Bitmain Antminer E9 3GH Buy Guide:

How to Start Mining for Ethereum?

Ethereum has the second-largest community of developers in the cryptocurrency world. Many cryptocurrencies are developed by a single person or small group of people; but Ethereum was developed by a diverse, worldwide community comprising hundreds of developers

Many cryptocurrencies are forked from Bitcoin, but Ethereum was conceived as an entirely new project with no lineage except the pre-sale of ETH which helped fund development.

In the last two years, the price of cryptocurrencies grew across the board. Consequently, the number of miners also increased. At the same time, the GPU market saw a shortage of high-quality cards. To mine Ethereum, you need either a high-quality GPU or an ASIC.

All of this brings us to Bitmain Antminer E9 (3GH), the fastest ASIC miner out there. We’ll discuss what it is, how it works, and in the end, we’ll explain the basics of ETH mining.

Bitmain Antminer E9 (3GH) Buy Guide: What is Bitmain Antminer E9

Bitmain Antminer E9 is an ASIC machine for mining cryptocurrencies based on the EtHash algorithm. It can mine Ethereum, Ethereum Classic, and other Cryptocurrencies at the rate of 3GH/s under standard mining conditions. For those looking to buy Bitmain Antminer E9 (3GH), here are a couple of things you need to know:

· What are the advantages of Bitmain Antminer E9 (3GH)?

Bitmain Antminer E9 uses less electricity than other ASIC machines for mining cryptocurrencies. You can use the machine to mine Ethereum at a lower cost.

· How do I start ETH Mining with Bitmain Antminer E9 (3GH)?

You have to connect an Ethernet cable between your computer and the interface port of the miner, turn on the miner, and, then you are ready to start mining.

· What else should I know about Bitmain Antminer E9 (3GH)?

With a low price and high hash rate, It is more efficient than most ASICs for mining cryptocurrencies.

Bitmain Antminer E9 (3GH) Buy Guide: Who Makes the Antminer E9

Bitmain was founded by Jihan Wu, a Chinese hardware engineer who is the CEO of Bitmain. In 2014, Bitmain opened a new round of funding and invested in an Israeli ASIC design company called “Halong Mining.” On December 5th of the same year, it announced that it had completed a round of funding and raised $50 million.

In July 2018, Bitmain released the Antminer E3, their most powerful miner at that time. However, their latest model, Bitmain Antminer E9 (3GH) is currently the most powerful ETH miner on the market. Considering its low price, the E9 is bound to become one of the most popular miners in 2021.

Bitmain Antminer E9 (3GH) Buy Guide: Why Should You Use Bitmain Antminer E9

We have come to the central question of our article: why should you use the E9 instead of some other type of hardware? Since the miner is so powerful, there are more than a few reasons for it. Here are some reasons:

· Ease of Use

One reason to get the Bitmain miner is that it’s so easy to set up, especially when compared to alternative methods for cryptocurrency mining. If you have experienced frustrations trying to get your AMD or NVidia graphics card working with a mining rig, this model might be a breath of fresh air for you. The Bitmain system is all ASIC-based and requires no drivers whatsoever. It just works out of the box — which saves you hours of frustrating debugging time.

· Compact Size

Another great reason to get this ASIC miner is that it’s extremely compact. It takes up much less space than your average GPU, so you can start mining in even the smallest spaces available. This makes it a good choice for people who are just getting started with Ethereum mining and don’t have much room available to them, or even smaller-scale GPU miners who want to experiment with alternative hardware options.

· Efficiency

One of the biggest benefits of using this model is that it’s so efficient. Of course, this makes sense because it’s ASIC-based. But when compared with even the newest NVidia GPUs, which are also based on much older architectures, the ASICS are much more efficient at mining Ethereum. You can expect to pull in about 800 or so hashes per second with this model.

