How Bitmain Will Ruin Ethereum Miners: Performance Analysis of the E3 ASIC
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In a time when cryptocurrencies are becoming more mainstream and a more lucrative form of income for individuals all around the world, it's no surprise that technology continues to advance at a lightning-fast rate. For several of us, our journey started in the cryptocurrency space in the ethereum mining asic of mining. In an effort to curb this trend, newer cryptocurrencies that were supposedly ASIC-resistant were developed.
Bitmain has been consistently in the lead of ASIC development and ahead of ethereum mining asic competition when it came to price vs hashrate and faster to market than any other manufacturer to date. A new rumor has it that Bitmain will soon launch a new piece of hardware for electronic currency mining on a new platform that would be GPU-based to mine Ethereum.
This may soon be an issue of the past. The rumored release date is Q2 or Q3 ofwhich puts its release within the next few months. This comes at a time when Ethereum is speculated to switch to PoS eventually. With the price and marketcap of ETH speculated to overcome Bitcoin ethereum mining asic year, I assume this is Bitmain's move to get in quick and make a ton of money before the switch to Ethereum mining asic happens and the price begins to skyrocket to the moon.
Potential Layout of the Boards ethereum mining asic Image Source. The rumored specs of the F3 Ethereum miner indicate that every miner ethereum mining asic mounted with 3 mainboards. This makes for a very powerful miner and with the ethereum mining asic 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 ethereum mining asic that Bitmain is looking for.
In a time where GPUs are in high ethereum mining asic and production is constantly struggling to meet ethereum mining asic, this may be a ethereum mining asic order. The Dram memory demand that these plants need to fulfill for Bitmain is around 3, pieces of 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 to 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 ethereum mining asic power supply, however, I assume Bitmain will follow it's current trend of shipping the miner and a separate power supply as individual products. 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 ethereum mining asic to boost the value of a currency by releasing miners for a currency that has a growing demand.
The company is well known for doing whatever it can as early as it can to grab a piece of the market. If the hype is true, I will be one of the first in line to try and get my hands on a couple of these miners. What are your thoughts? Do you think the rumors are true? Let me know in the comments section below and If you ethereum mining asic have any questions, inputs, or feedback, please also share those with me.
I would also appreciate support in the form of Upvoting and Re-steeming my post if you found it informative. I wonder how soon this will make GPU switch to mining something else and what will be the best coin to mine for them. I think it would be Monero and that would be great for it's price I think.
I suggest you try them out; they're much simpler than the desktop GUI. I think initially everyone will try to mine as much ETH as they can and when the difficulty starts to increase, people will switch over to Monero or ZCash. This is not an ASIC, it is just a huge collection of cheap memory chips. Of course having a modded BIOS and other twerks.
If you think otherwise, let me know Good post, but dang. SatoshiLite is a good follow, but I'm not sure I can agree on this one. No surprise though from Bitmain. They like and are good at the alpha position. I'm sure it will be a money maker ethereum mining asic them. Not sure what it will do for Ether. I suspect it will push the price higher, but Sia is keeping me in check on assuming too much. ETH has a good head start. I think this year is definately up for grabs. These will definately be a money maker for Bitmain, especially because it is for Ethereum.
I think you are right about ETH. What will be really interesting to see is how the increased hash rate impacts other Ethash coins ethereum mining asic aren't as well established. It could be a bumpy ride for a few. With more eyes on the algo, I hope we see a few more unique and value added coins enter the fray.
There are plenty of GPU mineable coins. If Bitmain doesn't lock the miner down to ETH, we could see an interesting increase in the overall network hashrate for a number of currencies. Amazing and very interessing post thank you for sharing cloh.
Hopefully we will see an ETH miner soon that I can review. Lots of smoke and mirrors ethereum mining asic out of bitmain. Some preliminary calculations have it hashing around Mhz and power consumption in the low watt range.
Not sure about price tag. That's good to know. That seems to be their sweet spot when it comes to pricing. This all assumes the Ethereum Foundation won't just modify ethash to be resistant. They might be able ethereum mining asic do that even if bitmain is just stacking gpu's. It's never a done deal. Cryptos are evolving systems.
I'd love to watch bitmain ship a few thousand only to have ethash modified in a way that no firmware update could fix. Just quadrupling the ram usage might render their asic worthless and keep eth distributed. I have heard that it may be just a bunch of GPU chips stacked into an ethereum mining asic.
Samsung and intel are also now getting into the ASIC game! You got a 1. Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of postpromoter and the bot tracker please vote for yabapmatt for witness! Ethereum mining asic and if there is a asic miner for ethereum, it will ethereum mining asic inflate its the price further. Ethereum mining asic all the coins finally get an asic, then it will be time to choose a side.
A centralized government fiat currency or a centralized private entity crypto currency. Decentralization let's everyone participate and earn incentives regardless rich, poor or average. Centralization let's only the rich and the powerful with connections and able to afford asic participate and creates monopoly. ASICs are in no way more power efficient. No one has ever been ethereum mining asic Bitcoin is so power efficient ethereum mining asic.
Dear Steemit Friends, In a time when cryptocurrencies are becoming more ethereum mining asic and a more lucrative form of income for individuals all around the world, it's no surprise that technology continues to advance at a lightning-fast rate.
Potential Layout of the Boards - Image Source The rumored specs of the F3 Ethereum miner indicate that every miner is mounted with 3 mainboards. I would also appreciate support in the form of Upvoting and Re-steeming my post if you found it informative If you would like to read more about this as it develops, ethereum mining asic consider following me.
Authors get paid when people like you upvote their post. Monero needs to create an easier to use wallet. I'll have to check those out. Thanks for the heads up!
