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Reusing old mining harware

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ProtoTech

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Are there any create projects that are reusing old ASIC rigs? This technology is advancing so fast that old hardware isn't worth the power it consumes, which is inevitably going to cause a lot of waste. AntMiner S1's are still profitable, but are becomim less and less so every day. However, if they are under clocked then they will be profitable for a while longer. Maybe someone should open a farm where they buy hardware for cheap, under clock it, and make use of the hardware for as long as possible. What do you all think?

Posted on July 19, 2014 at 12:50 PM

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• jamesmm

  

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  Location: Texas, Block #301130

  I wish there was something that could be done. I've dealt with this for years, collecting tons of old hardware. But I've heard something like 90% of all computers ever made are in the trash somewhere. It's a sad reality :(

  Posted on July 19, 2014 at 12:55 PM
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• Mike

  

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  Location: Chicago, IL

  @prototech Are there any create projects that are reusing old ASIC rigs? This technology is advancing so fast that old hardware isn't worth the power it consumes, which is inevitably going to cause a lot of waste. AntMiner S1's are still profitable, but are becomim less and less so every day. However, if they are under clocked then they will be profitable for a while longer. Maybe someone should open a farm where they buy hardware for cheap, under clock it, and make use of the hardware for as long as possible. What do you all think?

  I may be wrong, but I believe that I have already seen a service like this around. I've made a note to myself to research it when I get back to the computer. If not, this could potentially be a hugely profitable service so long as you have the resources to deploy it properly.

  Posted on July 19, 2014 at 2:03 PM
  Last Edited: July 19, 2014 at 2:04 PM
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• ProtoTech

  

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  @mjroncone

  @prototech Are there any create projects that are reusing old ASIC rigs? This technology is advancing so fast that old hardware isn't worth the power it consumes, which is inevitably going to cause a lot of waste. AntMiner S1's are still profitable, but are becomim less and less so every day. However, if they are under clocked then they will be profitable for a while longer. Maybe someone should open a farm where they buy hardware for cheap, under clock it, and make use of the hardware for as long as possible. What do you all think?

  I may be wrong, but I believe that I have already seen a service like this around. I've made a note to myself to research it when I get back to the computer. If not, this could potentially be a hugely profitable service so long as you have the resources to deploy it properly. I would appreciate it. That's exactly what I'm thinking, old hardware could be bought for next to nothing and mined at an incredibly low voltage. The only issue the space and heat that they will take up. Of course complete recycling could be an option, but I don't know much about the process of recycling chips like this.

  Posted on July 19, 2014 at 6:33 PM
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• myhometalk

  

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  Location: China

  just kind of wasting electricity

  Posted on July 19, 2014 at 7:00 PM
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• FBSoulMan

  

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  I know this doesn't totally relate to the issue of older ASICs, but if anyone has any old GPU/CPU rigs they want to re-purpose, check out http://www.foldingcoin.net/

  We leverage the Stanford University Folding@home network and distribute our own Counterparty token based on your folding credits.

  More info on the site, I'll stop hijacking your thread now...

  -James

  Posted on July 19, 2014 at 10:15 PM
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• belltown

  

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  Location: seattle

  Try selling your old ASIC on eBay. People buy even unprofitable miners

  Posted on July 19, 2014 at 10:39 PM
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• blockzombie

  

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  Location: Sydney Australia

  I think you can recycle them physically. Is it ironic that there may be some gold in the circuitboards that can be harvested?

  Posted on July 20, 2014 at 12:49 AM
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• irnhnve

  

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  @blockzombie I think you can recycle them physically. Is it ironic that there may be some gold in the circuitboards that can be harvested?

  Some of the really old computer parts have a decent amount of gold on connectors and pins but there's barely even enough to see on modern computers.

  Posted on July 20, 2014 at 10:54 AM
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• William

  

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  @belltown Try selling your old ASIC on eBay. People buy even unprofitable miners

  Why would someone buy an unprofitable miner? Out of ignorance?

  Posted on July 20, 2014 at 1:32 PM
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• lostdroid

  

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  Location: UK

  I'm probably going to show that I don't fully understand the cryptography behind Bitcoin here but couldn't the ASICs be used by pen-testers for hashing passwords to SHA256?

  Talking of scraping computers, I've often just kept the screws and the throw motherboard, power supply, etc. I once took a computer for recycling and asked for the plastic bag back, it was more useful to me than the computer in it!!!

  Thanks,

  J

  Posted on July 20, 2014 at 1:43 PM
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