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Sales of Bitmain's new Ethereum ASIC miner to begin Wednesday


www.theblock.co 05 July 2022 18:22, UTC
Reading time: ~2 m

Mining hardware manufacturer Bitmain will start selling its new application-specific integrated circuit (ASIC) miner AntMiner E9 on Wednesday.

The new Ethereum miner features a hash rate of 2,400M, 1920 watts of power consumption and power efficiency of 0.8 joules per minute, the company said on Twitter.

According to Bitmain, the E9 is equivalent to 25 RTX 3080 graphics cards. Sales will start at 9 am ET on Wednesday.

The new model was announced over a year ago, when Ethereum mining revenues were on the rise. The launch is happening despite of Ethereum's move from proof-of-work to proof-of-stake, which is expected to happen later this year. Post-merge, the hardware can be used to mine other cryptocurrencies that rely on the Ethash algorithm.

In April 2021, Ethereum Miners were bringing in $1.68 billion in revenue, reaching an all-time high the following month ($2.4 billion). But revenues have since gone down significantly, totaling $549.58 million last month.

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