Just in time for the Ethereum market crash, Chinese miner Bitmain has unveiled its Antminer E9 Ethereum miner.
According to Twitter company announcement (opens in new tab), the mining rig should completely outperform any GPU configuration and claims its new mining machine can match the performance of 25 GeForce RTX 3080s. These claims, impressive as they are, seem accurate as an Antminter is capable of 2,400 MH/s compared to the 100 MH/s of an RTX 3080.
#BITMAIN announces #ANTMINERE9, equipped with a hashrate of 2400M, power consumption of 1920W and power efficiency of 0.8J/M, utilizing the Ethash algorithm for ETH/ETC. E9 is equivalent to 25 RTX 3080 graphics cards. Sales begin July 6 at 9 am ET. pic.twitter.com/PU9lvtNEELJuly 5, 2022
This isn’t the first time Bitmain’s Antminer E9 Ethereum miner has been mentioned, as the company revealed its existence in 2021. to around $17,500.
This makes the Antminer ETC/ETH Miner E9 43% cheaper than buying the equivalent number of RTX 3080 cards, and its power consumption is also drastically lower.
The Miner E9 aims to have a power consumption of just 1,920W for 2,400MH/s, compared to 25 RTX 3080 cards running at 224W each to achieve 97.88MH/s per card for a total hash rate of 2,447MH/s . RTX cards are consuming 5,600W of power for this insignificantly higher rate. This makes something like the Miner E9 a much more attractive investment for cryptominers who are more concerned with maximizing profit and efficiency than raw, top-notch performance.
The fact that there is a mining rig that can so effectively replace dozens of the best graphics cards means that there will be a lot more available for PC gamers to buy, and that doesn’t even take into account the drop in demand for graphics cards from the crash. cryptographic.
Analysis: The effects of cryptographic crash on mining rigs
So why would Bitmain bring out its Antminer mining rig again after more than a year of silence? Most likely, the big delay came from Bitmain using them to mine Ethereum before the big crash that wiped out 75% of the cryptocurrency’s value.
And now they are likely looking to recoup those losses, just like how many cryptocurrency miners are desperately trying unload your used GPUs. Due to mining returns being significantly lower now than in 2021, the price will decide how well the Bitmain platform will sell.
And considering that ASIC miner Linzhi “Phoenix” cost $11,300 and $13,700 at a time when the coin was still profitable, that means Antminer will likely need to sell a lot cheaper to be remotely viable.
While this all bodes well for the GPU market, as the existence of more dedicated ethereum mining rigs that can outperform any graphics card, coupled with the current decline in cryptocurrencies, means we expect to see even more of them. back in the hands of players. Whether this will help to reduce some of the the ecological impact The whole picture, as seen by the sharp decline in carbon emissions since the start of the crash, remains to be seen, however.