Everything You Need to Know About Bitmain Antminer E9
All About Bitmain Antminer E9
For crypto enthusiasts around the globe, the last couple of years we’re somewhat difficult. More than somewhat. The worldwide GPU shortage has made building a mining rig and entering the market nearly impossible for people looking to invest their time and money into crypto.
But things aren’t looking that bad thanks to a newly reelected ASIC miner. The Bitmain Antminer E9 is a new ASIC miner, created specifically for the Ethereum network. At the moment, it’s the fastest and the most powerful Ethereum miner available.
Today, we’re going to look at Antminer E9 and tell you everything you need to know about it.
What is ASIC Mining?
ASIC stands for Application-Specific Integrated Circuit. It’s a specially designed machine for the sole purpose of mining crypto coins. Unlike GPUs, ASICs are created and optimized for just a single function, mine cryptocurrencies. They’re more powerful than GPUs, but come at a higher cost and require more electricity to work at a full capacity. Over the past few years, ASIC mining has become a lot more popular, especially among Ethereum miners.
Who is the Creator of Bitmain Antminer E9?
Bitmain is a Chinese company that manufactures crypto mining hardware and provides other, related services. The company was originally founded back in 2013 by several early crypto adopters. Their team consists out of experienced engineers, financial experts, and big-time crypto investors. The Antminer E9 isn’t their first ASIC Ethereum miner.
How Fast is Bitmain Antminer E9?
The new miner in the Antminer line is the most powerful Ethereum miner in the open market, by far. Just a few years ago, the best Ethereum miner could only process has a rate of 750 MH/s. The Bitmain Antminer E9 is a much faster machine, which can pull more than 3 GH/s of hash rate. It’s the most powerful ETH miner to be released in 2021.
Is Bitmain Antminer E9 the Fastest ASIC Miner?
Yes, the Antminer E9 is by far the fastest ASIC miner out today. At the moment, the second-fastest miner only has a hash rate of 2.6 GH/s. Not only that, but it requires a lot more power to work. The Bitmain Antminer E9 uses roughly 2,556 watts, while others, comparable miners need well over 3,000 watts to function. That means, that the E9 can mine Ethereum 15% faster than the second-fastest miner out there while using less electrical power.
How Much Power does Bitmain Antminer E9 Have?
To produce the same results as the Antminer E9, one would need to buy either 32 GeForce RTX 3080s or 25 Ge Force RTX 3090s. Not only is that a much larger investment, but it would also cost you a lot more to run all of these cards at the same time, not to mention it would require you more space to keep them.
What’s the Bitmain Antminer E9 Cost?
When first announced, most experts predicted that the Antminer E9 would cost anywhere between $20,000 and $30,000. When you consider how much power the machine packs, that price would seem to make sense. However, it turned out that the E9 comes with a much lower price tag. You can buy Bitmain Antminer E9 for only $17,000, plus the shipping costs. When
What’s the Average Bitmain Antminer E9 Profit Margin?
The E9 might cost a lot less than initially predicted, however, it’s still a big investment. How long will it take you to see a return on your investment and how much money can you make? Depending on your location, the E9 can help you make between $200 and $250 a day. That’s after you deduct electricity costs. That means it will take you between 2 and 3 months to pay your rig off completely, and start making money.
How Does it compare to Bitmain Antminer E3?
As many of you know, the Antminer E9 isn’t the first Ethereum miner Bitmain produced. In 2018, the Beijing-based company introduced the world to the Bitmain Antminer E3. This old version could only process around 190 MH/s. That means, that you can only achieve between $4.3 and $4.4 a day in Ethereum profits using the Antminer E3. Although it has a much lower price, the E3 is simply obsolete in 2021, and there’s no point investing in it. To make money, you should instead invest in the Antminer E9.
Should You Invest In ASIC Mining?
The Ethereum chain is slowly turning into a PoS, or Proof of Stake, blockchain model. In the past, the network used the PoW or the Proof of Work model. Machines based on this model will soon become obsolete. If you want to make the most out of your mining operation, now’s the time to invest in an ASIC mining machine like the Bitmain Antminer E9. Keep in mind, these miners are selling out at the same speed as high-end graphics cards. If you want to get in on the action, you better do it as soon as possible.
Is This the Death of GPU Mining?
While the Bitmain Antminer E9 might not force every miner out there to stop using GPUs to mine Ethereum, it will help steer several newcomers away from it. As more models come to the market, mining ETH on graphics cards could become obsolete in the next couple of years.
Why Should You Buy Bitmain Antminer E9?
The price of Ethereum is at an all-time high. That trend isn’t showing any times of slowing down. In fact, the price will probably go up in the next few months. If you start mining Ethereum using cutting-edge technology, you’ll be able to make a healthy profit. Invest in an ASIC mining machine like the Bitmain Antminer E9 and strike while the iron is hot.
While we can’t claim for sure, it seems like the Bitmain Antminer E9 is going to introduce a new wave of machines that will help crypto miners maximize their efforts and free up GPUs for other popular pursuits like design, editing, and gaming, among others.