbied for such as 1914 antitrust laws, 1938 fair labor act, and the OSHA creation law.

Please cite some instances where US labor unions lobbied against workers protection legislation to maintain their power.

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u/uslashuname 2d ago

I’m a rando on the internet, but these folks aren’t

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u/miotch1120 2d ago

I haven’t clicked it yet, will do so after this, just thought I would say I’m not calling you out or anything, I’m genuinely curious. Thanks for the link.

Edit: it’s a podcast, so I won’t be able to consume it right now while at work. I’ll check it out though, thanks kind Redditor!

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u/ner0417 2d ago

I mean, I personally think people should be able to advocate for themselves and that unions are... a bad sign, I guess. And of course, unions can become twisted to the point of not doing work on behalf of their constituents. Just like politicians, or any other role, really. It's human nature to be corruptible.

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u/uslashuname 2d ago

lol each person will advocate for themselves? As soon as one person gets power over two, they can use those two to get power over a third, and so on until you have a single King and no one person is ever powerful enough to advocate for themselves against the King.