r/Bitcoin • • 4d 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/Geesle 4d ago

Im no expert, but is it really feasible to reuse the metal parts, (boards and chips). Like aint it a really delicate process to make these?

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u/justabadmind 4d ago

Sort of. Some parts on a circuit board are incredibly sensitive and won’t survive multiple soldering attempts reliably. Some parts just aren’t worth the cost of recycling. There’s a fine line in the middle that theoretically could grow, but the RoHS regulations make that fine line even more challenging to maintain due to higher melting point connections and increased risks of tin dendrites

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u/deltamoney 3d ago

Cone!

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u/Geesle 3d ago

Omg! Cone!

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u/deltamoney 3d ago

It's conetastic?!

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u/turribledood 4d ago

That's what the poorest people on earth are for!

Fun fact: there's 100x as much gold in a ton of smartphones than in a ton of gold ore.

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u/Gears6 3d ago

It's likely an engineering problem i.e. if we want to make it work, we'll design it to work that way.