Bitmain Antminer E9 (3GH) Buy Guide: How Ethereum Mining Works

One of the most important things to understand about mining Ether is that it’s not just a ‘free for all where everyone gets a share. It’s a competitive process, and as easy as it might be to generate some Ether if you don’t have a powerful system with a high-end GPU, your efforts are likely going to be wasted.

In order to start generating Ether from your mining rig, the first thing you need to do is figure out what type of hardware you’re working with.  If you’re fortunate enough to have a computer with more than one GPU, then all you need to do is fire up the system and get it mining.

Bitmain Antminer E9 (3GH) Buy Guide: How Long Does it Take to Mine 1 Ethereum

An Ethereum mining rig is made of the same components that go into a regular desktop computer.  These parts include a power supply, motherboard, processor, RAM, hard drive, and SSD. Mining works by having your computer run a very intense amount of calculations to create Ethereum tokens. An ASIC rig like Bitmain Antminer E9 (3GH) could speed up the process. For this process, you are rewarded ether which can be traded/sold on exchanges for other cryptocurrencies like bitcoin or fiat currency like USD.

The amount of time it takes to mine one ether depends heavily on how many people (or rather their computers) are currently attempting to mine ether at the same time. The mining speed also depends heavily on the hash rate your rig has. The has rate is the processing speed of your miner. The aforementioned Bitmain Antminer E9 (3GH) has the highest hash rate out of any ASIC miner on the market.

An Ethereum mining pool is a group of people who come together to mine ether using their collective hashing power or hash rate.  The more people that are part of the pool, the greater the chance you have of getting rewarded for your work. There are many pros and cons to joining an Ethereum mining pool, but it generally makes sense because individual miners are usually low power compared to other computers on the network.

Bitmain Antminer E9 (3GH) Buy Guide: Using an Ethereum Mining Calculator

Ethereum relies on mining to produce new tokens.  Every 15 seconds, an Ethereum block is mined (the equivalent of 5 ether). This becomes the reward for the miner who was able to find that specific hash first. They then collect their rewards daily or weekly and also reap the transaction fees of all processed transactions within that time frame.

Currently, mining one Ether takes approximately 3-5 minutes at a hash rate equivalent to 12‑16 MH/s. At this speed, it will take about 1 year and 4 months to mine one complete Ethereum token on your own. You can use a calculator to determine how long exactly it would take you given your current setup. If you are part of a pool with some friends then it may only take a little bit longer.

You can also merge mine other coins while mining ether, but this is not recommended or necessary unless you are looking to diversify your portfolio by giving more than just one token. Mining pools will always yield some kind of reward because it takes effort and time to find that hash, even if you aren’t rewarded in Ether directly. This is the benefit of joining an Ethereum mining pool vs. doing it on your own. 

Bitmain Antminer E9 (3GH) Buy Guide: What You Need to Mine Ethereum

The GPU question is also important because GPUs are designed with the sole purpose of doing math calculations with images and data that go into making games and interactive graphics. A GPU will be able to process transactions faster than a CPU (central processing unit).

ASIC mining is a different form of cryptocurrency mining as it is typically used as a final step to verify ETH transactions. In other words, ASIC miners are designed specifically for ETH mining and cannot mine other cryptocurrencies. An ASIC miner like Bitmain Antminer E9 (3GH) may cost more than an average GPU, but it pays off a lot more in the long run.

It is important to check how expensive your electricity bill is per kilowatt/hour. When you use the Ethereum mining calculator, it will calculate how many kilowatts/hour you need to reach a profitable mining level. That way, if you live in an area with cheap electricity and your power bill is still too high for your budget, you can either move or reduce the number of mining rigs to work more sustainably.

Start Mining With Bitmain Antminer E9 (3GH)

If you’re looking to buy the best miner on the market, Bitmain Antminer E9 (3GH) should be your choice, due to its suitable price, ease of use, and of course, extremely high hash rate. No matter how much or how little experience you have, this is the right crypto mining solution for you.