Where do large mining companies send old ASICs?

[shield132]

And what will happen to these ASICs next?
Will they be sold to other countries or disposed of?

If you want to buy a used ASIC now, don't do it. After halving there will be a big discount on such ASICs on the market.

Some companies mine Bitcoin in special tax-free areas with access to cheap electricity and once miners get old or unprofitable, they sell them to local people at a big discount and these people, who live in the mountains, have access to free electricity and generate some profit via discounted miners.

People do mine at a loss so getting a s19 pro 110t at 900 bucks looks good to them.

Mining at a loss was always popular. I know that some people mine certain coins at a loss to support the coin but Bitcoin isn't the exception as I know. I've heard from people who mine at a loss that they mine it to hold it and sell it when the price goes up but isn't it better to invest money into Bitcoin? Instead of buying a miner, buy the coin and instead of mining at a loss, invest that money monthly in Bitcoin.

[qwertzy]

Hello,

as my Avalon miner stopped working and I will probably not able to fix it anymore, I had a look around first on asicminervalue.com and whattomine.com for a new one but I wasn't sure what to get as my power-usage is limted to a maximum of 3800 watts.

Would you say that it is a good option to buy an used ASIC?

[safar1980]

After the halving, many ASIC models will either become unprofitable or give very little profit. And in order for large companies to use all the power for maximum profit, they will turn off thousands of old ASIC models.
And what will happen to these ASICs next?
Will they be sold to other countries or disposed of?

If you want to buy a used ASIC now, don't do it. After halving there will be a big discount on such ASICs on the market.

Take a sec before you grab that ASIC, after the halving, a bunch of used ones are gonna hit the market. People with cheap power will snap some up but others might just get dumped. If I were you, I'd wait a bit for the prices to drop, it's bound to happen!

It's been over a year since the first post. I see that in Russia, mostly the 19 series models are sold. Older models are not popular because they will give little profit on a cheap electricity tariff. Asic pays for itself in about 1-1.5 years, and this time will increase, which means that new models will appear less frequently.

[eb66]

Large mining companies do not really dispose their old ASIC's rather they sell them through advertising on telegram channels and other platforms.

To this point, several miners I've talked with keep their old gear on hand, and then sell it during peak mining cycle.

For example, during the big hashprice jump after China went offline a few years back, many miners made a mint on selling old S9's.