21 sats \ 0 replies \ @cryptocoin 18 Nov 2022 \ parent \ on: The first heater that mines bitcoin bitcoin
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/