33 sats \ 5 replies \ @cryptocoin 17 Nov 2022 \ on: The first heater that mines bitcoin bitcoin
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?
reply
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.
reply
See also:
Heat your home while mining BTC
#87158
reply
Yes, this is exactly what I want next to my couch! (/snark)
reply
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).
It's just a concept but how can you not love it 🥰
reply