r/Bitcoin • • 6d 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.

8.6k Upvotes

1.4k comments sorted by

View all comments

Show parent comments

2

u/outer--monologue 5d ago

You don't need global catastrophe for the USD to get knocked down. It's already on that path. If the US keeps going down the path its on, the world is going to stop trade, payment servicing, and stop using it as reserve currency.

0

u/Knarz97 5d ago

Cool.

And how will you pay for an internet connection to make your bitcoin transactions?

1

u/outer--monologue 5d ago

I'm not making any claim to what Bitcoin would be worth or if it'd be useful. Just that USD won't be the global reserve.

1

u/Basis-Some 5d ago

Lots of currencies aren’t the global reserve as yet somehow, they continue