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Ethereum Asic Mining Rig

Bitmain Confirms Release Of First Ethereum Asic Miners

Bitmain Confirms Release Of First Ethereum Asic Miners

Bitmain Confirms Release of First Ethereum ASIC Miners Apr 3, 2018 at 15:21 UTC|UpdatedApr 3, 2018 at 22:11 UTC Bitcoin mining hardware firm Bitmain unveiled its long-rumored ethereum mining tech on Monday. The Antminer E3 is set to ship this July, according to Bitmain's website , at a price of $800 per unit. According to statements, the company is limiting orders to "one unit per user" with restrictions on shipping to China and Taiwan. As was perhaps expected, the listing quickly drew interest from would-be buyers. As of press time, the website indicates that the first batch has already sold out. Hints about Bitmain'sethereum mining product first emerged in February, when China-based news site Technews.cn published details about the expected hardware. And late last month, CNBC cited Susquehanna analystChristopher Rolland, who told the firm's clients that a forthcoming ethereum-focused application specific integrated circuit (ASIC) would dampen the prospects for graphics card makers AMD and Nvidia, whose products have been in high demand by the world's cryptocurrency miners. "During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in [Q2 2018]," Rolland reportedly wrote. However, it remains to be seen whether the ethereum ecosystem will take steps to block the use of the forthcoming ASIC through protocol changes. Last week, a developer put forward an ethereum improvement proposal which proposes a network hard fork to prevent the use of ASICs. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an ind Continue reading >>

Theres No Point In Bitmain Developing An Ethereum Asic Miner

Theres No Point In Bitmain Developing An Ethereum Asic Miner

There are rumors on the internetthat Bitmain is working on yet another cryptocurrency mining hardware unit. While that in itself is not spectacular by any means especially because it is the companys business model this latest venture would focus on Ethereum ASIC mining. Although it remains to be seen if there is any truth to these rumors, the prospect of an Ethereum ASIC mining unit is quite interesting, for obvious reasons. An ASIC Miner for Ethereum Makes no Sense While some peoplehave speculated that Bitmain is working on a new ASIC mining device for Ethereum, theres no real evidence to back up these claims. Supposedly, this projectis code-named Antminer F3 and will consist of three mainboards. With 6 ASIC processors per board, therumored unit has 72 GB of DRAM memory andis capable of achieving speeds of up to 220 MH/s. It sounds like a dream come true for a lot of Ethereum miners, even though its highly unlikely such a system will ever be created. It would take a lot of money and research to develop a new ASIC mining unit for Ethereum. Even though the altcoins algorithm is not ASIC-resistant by any means, there is no reason for companies such as Bitmain to explore ASIC ventures in the Ethereum ecosystem.Thats because there is a very real chance that Ethereum will switch to proof-of-stake in the near future, which would render any real mining efforts completely obsolete. Whenthe switch to PoS will occur exactly has yet to be determined, though. Especially with GPU mining becoming so popular, an ASIC miner is not necessarily a good thing for Ethereum. If an ASIC device were to be released for Ethereum, it would shake up the entire mining ecosystem in many ways. Getting your hands on one of those units would be quite challenging as well, since these machineswould be i Continue reading >>

Will Asic Miners Destroy The Ethereum Ecosystem?

Will Asic Miners Destroy The Ethereum Ecosystem?

Will ASIC Miners Destroy The Ethereum Ecosystem? By Rakesh Sharma | April 27, 2018 9:06 AM EDT The introduction of ASIC mining rigs has always sparked controversy in cryptocurrency communities. For example, bitcoins members blame the rigs for centralizing mining operations. Similarly, the founder of Siacoin is concerned about introduction of the rigs for his crypto. Now ethereum, the worlds second-most valuable cryptocurrency, is grappling with the same problem. (See also: How To Mine EthereumOn Your Computer ). Bitmain, the China-based mining giant, recently introduced ASIC rigs for ethereums blockchain. But the news has hardly received a warm response from ethereums community. Instead, it has kickstarted an intense debate in the community about the merits and demerits of allowing ASIC miners into ethereums ecosystem. The discussion has important implications for the cryptocurrencys future. How ASIC Mining Rigs Affect Ethereums Ecosystem ASIC mining rigs bring a slew of benefits and disadvantages to a cryptocurrencys ecosystem. For example, they bring economies of scale to operations because they are relatively inexpensive and more efficient (as compared to GPU rigs) at processing hash functions. In turn, this translates to higher profit margins for miners. But mining efficiency comes at the cost of decentralization. As the experience with bitcoin has shown, ASIC rigs's affordabilityis an incentive for entrepreneurs to set up large mining farms that offerthe capability to control the future developmentof cryptocurrencies. (See also: BitmainAnnounces Plans For Hard Fork ). The bitcoin cash fork, which was made possible only with support from the mining community, is a case in point. Ethereumunderwenta fork earlier after the DAO hack. Now some are arguing for another fo Continue reading >>

