When mining gear becomes a paper-weight

counter

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Time is on our side, yes it is!

Quote from: EvilPanda on March 24, 2014, 07:51:15 AM

Quote from: counter on March 23, 2014, 08:03:59 PM

if there is ever a bitcoin museum you can donate some of them there for display. Or Maybe there are some schools that could find a way to put them to use as an educational tool?

Yes there is!
https://www.thebitcoinmuseum.com/index.php/

I had a feeling there may have been one, good job posting the link Evil Panda ! There you go guys put that museum to use and who knows maybe it could be a tax write off...

EvilPanda

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Small Red and Bad

Quote from: counter on March 23, 2014, 08:03:59 PM

if there is ever a bitcoin museum you can donate some of them there for display. Or Maybe there are some schools that could find a way to put them to use as an educational tool?

Yes there is!
https://www.thebitcoinmuseum.com/index.php/

Bizmark13

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If Bitcoin ever becomes as big as some people here believe, then all of these "worthless" ASICs will become rare museum pieces. Kind of like how the first Model T's are today.

counter

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Time is on our side, yes it is!

if there is ever a bitcoin museum you can donate some of them there for display. Or Maybe there are some schools that could find a way to put them to use as an educational tool?

The Goat Master

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Quote from: Cranky4u on November 21, 2013, 04:40:05 AM

Old ASICs can only mine SHA256 alt coins which are even less economically viable than BTC with the same miner.

Rather than let it sit on the shelf gathering dust or costing you money to maitain network security as a public service. I am offering to run them until they fall apart as I poured profits into a medium alternate energy system which could power old ASICs

You could try merged mining

Revolution

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Trading BTC, looking for amazon cards

Quote from: Cranky4u on November 21, 2013, 04:40:05 AM

Quote from: SeanArce on November 20, 2013, 09:35:00 AM

What's wrong with mining alt coin?

Old ASICs can only mine SHA256 alt coins which are even less economically viable than BTC with the same miner.

Rather than let it sit on the shelf gathering dust or costing you money to maitain network security as a public service. I am offering to run them until they fall apart as I poured profits into a medium alternate energy system which could power old ASICs

Old ASICs can't do anything other than mine SHA256 for now... So that sucks.

Cranky4u

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Quote from: Cranky4u on November 18, 2013, 07:12:00 PM

With difficulty sky rocketing and profitability falling, do you have old mining gear that is now just a paper-weight?

Would you like to continue contributing to the security of the BTC network with your old mining gear but don't want to run it at a loss?

As an Australian based miner whom has been mining for the past ~2 1/2 years, I have been through GPUs + FPGAs and now have my own Jally. In order to maintain viability, I ploughed my profits not into the next generation of pre-order hardware but into a mid-sized stand alone renewable energy setup of hybrid solar and wind. This allows me to continue mining with equipment that retail grid connected deem to be uneconomical.

So rather than letting your old hardware become useless paperweights, please consider donating them to a long term solar farm which will keep hashing for as long as the hardware lasts and the sun shines.

I am happy to pay postage to get the gear here, Bendigo in regional Victoria (Australia), if you’re willing to donate it. Like supporting an orphan in a 3rd world country, I will send you regular snap shots of your newly housed and happy hardware.

Regards,

Cranky

Bump!

mb300sd

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Quote from: Foxpup on November 27, 2013, 01:41:25 AM

Quote from: mb300sd on November 26, 2013, 12:50:13 AM

Exactly as efficient as a heater of the same wattage. x watts electricity always = x watts heat, no matter how it gets there.

Wrong. A heat pump will provide 3 to 5 times as much heat as the electricity it consumes. Miners do not make efficient heaters.

Thats cheating Wink

The heat isn't coming from the electricity...

Foxpup

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Quote from: mb300sd on November 26, 2013, 12:50:13 AM

Exactly as efficient as a heater of the same wattage. x watts electricity always = x watts heat, no matter how it gets there.

Wrong. A heat pump will provide 3 to 5 times as much heat as the electricity it consumes. Miners do not make efficient heaters.

BitcoinFr34k

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✓

I'll just stick with investing.

mb300sd

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Quote from: markjamrobin on November 25, 2013, 03:08:20 AM

Quote from: dsattler on November 25, 2013, 02:59:31 AM

Quote from: mb300sd on November 25, 2013, 02:13:07 AM

My entire house is heated purely by bitcoin/litecoin mining equipment... Some of which probably consumes more in electricity than the coins it generate are worth, but its still nearly free heat.

I don't know what power rates do you have in your country, but here it is always cheaper to use natural gas for heating instead of electrical power!

@Cranky4u: Nice idea! I will consider that, if my asic hardware (still not delivered though) will become unprofitable.

I must ask, how efficient are ASICs for heating, I know this is a joke, but I am seriously curious.

Exactly as efficient as a heater of the same wattage. x watts electricity always = x watts heat, no matter how it gets there.

Cranky4u

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Quote from: dsattler on November 25, 2013, 02:59:31 AM

Quote from: mb300sd on November 25, 2013, 02:13:07 AM

My entire house is heated purely by bitcoin/litecoin mining equipment... Some of which probably consumes more in electricity than the coins it generate are worth, but its still nearly free heat.

