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Topic: if mining stops , can we sell or use the asic in anything else (Read 279 times)

gunhell16
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if mining stops , can we sell or use the asic in anything else
January 30, 2023, 09:03:10 AM
#11
Quote from: Mahmoud70 on July 23, 2021, 07:20:43 AM
if mining stops , can we sell or use the asic in anything else

ASICs probably be sold for other uses. Though, their value and market demand will probably depend
on various factors like the current state of the cryptocurrency market and Asics specifications.

In addition to that, some asics are built specifically for one particular use and it could not be
compatible with other applications.

mikeywith
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Re: if mining stops , can we sell or use the asic in anything else
August 04, 2021, 06:57:44 AM
#10
Quote from: NotATether on August 03, 2021, 03:38:11 AM
The T9's MSRP was around $1300 so that means the scrap value is at the worst case more than 85 times less than the miner. Unless you're referring to just the chassis, and there is some other practical use for the onboard parts, I don't think people will bother selling it for scrap.

MSRP does not mean anything as far as this subject is concerned, once the miner is no longer proifible/fixable it is only good as scrap, i have seen thousends of miners scrapped, I had a whole topic+video showing that.
NotATether
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Re: if mining stops , can we sell or use the asic in anything else
August 03, 2021, 03:38:11 AM
#9
Quote from: mikeywith on July 23, 2021, 07:29:56 PM
Yes, a few options out there, paperweight, door stoppers, and whatnot, the good thing is that all metal prices go up in price over time, the scrap value for these miners will go up in the long term, there is a fine quantity of aluminum in them, and the fans can be used for something else, IIRC the scrap value for T9 in China back in 2019 was about $15-20$.

The T9's MSRP was around $1300 so that means the scrap value is at the worst case more than 85 times less than the miner. Unless you're referring to just the chassis, and there is some other practical use for the onboard parts, I don't think people will bother selling it for scrap.
YOSHIE
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Re: if mining stops , can we sell or use the asic in anything else
August 03, 2021, 03:23:46 AM
#8
Quote from: Mahmoud70 on July 23, 2021, 07:20:43 AM
if mining stops , can we sell or use the asic in anything else
However, if the miners stop when,....! i don't think it will happen, there are exceptions for Bitcoin miners to quit.
1. Electricity can no longer operate in the universe.
2. The internet is also completely out.

Obviously it's not going to happen, even if it does, it's probably on the verge of apocalypse.
Of course, if the apocalypse happens, you can no longer sell ASICs, because these devices are only specifically designed to mine digital currencies or other languages, bitcoin generators, in another sense it has something to do with the deep blockchain processformation of new blocks as well as transactions, so obviously this is still related to internet and electric mode.

It is quite clear here that it states that ASIC is specially created, cannot be used for anything else, other than digital currency, meaning that it cannot be sold and used in other ways, If crypto/Bitcoin miners no longer exist, obviously ASICs become collectibles, but that's unlikely to happen, except as I said above 'apocalypse'.
os2sam
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 08:43:16 PM
#7
Mining isn't going to stop.
mikeywith
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 07:29:56 PM
#6
Yes, a few options out there, paperweight, door stoppers, and whatnot, the good thing is that all metal prices go up in price over time, the scrap value for these miners will go up in the long term, there is a fine quantity of aluminum in them, and the fans can be used for something else, IIRC the scrap value for T9 in China back in 2019 was about $15-20$.

NeuroticFish
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 01:56:05 PM
#5
Quote from: Mahmoud70 on July 23, 2021, 07:20:43 AM
if mining stops , can we sell or use the asic in anything else

Not much. Some ideas I've seen in the past would be:
* heater
* door stopper
* museum of Bitcoin (mining) history

However, there's better chance that an ASIC miner is no longer profitable (needs upgrade) than mining actually stopping.
NotFuzzyWarm
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 01:50:09 PM
#4
Ja. Edited my post to reflect that. At least with the S1-S7's you could use the RasPi or Beaglebone boards in them (but would still have to add the missing video and USB connectors to them). The S9's started the ARM SOC versions and rather complicates things...
NotATether
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 01:38:46 PM
#3
Quote from: NotFuzzyWarm on July 23, 2021, 08:01:51 AM
The controller part of it, sure it could be repurposed as a tiny Linux PC but it has very minimal memory and com options.

Without unlocking the miner, even this isn't possible because there's no display or input ports on the control boards. Even then, you'd have to write your own custom firmware for it - most normal Linux distros will not install on it since it has an ARM processor.
NotFuzzyWarm
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 08:01:51 AM
#2
No. ASIC means Application Specific Integrated Circuit. The chips in it were made to do 1 thing and 1 thing only - process SHA256 hashes. The controller part of it, sure it could might be repurposed as a tiny Linux PC but it has very minimal memory, I/O and com options.
Mahmoud70
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Re: if mining stops , can we sell or use the asic in anything else
July 23, 2021, 07:20:43 AM
#1
if mining stops , can we sell or use the asic in anything else
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