Bitmain Releases EtHash ASIC Miner
Cryptocurrencies

Bitmain Releases EtHash ASIC Miner

Bitmain, the Bitcoin mining hardware manufacturing firm has finally released the much-rumored Ethash ASIC miners. According to their tweet dated 3rd April 2018, the new EtHash ASIC miner, Antminer E3, is the world’s most powerful and efficient EtHash ASIC miner.

You can get yourself an Antminer E3 at just 800 USD. The only problem with the miners is that they aren’t available in China and can’t be shipped to Macau, Hong Kong, or Taiwan. So if you live in those locations, you might have to wait for a while for the product to be available in your location.

Also, for the first batch, Bitmain only accepts USD and Bitcoin Cash (BCH) for the payments. So if you don’t have these payment options available, you might have to wait for the second batch or the batches after that.

The crypto community had been waiting eagerly for the release of Bitmain’s new mining hardware for a long time. Rumors had been circulating in the crypto community that Bitmain would be releasing a new EtHash ASIC miner soon. The tweet confirmed their rumors and sent a wave of enthusiasm through the crypto community.

EtHash, the Proof-of-Work (PoW) hashing algorithm which Ethereum (ETH) uses. The hashing algorithm has been used by a wide variety of other altcoins as well.

The crypto community had almost abandoned mining cryptocurrencies since it wasn’t profitable anymore. With the prices of all cryptocurrencies coming down considerably since the last year’s peak, miners are finding it difficult to even break even.

Now, however, the situation is improving a lot. Bitcoin, Ethereum and a lot of the other cryptocurrencies are starting to see a steady growth in the last few days.

Bitmain had already surpassed Nvidia, the famous GPU manufacturer from the US in terms of profits. With an estimated earning of around 3 to 4 billion USD, Bitmain took up 70 to 80 percent of the total market of BTC miners and ASICs.

With Bitmain’s Antminer E3, and Intel’s Bitcoin Mining Chip Accelerator, mining is expected to be back in fashion soon. It is also expected that people would start mining aggressively again.

Leave a Response

Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.