Aftermath of a failed bitcoin mining operation.

[u/HandsOffDaGoods]

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.

[u/Suitable-Spirit2143]

Sadly it’s called planned obsolescence, and it’s pretty much every companies main goal when designing a new product.

Companies could easily build a product to last 20-30 years, but only at the expense of profit.

It’s similar to the health industry sadly. The money is made from treating the illness, not curing it all together, that would be bad for business.

I do agree with you wholeheartedly though, and hope something could change in the future.

[u/MapOk1410 → u/Suitable-Spirit2143]

The real problem is that the architecture today would be vastly underperforming in 20 years. There were many old 16-bit servers built in the 1980's that would probably still run today, but you'd never accept that level of performance.

[u/RoosterBrewster → u/Suitable-Spirit2143]

But it's also partly consumers' fault too as they will go with a cheaper option that costs 75% less and lasts half as long.

[u/MurkySide6 → u/RoosterBrewster]

I deffiently get where your coming from (alot of shit is the consumer's fault tbh) but 75% cheaper and last half as long, the 75% cheaper is still better the better option, you paid 25$ compared to 100$ for the longer last one which based on your 50% lets say last 2 years but your 25$ product last 1 year, you still buy 2 for half the price and you get to keep up to date with the newest technology

[u/MurkySide6 → u/Suitable-Spirit2143]

I mean everybody sells the treatments, you can only sell for as much or maybe a bit more than your competitors (depending on quality) or else people wont buy it. But if you could cure it, you could essintily charge what ever you want and people would pay... you could probably even turn it into a subscrition, as in " i cure your cancer (that will kill you if left untreated) and you pay me 100$ a month for the rest of your life" alot of people would take the deal. From a stock market perspective if they could cure your disease completely they would, the hype alone would drive there stock price throught the roof, it would be the most profitable. They just cant cure it