They are no longer profitable even at $0.03 per kWh. No commercial miners can use them. That's nothing new, but what is new is the mining operators that had either decomissioned and warehoused them, or even left them in place but not powered on ... "just in case" the price rebounded are now liquidating them as they need the cash.
BitFarms just released a quarterly statement and simply wrote off their remaining S9s as they weren't worth the effort of selling them even:
The remaining Antminer S9 miners were not sold within 12 months since being classified as held for sale in 2021 due to the decline of the BTC price during the nine months ended September 30, 2022. As a result, these miners were written off and an impairment loss of $432 was recognized in profit or loss under Impairment on equipment and construction prepayments, property, plant and equipment and right-of-use assets.
It may be possible to instead use a cheap ASIC rig, but use fans that can reduce fan speeds, and then customize the power outputs to make it silent (or nearly so).
Interesting, thanks for the link! Not a ton of info on the website outside some general specs...but I love the idea of mining solutions like this that put miners into the internet of things.
I just did a research early today before I saw this and I couldnt find much info apart from a few reviews and what is mentioned on their site .... I managed to idenfity on founder but not much info available online
I support the idea (in principle) but they may need to verify the mining capability and its promise as the ASIC is embedded in the device
it costs around $1150 with up to 14TH/s (im generally sceptical about things "up to")
It sounds like they are finally shipping: https://www.trustpilot.com/review/heatbit.com
But if you read some of the older reviews, they left some of their early customers in the dark for months.
So, instead of a $60 S9, you pay $1,150 for this heatbit same 14 TH/s and same performance.
But this is quieter, it can be run in a living space.
Bad timing for Heatbit ... what a waste.
Where are you finding $60 s9s?
https://www.biddergy.com/Listing/Details/170262205/11-Qty-Bitmain-Antminer-S9-Mining-Machines
https://lucbit.com/products/antminer-s9k-14th-s-brand-new
They are no longer profitable even at $0.03 per kWh. No commercial miners can use them. That's nothing new, but what is new is the mining operators that had either decomissioned and warehoused them, or even left them in place but not powered on ... "just in case" the price rebounded are now liquidating them as they need the cash.
BitFarms just released a quarterly statement and simply wrote off their remaining S9s as they weren't worth the effort of selling them even:
https://www.marketscreener.com/quote/stock/BITFARMS-LTD-62037823/news/Bitfarms-INTERIM-CONDENSED-CONSOLIDATED-FINANCIAL-STATEMENTS-UNAUDITED-FOR-THE-THREE-AND-NINE-MO-42305561/
Yes, this is exactly what I want next to my couch! (/snark)
https://i.postimg.cc/MGWjb4NF/image.webp
It may be possible to instead use a cheap ASIC rig, but use fans that can reduce fan speeds, and then customize the power outputs to make it silent (or nearly so).
https://twitter.com/CryptoCloaks/status/1599076294708584448 [Nitter]
See also:
Heat your home while mining BTC
#87158
cool idea, does anyone have an estimate for how loud this thing will be?
i heat a room with a futurebit miner that is silent and very warm
Interesting, thanks for the link! Not a ton of info on the website outside some general specs...but I love the idea of mining solutions like this that put miners into the internet of things.
Bummer you can’t buy one with bitcoin
What kind of miner is inside it?
I just did a research early today before I saw this and I couldnt find much info apart from a few reviews and what is mentioned on their site .... I managed to idenfity on founder but not much info available online
I support the idea (in principle) but they may need to verify the mining capability and its promise as the ASIC is embedded in the device
it costs around $1150 with up to 14TH/s (im generally sceptical about things "up to")
It's Amazing.!! Just presss on the beam and that's it...one tought:
"To Jump you need to have Talent".