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Worthless? People still mine on S9s released in 2017.

• threeseed 4y ago
  Replace worthless with unprofitable. And we don't know if it's unique to his situation or for any miner at a certain scale.
• rtkwe 4y ago
  You can mine on worse machines if you have lower power costs or are valuing the BTC higher than the electricity costs (ie you're long/bullish on BTC or you're doing it somewhat altruistically or alternatively not doing the math on how much it's costing.)
  • redox99 4y ago
    If you're bullish on BTC you will still get more BTC by buying them than mining them at a loss.
    • SturgeonsLaw 4y ago
      Miners might be happy to pay a premium to get non-KYC coins
      • redox99 4y ago
        True, there might be tax reasons too even if they don't care about KYC. Although most miners will know people who they can trade face to face with if they don't care about taxes and don't want KYC.
      • 8note 4y ago
        Sounds... sketchy? I'm not sure how that would assuage the risk adverse accountant
        • q-big 4y ago
          > I'm not sure how that would assuage the risk [averse] accountant If the accountant's salary depends on being assuaged, this should hardly be a problem: the accountant will then just tell you that he does not believe this to be a good idea, and give reasons for his judgement.
      • philihp 4y ago
        That's an expensive premium. How much is a crisp benj worth compared to a gently used one, laced with trace amounts of cocaine?
        • jimmydorry 4y ago
          A crisp benj is worth about 21% extra (the typical tax rate of a business). :)