Bitmain Launches Asic Ethereum Miner Antminer E3

Bitmain Launches Asic Ethereum Miner Antminer E3

Folks at Wall Street might be developing a few jitters with the new coming out of Bitmain, the largest crypto mining hardware manufacturer in the world. With the mining giant set to release its newly created EtHash ASIC miner, AMD and Nvidia are about to face stiff competition. While Bitmain dominates the bitcoin mining scene, AMD and Nvidia dominate the Ethereum mining scene. Due to the newly designed ASIC mining units, Wall Street is concerned that Bitmain could potentially upstage AMD and Nvidia. In a tweet posted by Bitmain on Tuesday, April 3, 2018, the company announced the launch of the Antminer E3. This new mining hardware unit is touted as being the most powerful and efficient EtHash ASIC miner available capable of delivering faster and more cost-effective Ethereum mining capabilities than the conventional AMD and Nvidia powered GPU mining hardware. Bitmain also announced that the hardware units will be ready for shipping later in the summer with each unit costing $800 each. This announcement came after weeks of intense speculation that the company was developing such a hardware unit. With this announcement, some of the worst fears of Wall Street for both AMD and Nvidia seemed to have been realized. Before ASICs became a thing for bitcoin mining, the scene was dominated by CPU and GPU-based mining. These days, Bitmain reportedly controls 35 percent of the hashing capacity of the Bitcoin network. It is, therefore, reasonable to expect such a scenario to play out in Ethereum as well. According to analysts at Bernstein, Bitmain may have made as much profit as Nvidia in 2017. These same analysts stated that the majority of Bitmains revenue comes from the sale of cryptocurrency mining rigs. In March, analysts at Susquehanna significantly lowered its price target fo Continue reading >>

Bitmain To Release Ethereum Asic Miner - The Antminer F3

Bitmain To Release Ethereum Asic Miner - The Antminer F3

Potential Layout of the Boards - Image Source The rumored specs of the F3 Ethereum miner indicate that every miner is mounted with 3 mainboards. Each mainboard will have 6 ASIC processors, each of which has 32 1GB DDR3 memory chips. This makes for a very powerful miner and with the lower power consumption expected from Bitmain products, would essentially put all other homemade GPU Mining rigs out of business. Whether the rumors are true or not will have to be seen. It has been reported that Bitmain has been meeting with various plants and manufacturers in Taiwan to determine whether the needed amount of chips can be produced at the capacity that Bitmain is looking for. In a time where GPUs are in high demand and production is constantly struggling to meet demand, this may be a tall order. The Dram memory demand that these plants need to fulfill for Bitmain is around 3,000 pieces of 12-inch wafers per month and it's expected that the ETH ASIC chips will begin production sometime this month. Previous rumors speculated that the ASICs could reach 200 to 220 Mhash per second, but with the current specs, the hashrate could possibly be even more. Late last year, it was speculated that the miner could come in two flavors - one with a power supply and one without a power supply, however, I assume Bitmain will follow it's current trend of shipping the miner and a separate power supply as individual products. When it comes to price, I expect the miner to fall in the range of $2500 - $3000 as this is the typical range Bitmain tends to follow. The demand and overall growing value of Ethereum may even increase that estimate. Bitmain is well known for getting in at the right time and helping to boost the value of a currency by releasing miners for a currency that has a growing demand Continue reading >>

Ethereum Falls After Rumors Of A Powerful Mining Chip Surface

Ethereum Falls After Rumors Of A Powerful Mining Chip Surface

Rumors of a new ASIC mining rig from Bitmain have driven Ethereum prices well below their one-week high of $585. An ASIC or Application-specific integrated circuit in the cryptocurrency world is a chip that designers create for the specific purpose of mining a single currency. Early Bitcoin ASICs, for example, drove adoption up and then, in some eyes, centralized Bitcoin mining in a few hands, thereby thwarting the decentralized ethos of die-hard cryptocurrency fans. According to a CNBC report, analyst Christopher Rolland visited China where heunearthed rumors of a new ASIC chip dedicated to Ethereum mining. During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in 2Q18, analyst Christopher Rolland wrote in a note to clients Monday. While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development. Historically users have mined Ethereum using GPUs which, in turn, led to the unavailability of GPUs for gaming and graphics. However, an ASIC would change the mining equation entirely, resulting in a certain amount of centralization as big players including Bitmain created higher barrier to entry for casual miners. Ethereum is of the most profitable coins available for GPU mining, said Mikhail Avady, founder of TryMining.com . Its going to affect a lot of the market. Without understanding the hash power of these Bitmain machines we cant tell if it will make GPUs obsolete or not. It can be seen as an attack on the network. Its a centralizat Continue reading >>

