New mining ASIC for Ethereum is as fast as 32 RTX 3080s

[P4-630]

This Ethereum-enabled asic-miner must deliver a hash power of 3 gigahash (3,000 megahash) per second.
That should be equal to 32 GeForce RTX 3080s, which, according to an earlier test with optimized graphics cards, delivers about 94 megahash per second.
It has been known for some time that ASICs are often more suitable than video cards, but the Antminer E9 is faster than the Linzhi Phoenix miner,
which does 2600 megahash per second and costs a hefty 11,300 to 13,700 dollars.

In addition, the miner is relatively economical. It consumes a maximum of 2,556 watts, which is good for an energy efficiency of 0.85 J / m.
The Phoenix miner consumes 3,000 watts, and 32 RTX 3080s consume approximately 7,500 watts

BITMAIN

BITMAIN， Beijing, China. 4.6 万次赞. BITMAIN is the world's foremost producer of ASIC bitcoin mining hardware. We offer both consumer and enterprise solutions for every level of miner.

www.bitmain.com

This is the stuff you need to mine.

 

[Sybaris_Caesar]

Isn't it common knowledge in thw mining scene that these companies release the mining ASICs only after mining on it becomes/assumed to become unprofitable?

 

[Betty (Kung Pow)]

Isn't it common knowledge in thw mining scene that these companies release the mining ASICs only after mining on it becomes/assumed to become unprofitable?

With that mindset, why would AMD or Nvidia sell any of their own cards?

Probably more money in building a brand and getting investment money than you get for a volatile currency

 

[Space Lynx]

BITMAIN

BITMAIN， Beijing, China. 4.6 万次赞. BITMAIN is the world's foremost producer of ASIC bitcoin mining hardware. We offer both consumer and enterprise solutions for every level of miner.

www.bitmain.com

This is the stuff you need to mine.

@trog100 @ZenZimZaliben

Dogecoin to the moon boys!!!!

 

[nguyen]

sweet, let hope they are not made on TSMC 5 or 7nm and competing for fab capacity.

 

[lexluthermiester]

Yeah, miners NEED to buy this kind of hardware instead of GPUs...

 

[Sybaris_Caesar]

With that mindset, why would AMD or Nvidia sell any of their own cards?

Probably more money in building a brand and getting investment money than you get for a volatile currency

I meant GPU vs ASIC. My guess is sensible miners almost always buy GPU since it can be resold and hold their value, despite the energy costs. OTOH my understanding from the discussions is that ASICs get released only after the companies themselves have used it for months if not years. Then when they see the writing on the wall that their ASICs will get unprofitable in the upcoming version or fork of the crypto, they miraculously "announce" their ASICs for selling (read offload to some naive chums). After those chums buy these ASICs, inevitably the coin gets unprofitable to mine on those machines and since there's no resale value in useless junk, the ASICs become e-waste.

This is a good read on the matter. I read it when researching mining and had a great laugh. Mining crash can't come fast enough imo.

 

[TheoneandonlyMrK]

Nice, good news ,it will take time still but it's a start.

 

[phanbuey]

Yeah it's only a matter of time -- these are going to come back, video card stocks will go back to normal, until the crash then we rinse and repeat.

Definitely going to throw some FOMO money at it when it crashes I don't think we are done with these cycles until the government(s) step in.

 

[R0H1T]

Yeah it's only a matter of time -- these are going to come back, video card stocks will go back to normal, until the crash then we rinse and repeat.

Well you just wrote the entire history of human civilization evolution

 

[phanbuey]

Well you just wrote the entire history of human civilization evolution

Sometimes it's fun.

 

[Hardcore Games]

BITMAIN ANTMINER E9

Bitmain has announced their new Antminer E9. This ASIC unit is designed for Ethereum mining and it is estimated to be able to deliver 3 GH/s while using only 2.56 kW of power. That gives this unit the performance of approximately 25 RTX 3090 cards for a lot less capital outlay. The E9 is made ...

www.hardcoregames.ca

Somebody I know in Vietnam told me about this

 

[R-T-B]

Yeah, miners NEED to buy this kind of hardware instead of GPUs...

