Bitmain Antminer E9 and the Ongoing GPU Shortage
Bitmain Antminer E9
If you wanted to update your hardware in the last two years, you already know about the ongoing GPU shortage of 2021. Ever since the price of popular cryptocurrencies like Ethereum and Bitcoin skyrocketed, finding a good GPU at a normal price has been next to impossible.
Crypto miners and PC-builders are now fighting against scalars that are trying to keep the prices of GPUs high. However, for all crypto miners unable to get their hands on a powerful GPU, Chinese company Bitmain Technology has the solution: the Bitmain Antminer E9 miner.
The GPU Shortage of 2020
Back in Q4 2020, the price of Bitcoin suddenly jumped from $10,000 to record $30,000 (at the time), while Ethereum jumped from $350 to $740. This might’ve been great news for early crypto adopters and investors, but for new miners, not so good.
During the same period, the number of miners significantly increased, which meant increased demand for mining equipment. With most hardware sales nowadays occurring online, scalpers were quickly to join in.
Scalpers use bots to snap up highly sought-after products before the average consumer gets the time to click the “buy now” button. Some of these scalpers aren’t even that tech-savvy. That’s because you can now rent out bots for a couple of hundred dollars.
This artificial surge in demand for graphic cards, lead to an increased need for mining tools like Bitmain Antminer E9.
Can You Get a GPU for Crypto Mining in 2021?
The biggest question on everyone’s mind is will the GPU shortage continue or will it be all over soon? Unfortunately, early predictions say that the shortage will not only last for the entirety of 2021 but that it will also last well into 2022.
For crypto enthusiasts, it’s currently a terrible time to build new mining rigs or to update existing ones. The GPU demand simply outweighs the supply for state-of-the-art graphics cards such as GeForce RTX 3080 and Radeon RX 5700 XT.
What is a crypto miner to do in this situation? The smartest thing to do would be to look into buying a new Application-Specific Integrated Circuit miner, or ASIC for short. An ASIC is a device, which uses special microprocessors for mining a specific cryptocurrency.
If you’re an aspiring Ethereum miner, you need to know about Bitmain Antminer E9.
What is a Bitmain Antminer E9?
As a crypto miner, you want your device to have a high hash rate. If you don’t know, the hash rate is the measuring unit of the processing power of a crypto network. The more hashing power in the network, the secure it will be. Using quality GPUs can ensure your hash rates are high. But you can ensure a high hash rate with a quality ASIC miner.
The Bitmain Antminer E9 can help you achieve record hash rates without the need for looking for overly expensive GPUs. The machine has a 3 GH/s hash rate. The E9 is the successor of the Bitmain Antminer E3. However, the updated version is much more powerful. For instance, the old model only had a 180 MH/s hash rate.
How powerful is the Antminer E9 exactly? To put it in simple terms, to replicate the computing power of the E9 you’d need at least 32 GeForce RTX 3080 cards or 25 RTX 3090 cards. Of course, the Antminer E9 will give you all of this computing power while draining much less electricity. These cards have TDPs of 320 to 350 watts, while the E0 has less than 2,600.
How Can the Bitmain Antminer E9 Help You?
Do you want to take full advantage of the current crypto gold rush? You need the right equipment for the job. GPUs are an option, of course, but they’re not a cost-effective one. Even if you manage to find the RTX 3080 or 3090 at retail prices, you’ll still gave to spend between $27,000 and $37,000 to maximize your mining efforts.
But when you factor in the GPU shortage, you start to realize that finding one of these GPUs at a retail price is a long shot at best. As mentioned before, buying GPUs on the secondary market isn’t worth it. For instance, it’s hard to find the RTX 3090 for under $3,000 on marketplaces like eBay and Amazon. Buying 25 of these could end up costing you $75,000.
Enter Bitmain Antminer E9. This simple, yet powerful, piece of hardware will cost you only $17,000. But is it better than other miners, you might ask? Just consider this: currently, the second most powerful ASIC miner on the market is rated for 2.6 GH/s at over 3,000 watts. The problem is, much slower miners are only a few thousand dollars cheaper.
With the E9, you get a lot more speed and 15% more efficiency at a reasonable price.
What is the Bitmain Antminer E9 Price?
Like any other piece of quality equipment, the E9 has a hefty price tag. For some people, spending $17,000 all at once sounds like a lot. But you have to look at Bitmain Antminer E9 as an investment. Considering how much firepower it provides, how little power it consumes, and how much more it pays off compared to other miners, you can see that it’s a great investment.
Trying to save a couple of thousand dollars on a much slower machine won’t do you any good in the long run. Given the current GPU prices, buying a Bitmain Antminer E9 for $17,000 is a bargain. Invest your money wisely, give your mining rig a performance edge over the competition, and maximize your earnings with Bitmain Antminer E9.
Why Invest in Bitmain Antminer E9?
Let’s face it: the GPU market is beyond salvage at this point. If you’re tired of battling bots and pay over-inflated prices on eBay for soon-to-be-outdated GPUs, you should invest in Bitmain Antminer E9. It’s the most powerful ASIC available today, and if you want to become serious about Ethereum mining, the E9 is the way to go.