• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Bitmain Intros Antminer E3 for Ethereum, GPU Prices Could Finally Cool Down

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
46,283 (7.69/day)
Location
Hyderabad, India
System Name RBMK-1000
Processor AMD Ryzen 7 5700G
Motherboard ASUS ROG Strix B450-E Gaming
Cooling DeepCool Gammax L240 V2
Memory 2x 8GB G.Skill Sniper X
Video Card(s) Palit GeForce RTX 2080 SUPER GameRock
Storage Western Digital Black NVMe 512GB
Display(s) BenQ 1440p 60 Hz 27-inch
Case Corsair Carbide 100R
Audio Device(s) ASUS SupremeFX S1220A
Power Supply Cooler Master MWE Gold 650W
Mouse ASUS ROG Strix Impact
Keyboard Gamdias Hermes E2
Software Windows 11 Pro
It was only a matter of time before ASICs turned the tide on GPU-accelerated crypto-currency mining. Bitmain announced the Antminer E3, an ASIC miner purpose-built for Ethereum mining. Priced at $800 (or less than the price of an AMD Radeon RX 580 in January), this ASIC draws about 800W of power, and offers a hash-rate of 180 MH/s. To put that into perspective, an RX 580 only has about 30 MH/s, and draws around 200W at typical mining load. Bitmain has begun accepting orders for the Antminer E3, with shipping to commence in July. At its price, no GPU in the market can match the economics of this ASIC, and hence, VGA prices could begin to cool down, and GPU miners could find it hard to hodl on to their overpriced VGAs.



View at TechPowerUp Main Site
 
Joined
Aug 25, 2008
Messages
429 (0.08/day)
Location
Bydgoszcz, Poland
System Name "Złotko"
Processor AMD 1055T @ 3600 MHz
Motherboard Asrock 880G@890GX
Cooling Thermalright 120 Xtreme (lapped)
Memory A-Data 1600 Plus
Video Card(s) Asus HD6950 unlocked - WOW
Storage many more than you can imagine
Display(s) Acer AL1923 and Philips 40PFL5605H
Case Fractal Define R3
Audio Device(s) X-Fi Music / onboard
Power Supply Seasonic M12D 850W
Software viruses, worms, trojan horses, spyware, adware, rootkits
Benchmark Scores 2.3 promile of alcohol in my blood and still standing
Finally!
God bless Bitmain.
 
Joined
Mar 6, 2012
Messages
563 (0.13/day)
Processor i5 4670K - @ 4.8GHZ core
Motherboard MSI Z87 G43
Cooling Thermalright Ultra-120 *(Modded to fit on this motherboard)
Memory 16GB 2400MHZ
Video Card(s) HD7970 GHZ edition Sapphire
Storage Samsung 120GB 850 EVO & 4X 2TB HDD (Seagate)
Display(s) 42" Panasonice LED TV @120Hz
Case Corsair 200R
Audio Device(s) Xfi Xtreme Music with Hyper X Core
Power Supply Cooler Master 700 Watts
AMD should make ASIC for Ethereum and Bitcoins if they want to make extra money but not let their GPUs get into this.
 
Joined
Apr 30, 2011
Messages
2,648 (0.56/day)
Location
Greece
Processor AMD Ryzen 5 5600@80W
Motherboard MSI B550 Tomahawk
Cooling ZALMAN CNPS9X OPTIMA
Memory 2*8GB PATRIOT PVS416G400C9K@3733MT_C16
Video Card(s) Sapphire Radeon RX 6750 XT Pulse 12GB
Storage Sandisk SSD 128GB, Kingston A2000 NVMe 1TB, Samsung F1 1TB, WD Black 10TB
Display(s) AOC 27G2U/BK IPS 144Hz
Case SHARKOON M25-W 7.1 BLACK
Audio Device(s) Realtek 7.1 onboard
Power Supply Seasonic Core GC 500W
Mouse Sharkoon SHARK Force Black
Keyboard Trust GXT280
Software Win 7 Ultimate 64bit/Win 10 pro 64bit/Manjaro Linux
Good news for PC gaming for sure. But to be precise, RX580's draw at mining is varied from 90-100W when tuned properly and mining ethhash. So, not more efficient, just cheaper on initial costs. Whoever has already a mining rig doesn't lose anything by keeping it as it is and not buying that ASIC.
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
i can't wait to see miners cry out incapacitated to repay their expensive rig.

