Crypto Mining Blog
It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Search
Posts Tagged ‘ETH ASIC’
There is a lot of talk going on around the new generation of Ethash ASIC miners for mining Ethereum (ETH) that are expected to be released for order in the following few months, although nothing is official or really 100% confirmed, but both devices are expected to have hashrate higher than 2000 MH/s. We are talking about the Innosilicon’s A11 ETH miner and an upcoming device from a newcomer on the mining market, a company called Linzhi that has been getting some attention for a while now. Linzhi Inc was founded by Chen Min, the former CTO of Canaan, a popular name for everyone that has been into crypto mining for a while already as this is one of the first companies to be making Bitcoin ASIC miners – the Avalon miners.
Currently the Innosilicon A10 Pro ETH Miner is the best performing specialized non-GPU-based miner for Ethash with 500 MHS hashrate and 950W of power consumption and a price of $4388 USD　(or 0.125933 BTC) as per the official company website (currently all sold out). The alternative is using GPUs for mining ETH and you even might be able to get the same level of performance as the A10 Pro ETH Miner if you go for Nvidia GeForce RTX 3000 series – 8x RTX 3060 Ti or RTX 3070 or 5-6x RTX 3080 or 4-5x RTX 3090 video cards, but unfortunately pretty much all GPUs suitable for mining are currently hard to find and more expensive than usual.
F2Pool did an unboxing and a test of a sample Linzhi Phoenix ETH miner (the video above). The device is supposedly capable of 2600 MHS hashrate for Ethash with a power usage of 3000-3500W. The Linzhi Phoenix E2600M ETH mining devices are supposedly to be up for purchase around March-April this year with a price in the range of 13-15 thousand USD. The main problem with the Linzhi miner is that it has 4.4GB of memory and Ethereum’s DAG file is already over 4GB in size, meaning that the life expectancy of these miners for mining ETH won’t be very long. If they start shipping as announced and you are among the first to get the device you may still end up with just 4-5 months of use for mining Ethereum, though you would still be able to mine other crypto coins with the Ethash algorithm and smaller DAGs. So, maybe everything was great when they started development 2 years ago, but now 4.4 GB is not enough and if they do not manage to increase the available memory by the time of release to the market things might not be looking very good for their sales.
The Innosilicon A11 ETH miner is the other upcoming next-gen ETH ASIC miner. Supposedly the A11 Ethash miner will be delivering 2100 MH/s Ethash hashrate with just 2300W of power usage and should come with 8GB memory. The not so good thing here is that the price will be higher, probably in the range of about 15-16 thousand USD with shipping expected to start somewhere in April-June time. The Innosilicon is probably the better choice if the final end-product specifications turn out to be as the values we are expecting, as even though it may be slower in terms of hashrate, and more expensive as a price, but is also more power efficient and better equipped for long term use with enough onboard memory.
You should also consider the fact that Ethereum (ETH) will be switching from PoW (Proof of Work) to PoS (Proof of Staking) or with other words moving from mining to staking as a model of generating new coins. This transition has already been started, even though mining is still active and will be for maybe 2 years at least, but when looking for a long-term investment in mining hardware you should have things like that in mind. Not to mention that unlike the specialized ETH miners, going for GPUs allows for much better flexibility even though they may not be as efficient in terms of performance for a specific algorithm.
– Build of a 720 MHs Ethereum Mining Rig With 6x MSI GeForce RTX 3090 SUPRIM X 24G GPUs…
- Published in: Mining Hardware
- Related tags: ETH, ETH ASIC, ETH miner, ETH mining, Ethash, Ethash ASIC, Ethash miner, Ethash mining, Ethereum, Ethereum ASIC, Ethereum mining, Ethereumv miner, Innosilicon, Innosilicon A11 ETH miner, Linzhi, Linzhi Phoenix E2600M, Linzhi Phoenix ETH miner
It seems that the life of the Antminer E3 ASIC miners from Bitmain is nearing its end with the Ethash miner apparently becoming useless for Ethereum Classic (ETC) mining and soon for Ethereum (ETH) as well, or at least we are getting such reports form users being unable to mine properly ETC these devices anymore. The reason for that is the fact that they do work like video cards with 4GB video memory and as these become obsolete due to large DAG size (even though not yet 4GB in size), so will do the E3 ASIC miners. ETC is the first to drop from the E3 coins to mine as it is ahead with about 10 epochs from ETH (328 for ETC, 318 for ETH), so Ethereum has less than two months left before reaching the same place as ETC did. Of course there are a number of other smaller Ethash-based projects that are far behind with their DAG epochs, so the E3 miners will still be able to be mined with the ASIC miners. The problem is what will happen with profitability with a big influx of hashrate coming from large E3 mining operations, so most likely very soon it will be time to retire the miners.
It is interesting to note that Ethereum (ETH) does have a plan to do another fork and switch to the ProgPow proof of work mining algorithm (GPU-only mining) at some point this year, and the time could coincide with the “E3 miner death” for ETH mining or not. Nevertheless now is definitely not the best time to be buying Antminer E3 even if somebody is offering the hardware at a really low prices as in less than two months it might become pretty useless. If you do have E3 ASIC miners make sure you maximize their use for the remaining time that you should be able to mine ETH with them and start planning what to do with them afterwards.
- Published in: Mining Hardware
- Related tags: Antminer E3, Antminer E3 4GB, Antminer E3 end of life, Antminer E3 ETC, Antminer E3 ETH, Antminer E3 mining ETC, Antminer E3 mining ETH, Bitmain, Bitmain Antminer E3, ETC ASIC, ETH ASIC, Ethash ASIC miner
There were rumors, leaks and information about an upcoming Ethash ASIC miner from Bitmain for months, but now it is official as the company has announced their Antminer E3 device. The first ASIC miner capable of mining Ethereum (ETH) and other crypto currencies using the Ethash / Dagger-Hashimoto algorithm is capable of delivering 180 MHS hashrate at 800W of power usage and will cost you $800 USD. The first batch of Antminer E3 Ethash ASIC miners is scheduled to start shipping 16-31 July according to Bitmain’s website, so the devices should start appearing in the first user’s hands sometime in August, although the devices will probably be up and running on the network before that.
Looking at the specifications, you are essentially getting the equivalent of a regular GPU mining rig for Ethereum in terms of hashrate and power usage, but in a more compact and cost efficient format with the Antminer E3. Unfortunately the word is that besides Bitmain a couple more companies have also been working on Ethash ASIC miners, so soon we may start seeing more announcements with different specs similar to what happened with the recent wave of Cryptonight ASICs. So you should be careful when you are doing the math and considering if you should invest in the first generation of Ethash ASIC miners now, you if you should wait a bit more and see… especially considering they are not shipping immediately at this point. We also need to see what will be the response of Ethereum to the ASIC miners now that they are available as they may decide to follow the same road that Monero (XMR) choose – to fork the mining algorithm with the idea to continue to be ASIC-proof or switch to POS sooner than expected.
– For more details about the new Bitmain Antminer E3 Ethash ASIC miner on the official website…