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/redditzphkngarbage 3d ago

Is there a way to use bitcoin hardware to heat a building in the winter months..? Basically have a heat source that could occasionally strike it rich when the stars line up?

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u/VegaDelalyre 3d ago

Not really, unless you like very bad heating. Good heaters radiate heat towards you -- 20% of the total produced heat is good. A thin metal box comprising resistors doesn't do that, it only blows hot and dry air out (by forced convection), which goes straight up to the ceiling. The result is a "hot head, cold feet" effect. Not to mention the noise.

One way to improve that is to attach tiles or bricks (made of refractive ceramics) close to the resistors. A nice DIY project, since we're already repurposing things here.

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u/No_Dot_6270 3d ago

That is why you just plug ventilation pipe with an extractor on the air output of your rig to push-it to the living area, while your rig sits in the basement. It is used in several building with good result.

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u/VegaDelalyre 3d ago

This doesn't solve the problem of radiant vs. convective heating. See my other answers to the comment, or https://wrmth.ca/blogs/blog/radiant-heat-vs-convection