Bitmain launched (opens in new tab) its long-awaited Antminer E9 system today. The firm claims that one Antminer E9 system has the crypto-computing power to match 25 Nvidia GeForce RTX 3080 graphics cards. That is quite an achievement, which Bitmain measures in Ethereum mining performance terms. In brief, the Antminer E9 is capable of 2,400 MH/s of ETH mining performance, white eating up to 1,920W, and its efficiency is at 0.8 J/M.
Since it first teased the Antminer E9, the specs appear to have changed somewhat, with no real explanation from Bitmain. Last April, Bitmain teased that it was about to launch a specialized Ethereum miner capable of 3,000 MH/s, using 2,556W, with an efficiency of 0.85 J/M. At the time, it boasted that it could out-mine 32 GeForce RTX 3080 graphics cards. Today, the finished shipping product is said to offer a mining performance equivalent to 25 GeForce RTX 3080. However, it seems to be a little more efficient. So Bitmain might have changed the Antminer E9 specs for pricing, efficiency, or another reason - but the company didn't provide any explanations.
Bitmain's Twitter account says that the Antminer E9 should be available today. We checked the site just a couple of hours after the touted hardware sales started, but it wasn't available. It may appear on the Bitmain retail site (opens in new tab) later; however, it isn't showing when the check box shows sold-out products.
The Antminer E9 has been through a prolonged gestation period since its teaser regarding the Ethereum targeting system in April 2021. At the time, Bitmain said it would launch "very soon," but the company seemingly encountered problems releasing the ASIC miner. Bitmain didn't share the pricing for the Antminer E9, either. Cryptocurrencies aren't such an attractive investment as they were in the pre-war, pre-double-digit inflation, pre-recession spring of 2021.
As well as the crypto crash, which has paused chiefly since mid-June, there is another significant negative to the prospect of investing in a specialized ETH miner today. The oft-delayed 'Merge' where ETH mining ends, due to the transition to a Proof of Stake (PoS) model, is firmly penciled in for August this year. Sadly, there have been multiple setbacks, so that it could suffer another delay again.
I wonder how much of the extra delays were due to "in-house testing" :D
Another mining craze is sure to happen again in the future.
OK, eth GPU mining may not come back but GPU mining will still come back. Just mining other coins.
The main purpose of pow isn't exactly for transactions, it's to mine new coins. Right now, most of the computing power is for mining new eth rather than transactions.
Even when eth goes pos, there will be other new coins to mine. And no, eth will not become defacto coin. Eth now is used mainly for ERC20 transfers. No doubt it's the main method of transfer. But there are other methods using ftm/binance network..
Anyone outside eth doesn't need erc20. Cross chain transfers doesn't need erc20 too.
You don't mine for coins, you mine to keep the network alive. The network gives you coins for keeping it alive as it would collapse into nothingness without people dumping 100+TWh/year into it for a chance at winning the compensation lottery.