ASIC for Ethereum, the answer to PC gamers' prayers for graphics card shortages

The price of graphics cards that are increasingly crazy in terms of price and stock, continues to beat gamers who have limited stock. But fresh air seems to be blowing, recently Bitmain, a high-power mining tool release, has just released its newest tool, Antminer E3 which focuses on a specific algorithm that Ethereum uses. Why is this a breath of fresh air? one of the graphics cards from the AMD (RX Series) camp had become a month because the profit generated on Ethereum coins at that time was very high.

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How effective is the new ASIC at slaughtering GPU Miner?

Bitmain itself has produced a mining tool with high speed and efficiency which is quite well known, namely Antminer S9, but because this tool can only mine algorithms on Bitcoin, not on other coins such as Cryptonight or Ethereum. This is one of the reasons why the graphics card fever for cryptocurrency is still in great demand. Bitmain’s latest ASIC, named Antminer E3, will reportedly have a speed of 180Mh/s with 800w of power and is priced at only $800!. How effective is this? according to reports from PC Gamer and also jkcrypto.com with the same coin, the AMD graphics card, namely Vega 64, is only able to go 44Mh/s-45Mh/s with 150-250W and also a price that almost touches 14 million rupiah in the market.

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If the price difference is calculated using the Mining calculator, then the Antminer E3 gets a profit of 1.3 million rupiah a day! compared to Vega 64 which is only 270.00 thousand rupiah. But of course the price of the Antminer E3 is not the price when it enters Indonesia, of course there are tax and shipping problems. In the production of Antminer E3 batch 1 only 1 person 1 Asic is limited, so the normalization of GPU prices may still take a long time. Of course, the issue of the emergence of GPUs that use GDDR6 memory will affect the price of graphics cards now, but this graphics card itself will at least not appear in the future.

The effect on the mining fever now

It is possible that ASIC miners on ethereum will not immediately replace the role of miners who use graphics cards. We also need to know that the existing coin algorithm is not only the Equihash algorithm for Ethereum, but there are tons of coins out there. Nvidia itself has made the most of coins that use other algorithms, and those algorithms haven’t been touched by Bitmain’s ASIC technology, but we can increasingly hope that the graphics card price drop will shed some light.

Bitmain itself also released another ASIC, namely Antminer X3 with a speed of the Cryptonight 220kh/s algorithm, if this claim is true then ASIC will also be successful in slaughtering CPU and GPU mining. The price of Bitcoin, which is falling, reaching a 30-50 percent decline in value, of course also accelerates the end of mining using Graphic Cards. But again, this phenomenon will happen again if mining-friendly technology is re-generated by graphics card-producing vendors.