I don't know what power rates do you have in your country, but here it is always cheaper to use natural gas for heating instead of electrical power!

@Cranky4u: Nice idea! I will consider that, if my asic hardware (still not delivered though) will become unprofitable.

In Australia, natural gas is about 50~60% the cost of elec to heat your home.

Happy to take any and all old miners up to my ~15kWhr per day limit. Hoepfully I can expand once they have a home and keep them productive for a few more years to come rather than becoming landfill.

markjamrobin

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Quote from: dsattler on November 25, 2013, 02:59:31 AM

Quote from: mb300sd on November 25, 2013, 02:13:07 AM

My entire house is heated purely by bitcoin/litecoin mining equipment... Some of which probably consumes more in electricity than the coins it generate are worth, but its still nearly free heat.

I don't know what power rates do you have in your country, but here it is always cheaper to use natural gas for heating instead of electrical power!

@Cranky4u: Nice idea! I will consider that, if my asic hardware (still not delivered though) will become unprofitable.

I must ask, how efficient are ASICs for heating, I know this is a joke, but I am seriously curious.

mb300sd

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Quote from: dsattler on November 25, 2013, 02:59:31 AM

Quote from: mb300sd on November 25, 2013, 02:13:07 AM

My entire house is heated purely by bitcoin/litecoin mining equipment... Some of which probably consumes more in electricity than the coins it generate are worth, but its still nearly free heat.

I don't know what power rates do you have in your country, but here it is always cheaper to use natural gas for heating instead of electrical power!

@Cranky4u: Nice idea! I will consider that, if my asic hardware (still not delivered though) will become unprofitable.

My house is electrically heated, there is no gas service.

dsattler

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Quote from: mb300sd on November 25, 2013, 02:13:07 AM

My entire house is heated purely by bitcoin/litecoin mining equipment... Some of which probably consumes more in electricity than the coins it generate are worth, but its still nearly free heat.

I don't know what power rates do you have in your country, but here it is always cheaper to use natural gas for heating instead of electrical power!

@Cranky4u: Nice idea! I will consider that, if my asic hardware (still not delivered though) will become unprofitable.

mb300sd

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My entire house is heated purely by bitcoin/litecoin mining equipment... Some of which probably consumes more in electricity than the coins it generate are worth, but its still nearly free heat.

Cranky4u

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bump

The Goat Master

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Quote from: kolesozw on November 21, 2013, 05:40:23 AM

But you can always resell the old ASIC. These can be used to heat rooms in winter if the unit price is small, so there seems to be still market for old ASICs

yes, heating!

Cranky4u

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Quote from: kolesozw on November 21, 2013, 05:40:23 AM

But you can always resell the old ASIC. These can be used to heat rooms in winter if the unit price is small, so there seems to be still market for old ASICs

Market for old ASICs.....mmmmm...might be a valid point for GPUs but how many will simply be chucked in the back of a cupboard next year because of negative returns. I merely offer to contniue that network security rather than take them out of the pool

kolesozw

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But you can always resell the old ASIC. These can be used to heat rooms in winter if the unit price is small, so there seems to be still market for old ASICs

Cranky4u

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Quote from: b!z on November 20, 2013, 09:33:03 AM

Because the gear will be replaced by more modern ASICs, right?

Corrext. THe older ASICs, typically 65nm, are being replaced shortly by 28nm. When this happens, the older ones become increasingly poor financial hardware which will cost the user more $$$/BTC to run than they generate.

I offer a free alternative to letting these devices fall onto the scrap heaps by plugging them into my solar panel systems. THis extends their running life indefinetly.

Cranky4u

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Quote from: SeanArce on November 20, 2013, 09:35:00 AM

What's wrong with mining alt coin?

Old ASICs can only mine SHA256 alt coins which are even less economically viable than BTC with the same miner.

Rather than let it sit on the shelf gathering dust or costing you money to maitain network security as a public service. I am offering to run them until they fall apart as I poured profits into a medium alternate energy system which could power old ASICs

SeanArce

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What's wrong with mining alt coin?

b!z

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Because the gear will be replaced by more modern ASICs, right?

Cranky4u

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Activity: 810

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With difficulty sky rocketing and profitability falling, do you have old mining gear that is now just a paper-weight?

Would you like to continue contributing to the security of the BTC network with your old mining gear but don't want to run it at a loss?

As an Australian based miner whom has been mining for the past ~2 1/2 years, I have been through GPUs + FPGAs and now have my own Jally. In order to maintain viability, I ploughed my profits not into the next generation of pre-order hardware but into a mid-sized stand alone renewable energy setup of hybrid solar and wind. This allows me to continue mining with equipment that retail grid connected deem to be uneconomical.

So rather than letting your old hardware become useless paperweights, please consider donating them to a long term solar farm which will keep hashing for as long as the hardware lasts and the sun shines.

I am happy to pay postage to get the gear here, Bendigo in regional Victoria (Australia), if you’re willing to donate it. Like supporting an orphan in a 3rd world country, I will send you regular snap shots of your newly housed and happy hardware.

Regards,

Cranky

Topic: When mining gear becomes a paper-weight (Read 4074 times)