Bitmain Has Developed An Ethereum Asic Miner, Wall Street Analyst Claims

Bitmain Has Developed An Ethereum Asic Miner, Wall Street Analyst Claims

Bitmain Has Developed an Ethereum ASIC Miner, Wall Street Analyst Claims Join our community of 10 000 traders on Hacked.com for just $39 per month. A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners. Writing a Monday note to clients, Susquehanna analyst Christopher Rolland said that the firm had recently confirmed that the China-based Bitmain by far the largest producer of miners that use Application Specific Integrated Circuit (ASIC) chips is just months away from shipping the first miners compatible with Ethash , the Proof-of-Work (PoW) hashing algorithm used by Ethereum and a variety of other cryptocurrencies. Rolland added that at least three other manufacturers had begun developing Ethereum ASIC miners. During our travels through Asia last week, we confirmed that Bitmain has already developed an ASICfor mining Ethereum, and is readying the supply chain for shipments in 2Q18, Rolland wrote in the note, according to a CNBC report. While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development. Since ASIC chips are application-specific, they maximize the efficiency of cryptocurrency mining but are useful for little else. Until now, Ethash had been ASIC-resistant, allowing Ethereum and other similar cryptocurrencies to be mined using the general purpose GPU chips commonly found in gaming computers. As the leaders in what is effectively a GPU manufacturing duopoly, Nvidia and AMD each benefited Continue reading >>

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All New components. Full manufacturer warranty included. Instruct rig to remote reboot, set core clocks, mem clocks, fan control, pool info, and other settings remotely. Built with our custom frame for better airflow, stability, and durability. Fully configured Ethereum, Zcash, Monero Mining software with optimal settings. Enter your wallet address, and you're ready to go! One of a kind mining rigs with 7-inch touchscreen and user interface. Thanks to SharkOS you can control the power of mining rig with a touch of a button and see real-time parameters for fan speed, power and other. No need to control remotely or use external monitor, mouse, and keyboard! Designed by BIZON. Graphics cards and workstation experts. SharkMining was founded by BIZON company.BIZON is a Silicon Valley-based company specializing in software and hardware development of external graphics cards and high-end computers. 500+ companies trust BIZON (Tesla, Samsung, Google, Amazon, Oculus, Facebook, Stanford University). All the SharkMining rigs designed and assembled by the team of hardware and software engineers with 10 years experience. Continue reading >>

7 Best Ethereum Mining Hardware Asics & Gpus 2017 / 2018 (comparison)

7 Best Ethereum Mining Hardware Asics & Gpus 2017 / 2018 (comparison)

Jordan Tuwiner Last updated July 13, 2017 Using an efficient Ethereum mining hardware will significantly reduce your electricity bills and cut down your costs. This article will help you learn more about the best Ethereum mining hardware. Note: Before you get hardware make sure you have Ethereum mining software, an Ether mining pool , and an Ethereum hardware wallet like the Ledger Nano S for secure storage of Ether. If you just want Ether then just buy Ethereum . Mining has a lot of setup costs and some technical knowledge is required. In order to mine Ethereum, you will need specialized hardware known as graphics processing unit (GPU). Ethereums developers originally intended for it to be mined on computer CPUs but miners later discovered that GPUs gave them more hashing power. So, in the most simplest of terms: a GPU is a specialized Ethereum mining computer. Some GPUs have a higher hash rate than others, while some use more electric power as well. In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity. Many of these costs will vary by country. Is it cheap to buy GPUs in your country? Since most GPUs are sold on Amazon and eBay, if you live in a country where those retailers ship to then you will likely have an easier time getting the GPUs. Also, what is the cost of electricity in your country? Electricity costs are the deciding factor for most miners. As we have seen with Bitcoin mining , miners in China, Iceland, and other places with cheap electricity have a huge advantage! Now that you understand the factors that make GPU rigs good, here is a list and brief description of the most efficient GPUs on sale. Note that th Continue reading >>

