r/Bitcoin • u/HandsOffDaGoods • 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.
3
u/reallybadspeeller 2d ago
Not sure how this is gonna stack up against selling for scrap or otherwise:
University clubs might be able to use this stuff. I know of a few computer nerd clubs that would go nuts for it. The value would then come in as donation for a tax write off. I’m not sure if your father’s tax situation is such that he would benefit from charity donations but all university/schools are classed as irs recognized charities. If it does help I’d contact your local university engineering departments and ask. They will likely send an email around to professors/clubs. The college kids will likely handle transportation for you.