Considering the lack of hash to watt improvement vs bitcoin asics, you'll likely be sorely dissapointed.

Finally!
God bless Bitmain.

So I see your main concern was GPUs all along?

This won't solve the energy problem, even if it could replace gpus.
 
Joined
Sep 6, 2011
Messages
64 (0.01/day)
Location
Outer Heaven, built by me (Jakarta, Indonesia)
System Name ZEROSHIFT VIII : Olympian
Processor INTEL i7 3960x Extreme Edition
Motherboard ASUS P9X79 Deluxe
Cooling Corsair H80 AIO
Memory 32 GByte CORSAIR VENGEANCE 1600 (4x8GB)
Video Card(s) RX 580's (Crosfired)
Storage WDC Green 240GB
Display(s) An Old Dell 19inch
Case Bitfenix Ronin
Audio Device(s) Onboard Sound Card with a great Home theater speaker
Power Supply CORSAIR TX850
Mouse Logitech G400s
Keyboard Logitech G100
Software Windows 10
Benchmark Scores 4500 Single / 7900 crossfire 3Dmark
My thoughts are simple :
1. order now get in july... thats in 3 moths
2. does bitmain has a good amount of those things stocked?

now its just nit picking :
If I were a millionaire that can pay, I buy those things in bulk and when they arent worth it I just put it in junk. If I was a person striving to make some cash on the side.. I cant buy those things, cause they have no resale value. I hope that small scale miners are a fraction, cause if they are the bulk of the miners...then this will only give a small relief. Why dont we help corsair buy mining GPU's from miners instead...
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
My thoughts are simple :
1. order now get in july... thats in 3 moths
2. does bitmain has a good amount of those things stocked?

now its just nit picking :
If I were a millionaire that can pay, I buy those things in bulk and when they arent worth it I just put it in junk. If I was a person striving to make some cash on the side.. I cant buy those things, cause they have no resale value. I hope that small scale miners are a fraction, cause if they are the bulk of the miners...then this will only give a small relief. Why dont we help corsair buy mining GPU's from miners instead...

You pretty much just summed up why ASICs are bad and won't solve anything... particularly these inefficient things.

None of those questions you stated have very positive answers, but you are at least asking the right questions.

Why dont we help corsair buy mining GPU's from miners instead...
Why add a middleman?
 
Joined
Aug 13, 2010
Messages
5,380 (1.08/day)
I would usually turn happy to news like these, but something tells me even bitmain can't kill GPU mining.
 
Joined
Nov 1, 2017
Messages
116 (0.05/day)
i
Considering the lack of hash to watt improvement vs bitcoin asics, you'll likely be sorely dissapointed.



So I see your main concern was GPUs all along?

This won't solve the energy problem, even if it could replace gpus.
know, thw only way to solve problem is to rid of of the cryptosh*t.
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
I would usually turn happy to news like these, but something tells me even bitmain can't kill GPU mining.

Nope (especially not with such inefficient units). But don't worry, the market is already doing that in the short term.

Ups and downs, people.

i

know, thw only way to solve problem is to rid of of the cryptosh*t.

How... uninspired.

You know, the tech does have its uses. Well, I know it does anyways. But Proof of Work is obviously not an ideal model.

Fortunately, I refuse to believe it's the only model that can work.
 
Joined
Nov 1, 2017
Messages
116 (0.05/day)
My thoughts are simple :
1. order now get in july... thats in 3 moths
2. does bitmain has a good amount of those things stocked?

now its just nit picking :
If I were a millionaire that can pay, I buy those things in bulk and when they arent worth it I just put it in junk. If I was a person striving to make some cash on the side.. I cant buy those things, cause they have no resale value. I hope that small scale miners are a fraction, cause if they are the bulk of the miners...then this will only give a small relief. Why dont we help corsair buy mining GPU's from miners instead...
today gpu too, before July will have no resell value.
 