$800 Ethereum Asic Miner Could Help Curb Graphics Card Price Hikes | Digital Trends

$800 Ethereum Asic Miner Could Help Curb Graphics Card Price Hikes | Digital Trends

Posted on April 4, 2018 - 9:38AM 4.4.18 - 9:38AM Bitmain has announced a new dedicated mining rig slated for release in a few months time, which has the potential to upturn the existing Ether mining market. If it turns out to be as powerful andefficient as Bitmain claims, it could well help combat the still ongoing problem of sky-high graphics card prices . Bitmain is the worlds leading manufacturer of mining hardware for Bitcoin and a number of other altcoins. Its application specific integrated circuit (ASIC) miners typically offer much greater performance per watt than general-purpose hardware, and that could well be the case with its new E3 miner . Although its not slated to release until July, by the numbers, it would be as powerful and more efficient than multi-GPU rigs. The Antminer E3 is said to deliver a hashrate of 180 mega hash per second with a power consumption of 800w. Bitmain claims that these numbers are conservative for now and expect them to be greater when the miners debut later this year. In comparison, a stock clocked RX 580 produces 25MH/s for 175w. Although multiple-GPU mining rigs tend to have various clock and power-draw tweaks to make them more efficient, they still arent likely to hit the same levels as the Antminer E3. At least in theory. The price tag could be the killer part of this equation though. At $800, the E3 miner is about as expensive as just one pair of RX 580 graphics cards, or three GTX 1060s. You arent getting anywhere near the same sort of hash rate for that sort of money with consumer graphics cards. The response to this new hardware announcement has been mixed. While Bitmain has restricted purchases to five per customer to ward off scalpers, there has been a wave of negative comments on the original Facebook announcement pos Continue reading >>

3 Best Ethereum Mining Hardware Gpus And Asics 2017

3 Best Ethereum Mining Hardware Gpus And Asics 2017

While Ethereum mining is profitable, its not even close to the profitability of Dash mining or Litecoin mining . If youre mining Ethereum only because you want to acquire cryptocurrency, it may be a better idea to just buy it. Mining hardware is very expensive, and unless you are mining on a large scale, its hard to turn a profit. However, if youre a mining enthusiast or you want to give it a shot, this article will illustrate the three best Ethereum mining GPUs. For those looking to acquire cryptocurrency, buying Bitcoin is a better investment. Buy $100+ of Bitcoin and get $10 of Bitcoin free. Just click the button below! Before you spend money on an expensive mining GPU, you probably want to know if youll see a good return on your investment (see our guide on Ethereum mining profitability ). Look no further. We are here to tell you that if you use the above mining GPUs, youll see a great return on your investment. As you can see, the above graph shows the return on investment of the Radeon R9 295X2. As stated previously, youll make $276.80 USD per card each year. If you invest in multiple cards, you will make even more passive income. While it is possible to turn a profit mining Ethereum, X11 Dash mining is FAR more profitable. This video will teach you how to begin mining Ethereum: Unfortunately Ethereums mining algorithm does not support the use of ASIC s. However, regular GPUs can be used to mine Ethereum. In 2017, Ethereum mining is quite profitable. The following GPUs can mine Ethereum and Ethereum Classic . Below are the 3 best Ethereum mining GPUs: By far the most powerful Ethereum miner, the Radeon R9 295X2 has a hash rate of 46 MH/s, drawing 500 W from the wall. This means youll see a yearly return of $276.80 USD annually per card. A powerful alternative to Continue reading >>

Asic Miner For Ethereum... Why Not ?

Asic Miner For Ethereum... Why Not ?

Okay so I have read about ethereum's asic resistance... it's designed to be profitable with GPU's and they dont want asics to "destroy" that like it happened with bitcoin and scrypt miners. But I don't understand why it wouldn't be profitable? I understand that the Ethash algorithm needs lots of memory and that'S not cheap. But why hasn't a company just produced them in bulk for a lower price and made it profitable ?! Like I see it, the current best GPUs can mine 46 MH/s (Radeon R9). And they're still profitable. So what exactly is the problem with having a miner that has more hashing power, would the power consumption be too high? How high would the power consumption of something like this be, I mean bitcoin miners have incredibly high electricity cost as well, why is this so different? And another factor I read is that ethereum will switch to PoS "soon". And once they do that switch, an asics device specifically for ethereum would be unusable. I don't really understand the technical side of PoS and why that's the case, but let's just say this is true. How do we know when exactly ethereum will be switching to PoS? I have gotten the feeling that in the mining world, every announcement is always late. almost nobody meets their deadlines. I have read some forum posts of people saying they wanted to switch until the end of 2016, others say it may take another 3-4 years. Why so vague? I'm really just trying to understand why there's asic miners for like every major currency but not the one that's currently on the 2nd place of the market place. Its is at 2nd place because its ASIC resistant, which means trust, which means you mine and be sure that value is safe and you dont need to sell it, if ltc was ASIC resistant then its value would be around $50 and not $4. ASIC means Continue reading >>