Wouldn't solve the energy crisis one bit, but it would solve the stocking crisis at least.

Sadly, coins keep coming out intentionally targeting GPUs. Bitcoin has been asic only for years now and that hasn't stopped anyone.

Personally, I'll never mine with ASICs again. Too serious for me, I can't really believe I'm running one GPU right now honestly.

 

[lexluthermiester]

What would solve problems is the banning of cryptocoin altogether. It is disrupting everything and needs to be put to a swift end by the governments of the world.

 

[MentalAcetylide]

What would solve problems is the banning of cryptocoin altogether. It is disrupting everything and needs to be put to a swift end by the governments of the world.

I really don't see how they could "ban" it. As I've said before, all they need to do is regulate it and the crapto-currency will crash since a lot of the criminal element will be removed. The only reason I can think of for such currency to exist would be for individuals to hide monetary transactions involving crime(s).

 

[R-T-B]

What would solve problems is the banning of cryptocoin altogether.

What good is a law you can't enforce? I have a feeling you don't like the idea of auditing energy bills, home inspections if they get too high, and the fact that China already tried this and it completely failed even in their totalitarian environment.

Which means yes, to enforce such a bill, we'd literally need to be more invasive than China. Can I get a "gg" guys?

Such a bill if it ever passed, would be useless and toothless in enforcement. It would solve nothing.

since a lot of the criminal element will be removed

I really don't feel criminal has been a major element for some time, and recent studies have been pointing that way too.

Most of the recent movement has been big banks and companies buying in large scale to facilitate their own sort of projects, probably digital currency type of something somethings if I had to guess. There's a lot of chatter about "stablecoins." This has absolutely nothing and null to do with the criminal underworld.

The only reason I can think of for such currency to exist would be for individuals to hide monetary transactions involving crime(s).

I can think of a lot of reasons digital currency is useful beyond that.

 

[trog100]

there are lots of bad things said about crypto.. some people believe the bad things and spread them simply because they are anti crypto..

then we have the coiners and no coiners.. both side spout their own cause..

trog

 

[lexluthermiester]

What good is a law you can't enforce? I have a feeling you don't like the idea of auditing energy bills, home inspections if they get too high, and the fact that China already tried this and it completely failed even in their totalitarian environment.

Nah, it's easy, all the data would be in the taxes and the bank transfers.... Hiding that becomes a form of money laundering, which would be another crime. Yes, banning it all would be the best solution.

As I've said before, all they need to do is regulate it and the crapto-currency will crash since a lot of the criminal element will be removed.

The US government has the sole discretion to allow or disallow any non-regulated currency or sudo-currency. Other governments have similar authorities I'm sure.

 

[DeathtoGnomes]

This is the stuff you need to mine.

Sure when you start buying these for everyone here.

 

[R-T-B]

Nah, it's easy, all the data would be in the taxes and the bank transfers....

That only works with a global ban, which we are well beyond happening at this point. Again, can't be done.

Plus even in that fantasy scenario, it does not stop person to person sales for cash, which do happen.

 

[DeathtoGnomes]

Yes, banning it all would be the best solution.

I disagree. applying the same rules as they do to all other financial institutions would mean places like Coinbase would have to pay taxes and file reports and such.

 

[R-T-B]

I disagree. applying the same rules as they do to all other financial institutions would mean places like Coinbase would have to pay taxes and file reports and such.

Technically they'd be forced to report, and the users pay taxes. And yes this is the right approach.

 

[lexluthermiester]

I disagree. applying the same rules as they do to all other financial institutions would mean places like Coinbase would have to pay taxes and file reports and such.

Good point, but to force it to be abandoned would require very high taxation. That might work as well.

 

[thesmokingman]

What would solve problems is the banning of cryptocoin altogether. It is disrupting everything and needs to be put to a swift end by the governments of the world.

Whenever the gubments finally tax btc will be its end.

 

[R-T-B]

Good point, but to force it to be abandoned would require very high taxation. That might work as well.

I don't think it'd take much more than what they already officially apply. It's treated as capital gains.