Is the Bitmain Antminer E9 Price Really Worth It?

The Bitmain Antminer E9 is the latest product of this company that has built its reputation on producing top-of-the-line ASIC miners for Bitcoin mining. The new Power Supply Unit (PSU) provides more power than ever before, but will you see a return on your investment? By the end of the article, you’ll know if the Bitmain Antminer E9 price is acceptable or not. Without further ado, let’s start.

Making Long Term Mining Investments

When it comes down to raw numbers, the Bitmain Antminer E9 blows away other mining hardware in terms of hash rate per watt. It currently offers a staggering 3 GH/s while operating at 2,566 watts. This is more than double the hash rate offered by other hardware, which makes it a very enticing product for miners.

Whether or not the Bitmain E9 pays off in the long term really depends on how much you are paying for your electricity. If you have cheap power, then the E9 will likely pay itself off quite quickly. If electricity cost is your biggest concern about mining then this may well be one of your best options.

People Behind the Bitmain E9

Since the Antminer E9 is a product of Bitmain, it goes without saying that they are known for their excellent ASIC mining hardware. They have been in the business of developing these devices for several years now and have produced industry-leading miners, all while staying competitive with rivals.

The new Bitmain power supply unit has already garnered plenty of attention from the Bitcoin mining community who are interested to see if this new device lives up to expectations. At its core, this PSU is an upgrade to the E3 by Bitmain which was already considered one of the best on the market. 

Why Are Bitmain Products So Popular?

Bitmain has been a respected name in the ASIC mining world for years now, and that is because they have always provided excellent products. For example, their Antminer S9 unit was designed to offer the most reliable performance while keeping power consumption low to maintain long-term profitability.

The company does not manufacture any hardware themselves; rather they provide both the chips and boards necessary to make up an Antminer device. This may be one of the reasons why they are able to effectively compete with much larger companies when it comes to producing ASIC miners.

Is the Bitmain Antminer E9 a Game Changer?

Just because something is called a game-changer does not necessarily mean that it will have a profound impact. In this case, however, most experts seem to agree that the new Bitmain PSU fulfills its promise as a top-of-the-line product for Bitcoin mining. In particular, the E9 is noteworthy due to its ability to achieve high hash rates while using less power than comparable hardware. 

The new Antminer power supply unit is already available for purchase through several different retailers. The Bitmain Antminer E9 price is $17,000 (excluding shipping) which is quite steep, but also understandable given its specifications. While this may not represent good value for individuals who are only getting into mining due to the current Bitcoin price increase, if you have an established operation it could be worth looking into.

It goes without saying that this PSU gives you more bang for your buck than most hardware on the market, with double or even triple the hash rate/watt ratio of rival products.

Bitmain Antminer E9 Potential Earnings

We’ve established that the E9 is extremely powerful and that it doesn’t require as much energy as some of the other miners in the same price range. These facts alone make it a good investment and justify the Bitmain Antminer E9 price. However, you’re probably wondering, how much money can you make using the E9?

The short answer is a lot. The long answer? Well, you need to continue reading to discover that.

For starters, we should discuss the Bitmain Antminer (3GH) price. As we mentioned before, it costs a lot less than initially thought. Some media outlets thought that the price would as twice as much as it turned out to be. Nonetheless, the price tag of $17,000 isn’t low for most people. How much time do you need to start making a return on your investment?

To answer that question, we need to take a look at the potential money you can make. Of course, the amount of money depends on a couple of reasons, including:

  • How much experience have you got
  • How quick can you pay off your investment
  • The price of electricity in your country or state

The last reason is possibly the most important one. If electricity is reasonably priced in your country, which would be $0.15 kWh or lower, you can make a healthy profit in a short period of time. Keep in mind that in most parts of the world, the price is lower than that.

With 3GH/s of hash power, the E9 can allow you to make $200 a day. That amounts to some $6,000 a month. Considering the current price of the E9 model, you can start making a profit in just three months. After that, every cent you make is pure profit.

Remember, you’ll pay off your miner in that amount of time if electricity is $0.15 kWh. Keep in mind that the average price of electricity in the United States is $0.13 kWh. That means you can pay off your rig in a shorter amount of time.

Before you purchase the E9 and set it all up, make sure to check the average electricity costs in your region, so you can calculate how long it will take for you to pay your rig off.

Should You Mine Ethereum Solo or a Part of a Pool?

Another question many people ask themselves is should they start mining Ethereum on their own or should they join a mining pool? Per hour, your mining rig can mine around 0.0025 Ethereum, which amounts to 0.059 Ethereum mined every day.

Another thing to consider is the mining rewards. If you’re mining Ethereum on your own, it takes almost 34 days to solve 1 block with Bitmain E9. On the other hand, on average, it takes less than 17 days to mine 1 ETH.

Of course, this doesn’t answer much. You’re probably still asking, is it better to mine Ethereum alone or with other miners, as a part of a pool? Look at it like this:

  • Pooled mining is more secure, however, it produces a much lower revenue
  • Solo mining is more erratic, but it can potentially make you a lot more money

You should make your decision based on how much risk you’re willing, and more importantly, how much of it you can take. Also, you need to have a strong machine if you want to mine solo. Never try solo mining with less than 100MH/s.

Luckily, the Antminer E9 is much stronger than that, which means, it gives you a choice of mining solo or as part of a mining pool.

Is the Bitmain Antminer E9 Price Justified?

When it’s all said and done, should you buy the new miner from the famed Chinese crypto company? You should definitely invest in the Antminer E9 if you want to:

  • Have the most powerful ASIC mining that you can
  • Enter the Ethereum mining market for the first time
  • Stop relying on overpriced GPUs to mine Ethereum
  • Start making at least $6,000 on a monthly basis
  • Help solve the ongoing GPU shortage

No need to overthink it. This ASIC miner will give you a ton of power and allow you to mine more ETH than you ever did before. If you prefer working alone or you want to become a part of a large mining farm, a cost-effective miner like the E9 will help your cause.

If you’re looking to buy the E9, you better hurry up. When you consider the Bitmain Antminer E9 price and power, you can’t expect it to stay on the shelves for long.

The Bottom Line on Bitmain Antminer E9 Price

To end the article, we need to sum everything up. What makes the Bitmain Antminer E9 stand out in this competitive market? There are a few factors that make it one of the best choices for a mining right now. Starting off, the E9 offers a hash rate that is double that of other hardware while operating at 2,566 watts. That is pretty impressive.

What’s more, Bitmain has been doing this for years and they’re constantly looking to get better which fans hope translates into more reliable units down the line. Sure it’s pricey at $17,000 but you do get what you pay for in this case. This PSU does not compromise on performance or power consumption which means it will be worth its price tag in the long run.