Wednesday, April 4th 2018
Bitmain Intros Antminer E3 for Ethereum, GPU Prices Could Finally Cool Down
It was only a matter of time before ASICs turned the tide on GPU-accelerated crypto-currency mining. Bitmain announced the Antminer E3, an ASIC miner purpose-built for Ethereum mining. Priced at $800 (or less than the price of an AMD Radeon RX 580 in January), this ASIC draws about 800W of power, and offers a hash-rate of 180 MH/s. To put that into perspective, an RX 580 only has about 30 MH/s, and draws around 200W at typical mining load. Bitmain has begun accepting orders for the Antminer E3, with shipping to commence in July. At its price, no GPU in the market can match the economics of this ASIC, and hence, VGA prices could begin to cool down, and GPU miners could find it hard to hodl on to their overpriced VGAs.
77 Comments on Bitmain Intros Antminer E3 for Ethereum, GPU Prices Could Finally Cool Down
just for interest a few year back i do remember some folks in the US complaining about the high cost of their nuclear power electricity.. the folks not that far away paid way less for their old fashioned coal powered supply..
trog
- What happens if the market/difficulty goes up? You make less coin, but more money.
- What happens if the market/difficulty goes down? You make MORE coin, but less money for now.
- You are essentially forced to cost-dollar-average buy into the market over the course of a long time, and you feel less pressure to panic sell or buy.
- Typically a miner will actually go through the trouble of downloading the official wallet of the cryptocoin he is mining. This is ALWAYS more secure than trusting a crypto exchange, and it also gives you a chance to evaluate if you should even bother supporting a project. For instance the Monero wallet made me realize it could never succeed long term in the "Top 10 Coins" because of how incredibly slow and inefficient its blockchain is (Expecting to get some hate for this!).
TLDR: There is a substantial reduction in risk than most people realize, you are more anonymous in how you secure your funds, and mining acts an excellent filter in making sure you know what you are doing when you get into this market.