Beijing-based crypto mining {hardware} producer Bitmain is launching a new mining mannequin on the Ethereum community.
The agency announced on Friday that its AntMiner E9 is coming quickly, which will probably be an software particular built-in circuit (ASIC) miner that runs on the Ethash algorithm.
This transfer comes amid surging mining revenues on Ethereum, which has already pushed up costs for each basic purposed graphics processing unit (GPU) in addition to ASIC mining tools.
But Bitmain has but to launch the costs and tech specs for E9, which builds on its AntMiner E3 that was launched in 2018.
It’s not clear how quickly Bitmain will probably be ready to launch the mannequin to the market with cargo particulars because the world is going by way of a chip scarcity at a world scale.
The most generally used Ethereum ASIC miner in the marketplace is the A10 Pro made by Wuhan-based producer InnoSilicon, which has a computing energy of between 500 to 750 megahashes per second (MH/s), relying on the precise variations.
Quotes posted by Chinese mining {hardware} resellers present that even second-hand A10 Pro with a 500 MH/s of hashing energy might change fingers at over 70,000 yuan, or practically $11,000 per unit.
An A10 Pro with a 500 MH/s of computing energy is ready to produce $55.91 on Ethereum mining income with a 98% gross revenue margin, knowledge from F2Pool’s miner profitability index shows.
According to The Block’s knowledge dashboard, Ethereum’s month-to-month mining income has been going up since October and reached $1.38 billion in March.