Asic Miners ,fastest Coin Miners ,gpu Miners

Asic Miners ,fastest Coin Miners ,gpu Miners

Welcome to Asic Miner Market, the most advanced cryptocurrency mining, hash hardware service. We sell Asic GPU, Coin, Hash, ASIC Mininghardware, and solutions.Why bother with risky mining contracts or renting when you can buy hashing power directly? Asic Miner Market brings more sense to the market. Continue reading >>

Bitmain's Rumored Ethereum Asic Miner Could Kill Gpu Mining

Bitmain's Rumored Ethereum Asic Miner Could Kill Gpu Mining

Bitmain's rumored Ethereum ASIC miner could kill GPU mining Bitmain rumored to be working on Ethereum ASIC miner, teased at 200-250MH/s for $2500-$3000 Comment | Email to a Friend | Font Size: A A Right now we're in one of the worst positions ever for consumer graphics cards, with prices sky high and stocks at rock bottom, most GPUs are being eaten up by crypto miners. What can help, other than a purported next-gen GeForce GTX 20 series and possibly mining-specific SKUs of GTX 20 series cards? Ethereum ASIC miners, that's what. The latest news coming in from China is that mining giant Bitmain is working on an Ethereum ASIC miner, the purported Antminer F3. Bitmain's rumored F3 Ethereum miner would pack 3 motherboards with 6 ASICs per motherboard, as well as 32 x 1GB DDR3 memory chips that would make for a very power efficient, but incredibly powerful Ethereum ASIC miner. This would put GPU mining for Ethereum out of business, almost overnight. Bitmain is reportedly meeting with a few manufacturers in Taiwan, so you can be sure that they're talking to TSMC and others in order to see how many chips they can get their hands-on. The new ETH ASIC chips will begin production later this month, with the ASICs hitting 200-200MH/s and this could be even better with final hardware. We would be looking at between $2500 and $3000 for the Atminer F3 Ethereum ASIC miner, which is not too bad at all considering the purported 200-220MH/s mining power. Continue reading >>

Ethereum Users Support Hard Fork To Brick Ethereum Asic Miners: Poll

Ethereum Users Support Hard Fork To Brick Ethereum Asic Miners: Poll

Ethereum Users Support Hard Fork to Brick Ethereum ASIC Miners: Poll Join our community of 10 000 traders on Hacked.com for just $39 per month. Ethereum users would support adopting a hard fork that renders Ethereum ASIC miners obsolete, a new poll shows. The poll, which was published on Twitter by Ethereum developer Vlad Zamfir, asked respondents whether they would support a hard fork that makes ASIC miners incompatible with Ethereums Proof-of-Work (PoW) Ethash mining algorithm. Would you support a hard fork that obsceletes ETH ASICs? (Just wondering, this is not a proposal) Vlad Zamfir (@VladZamfir) March 28, 2018 At the time of writing, 55 percent of the 4,904 respondents indicated that they would support a hard fork to make Ethereum ASIC miners ineffective, while just 14 percent said unequivocally that they would not support the fork. Eleven percent selected Its complicated, while the remaining 20 percent just wanted to see the results. Zamfir clarified that his poll was not in regard to a specific proposal, rather that he was just curious about the community sentiment. ASICs so named because they use Application Specific Integrated Circuit (ASIC) chips are by far the most efficient and profitable way to mine cryptocurrencies.However, unlike CPU and GPU chips, which are general purpose and thus have multitudinous applications, ASICs can only be used in a single application and can be rendered obsolete by even a small update to a cryptocurrencys mining algorithm. As CCN reported , Wall Street research firm Susquehanna revealed during a recent trip to Asia that they had confirmed that Chinese mining hardware manufacturer Bitmain had already developed an Ethereum ASIC and was preparing to begin shipping it before the end of the second quarter. To date, Ethash which is Continue reading >>

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