On July 6, crypto mining rig maker Bitmain announced the launch of the much-anticipated Antminer E9, after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 GHz per second (GHz/s) and Bitmain is selling the device for $9,999 per unit.
Bitmain Launches Antminer E9 for $4.17 per MegaHash
447 days later exposure Antminer E9, Bitmain has finally launched the product. company announced Launched on July 6, 2022, and said “[The Antminer E9] 2,400. Equipped with a hash rate of [MH/s], 1920W power efficiency, and power efficiency of 0.8J/M. E9 is an advanced Ethereum miner that enhances ETH/ETC mining operations.”
The new Antminer E9 consensus algorithm leverages Ethhash and has a hashpower of 2,400 MH/s equivalent to 2.4 GH/s. At $9,999 per unit, the E9 is $4.17 per megahash and will be delivered July 15-31.
Interested buyers can purchase Antminer E9 with Bitcoin (BTC), USD Coin (USDC) and Tether (USDT) tokens that originate from Ethereum and Tron. According to the website, there is a maximum of five units per account that can purchase the new Antminer.
The new Antminer E9 could achieve an electricity cost of around $0.12 per kilowatt-hour (kWh) and an estimated profit of around $37.98 per day using today’s ether exchange rates. The machine beats the top two ETH compatible competitors which include Innosilicon’s A11 Pro ETH miner with 1,500 MH/s and A10 Pro+ ETH miner with 750 MH/s.
E9 Launches Ahead of Ethereum’s Proof-of-Stake Transition
Bitmain’s latest Antminer E9 comes at a time when Ethereum proof-of-work (PoW) mining is nearing the end of the road with The Merge. Although the merge has been delayed on several occasions, ETH developer Tim Beiko said he “strongly suggests not investing too much in mining equipment at this point.”
While Biko made that statement in April, Ethereum’s hash rate reached an all-time high at 14,902,285 block highs on June 4, 2022, when the hash rate reached 1.32 petash per second (pH/s).
When the merger occurs, the Ethereum network will switch to a completely proof-of-stake (PoS) system instead of using PoW. Currently, ETH miners can still mine Ether but there is also a parallel blockchain called Beacon Chain which runs a PoS system.
After The Merge, miners will no longer be able to mine Ethereum (ETH), but miners can mine on the Ethereum Classic (ETC) network. Many expect that the current hash rate that is dedicated to ETH today will converge on the ETC network after The Merge.
What do you think of Bitmain’s Antminer E9? Tell us what you think about this topic in the comment section below?
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