Joined
Jul 18, 2016
Messages
353 (0.13/day)
Location
Indonesia
System Name Nero Mini
Processor AMD Ryzen 7 5800X 4.7GHz-4.9GHz
Motherboard Gigabyte X570i Aorus Pro Wifi
Cooling Noctua NH-D15S+3x Noctua IPPC 3K
Memory Team Dark 3800MHz CL16 2x16GB 55ns
Video Card(s) Palit RTX 2060 Super JS Shunt Mod 2130MHz/1925MHz + 2x Noctua 120mm IPPC 3K
Storage Adata XPG Gammix S50 1TB
Display(s) LG 27UD68W
Case Lian-Li TU-150
Power Supply Corsair SF750 Platinum
Software Windows 10 Pro
If you don't mine don't pull random numbers like "200W on typical mining load" for RX 580s. No. Only idiots run it at 200W. Competent miners will tune it and lower the voltage so 570/580 draws around 100-130W each to be even profitable. So a 6x GPU rig would match this ASIC at 180MH/s 800W easily. Only the price is great.
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
today gpu too, before July will have no resell value.

Not sure what you mean... gpus will always hold some resale value. Not that I'm selling until years end, anyway.

EDIT: Good god with the downvotes, people seemingly forget I am only mining as a research project for TPU... haters gonna hate I guess.

Nothing I said was false either.
 
Last edited:
Joined
Feb 8, 2012
Messages
3,012 (0.68/day)
Location
Zagreb, Croatia
System Name Windows 10 64-bit Core i7 6700
Processor Intel Core i7 6700
Motherboard Asus Z170M-PLUS
Cooling Corsair AIO
Memory 2 x 8 GB Kingston DDR4 2666
Video Card(s) Gigabyte NVIDIA GeForce GTX 1060 6GB
Storage Western Digital Caviar Blue 1 TB, Seagate Baracuda 1 TB
Display(s) Dell P2414H
Case Corsair Carbide Air 540
Audio Device(s) Realtek HD Audio
Power Supply Corsair TX v2 650W
Mouse Steelseries Sensei
Keyboard CM Storm Quickfire Pro, Cherry MX Reds
Software MS Windows 10 Pro 64-bit
Only the price is great.
... and that little 'only' could actually mean something for the GPU prices ... assuming the makers can scale up the production on demand
 

the54thvoid

Intoxicated Moderator
Staff member
Joined
Dec 14, 2009
Messages
12,378 (2.37/day)
Location
Glasgow - home of formal profanity
Processor Ryzen 7800X3D
Motherboard MSI MAG Mortar B650 (wifi)
Cooling be quiet! Dark Rock Pro 4
Memory 32GB Kingston Fury
Video Card(s) Gainward RTX4070ti
Storage Seagate FireCuda 530 M.2 1TB / Samsumg 960 Pro M.2 512Gb
Display(s) LG 32" 165Hz 1440p GSYNC
Case Asus Prime AP201
Audio Device(s) On Board
Power Supply be quiet! Pure POwer M12 850w Gold (ATX3.0)
Software W10
...Only the price is great.

Yes and no. The hash rate per dollar is fantastic, but with anything that comes with a low price, its overall value is increased. It has a higher hash rate than several GPU's that would cost considerably more so it is a great 'thing'. Also, its likely designed for the big mining market, not the tech-savvy, hobby guys like @R-T-B etc, who will tweak to the end of the earth for maximum efficiency. I only hope that Eth does not release code to make these redundant and force the drive back to GPU's. Perhaps it is against the law to manipulate the code to destroy another person's business?
 

eidairaman1

The Exiled Airman
Joined
Jul 2, 2007
Messages
40,435 (6.61/day)
Location
Republic of Texas (True Patriot)
System Name PCGOD
Processor AMD FX 8350@ 5.0GHz
Motherboard Asus TUF 990FX Sabertooth R2 2901 Bios
Cooling Scythe Ashura, 2×BitFenix 230mm Spectre Pro LED (Blue,Green), 2x BitFenix 140mm Spectre Pro LED
Memory 16 GB Gskill Ripjaws X 2133 (2400 OC, 10-10-12-20-20, 1T, 1.65V)
Video Card(s) AMD Radeon 290 Sapphire Vapor-X
Storage Samsung 840 Pro 256GB, WD Velociraptor 1TB
Display(s) NEC Multisync LCD 1700V (Display Port Adapter)
Case AeroCool Xpredator Evil Blue Edition
Audio Device(s) Creative Labs Sound Blaster ZxR
Power Supply Seasonic 1250 XM2 Series (XP3)
Mouse Roccat Kone XTD
Keyboard Roccat Ryos MK Pro
Software Windows 7 Pro 64
Ok so this produces 6x the amount a 580 does, looks like a specific purpose rig, 800 is still pretty steep, i guess miners dont care about the price. Now imagine if this thing was a universal asic.

I guess this uses less power than a rig with 6 580s in it.
 
Last edited:
Joined
Jun 15, 2016
Messages
1,042 (0.37/day)
Location
Pristina
System Name My PC
Processor 4670K@4.4GHz
Motherboard Gryphon Z87
Cooling CM 212
Memory 2x8GB+2x4GB @2400GHz
Video Card(s) XFX Radeon RX 580 GTS Black Edition 1425MHz OC+, 8GB
Storage Intel 530 SSD 480GB + Intel 510 SSD 120GB + 2x500GB hdd raid 1
Display(s) HP envy 32 1440p
Case CM Mastercase 5
Audio Device(s) Sbz ZXR
Power Supply Antec 620W
Mouse G502
Keyboard G910
Software Win 10 pro
Time will tell what will happen, we can only read/see about it :)
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
Perhaps it is against the law to manipulate the code to destroy another person's business?

If that was true VertCoin ASIC producers way back when would likely have excercised that law... so doubtful.

Ok so this produces 6x the amount a 580 does, looks like a specific purpose rig, 800 is still pretty steep

Not considering the gpus it would take to get that hashrate, it isn't.
 
Joined
Dec 15, 2016
Messages
630 (0.24/day)
This will not solve anything. Also some crypto still favour gpu, plus its resale value etc.
 
Joined
Jan 20, 2014
Messages
299 (0.08/day)
System Name gamingPZ
Processor i7-6700k
Motherboard Asrock Z170M Pro4S
Cooling scythe mugen4
Memory 32GB ddr4 2400mhz crucial ballistix sport lt
Video Card(s) gigabyte GTX 1070 ti
Storage ssd - crucial MX500 1TB
Case silverstone sugo sg10
Power Supply Evga G2 650w
Software win10
look: ebay sold listings RX 580 8GB
RX 580 8GB are sold for under 280$ now !!!! and sub 250-ish $ on your local "craigslist-like" adds.
so most miners just (in last 4 weeks) cashed in like -200$ or -40% loss for each card they owned (but that is not for RX 580 only - for all gpus the same proportion applies).
I cant wait the panic sales when huge EHT farms will have to go away from ETH to "whatever you smal miners now mine" coin and will obliterate those difficulties in a heartbeat.
 
Joined
Dec 15, 2006
Messages
1,703 (0.27/day)
Location
Oshkosh, WI
System Name ChoreBoy
Processor 8700k Delided
Motherboard Gigabyte Z390 Master
Cooling 420mm Custom Loop
Memory CMK16GX4M2B3000C15 2x8GB @ 3000Mhz
Video Card(s) EVGA 1080 SC
Storage 1TB SX8200, 250GB 850 EVO, 250GB Barracuda
Display(s) Pixio PX329 and Dell E228WFP
Case Fractal R6
Audio Device(s) On-Board
Power Supply 1000w Corsair
Software Win 10 Pro
Benchmark Scores A million on everything....
Quick! Somebody figure out how we can turn this into a GPU so we can all take it from the miners! MUAHAHAHAHA!
 
Top