This is the “healthiest” coin miner on the planet: As strong as 25 RTX 3090s, earning 5.5 million per day, selling price 460 million

Antminer E9 looks like a hot commodity to the crypto mining community, seen as a solution to the graphics card shortage

The explosion of Etherum (ETH) coin in recent months has made devices capable of mining this cryptocurrency in great demand. In the context that the ETH price is still peaking, most of the newly launched GPU models from AMD and Nvidia have been bought in large quantities by cryptocurrency miners. Meanwhile, the selling price of a variety of used GPU models also increased rapidly in a short time.

However, the GPU shortage will be somewhat cooled down in the near future, with the appearance of a ‘monster machine’ from Bitmain (China). Accordingly, the world’s leading cryptocurrency mining equipment manufacturer is about to launch a dedicated ETH miner called Antminer E9.

Antminer E9 – Bitmain’s dedicated ASIC miner for ETH mining, with a power equivalent to 25 RTX 3090 combined.

Bitmain Antminer E9 is an ASIC (Application Specific Integrated Circuit) miner dedicated to mining ETH. Notably, the hash rate (hashrate) – a parameter used to evaluate ETH mining power – of Antminer E9 is also very high, up to 3 GH / s.

For comparison, this mining power of the Antminer E9 is equivalent to 25 pieces of NVIDIA GeForce RTX 3090s graphics cards (with a hashrate of about 120 MH/s on the 3090) or 32 pieces of the RTX 3080 (94 MH/s on the 3080) combined. again.

Compared to Nvidia’s current CMP mining GPU, the Antminer E9’s power is equivalent to 115 CMP 30HX (26 MH / s on the 30HX model). Although the power consumption of Antminer E9 is quite large, up to 2556W, it has very good performance, only 0.85 J / M.

With that amount of power, the Antiminer E9 can make around $236 per day with an electricity cost of only about $13 per kWh (average cost of electricity in the US).

Of course, if the hashrate of the machine really reaches 3 GH/s as advertised by Bitmain, the Antminer E9 will become the most powerful ASIC miner on the market today. It even outperforms the Linzhi Phoenix miner, which is considered the most profitable ASIC machine in the world today, with an ETH mining hashrate of 2.6 GH/s. Linzhi Phoenix consumes up to 3000W of power.

This makes Antminer E9 15.3% faster and 14.8% more efficient. Of course, ‘you get what you pay for’, the price of this ASIC machine will certainly not be cheap.

According to some unverified information, Antminer E9 can be sold for more than $ 20,000 / device. Some sources even speculate that it could be as high as $30,000. For comparison, Linzhi Phoenix falls in the price range of $11,300 to $13,700.

Will dedicated ETH miners help the GPU market cool down?

From the perspective of crypto-farmers, if the price of Antminer E9 falls between $20,000 and $30,000, the breakeven time will fall between 85 days and 127 days. It’s definitely a much better investment than buying 25 of the RTX 3090s, which cost around $75,000 on the secondary market, with a breakeven time of up to 311 days – in the case of cheap electricity and price The value of ETH remains the same.

Looking at these numbers, the Antminer E9 looks like an extremely hot commodity for the crypto mining community. A question arises: Will the arrival of specialized miners like the Antminer E9 be seen as a solution to the shortage of graphics cards?

In the context that the ETH price is still peaking, most of the newly launched GPU models from AMD and Nvidia have been purchased in large quantities by cryptocurrency miners.

According to Wccftech, the answer can be yes or no. If Bitmain can produce Antminer E9 in large enough quantities, this machine will make a great contribution to limiting the shortage of graphics cards. Instead of using graphics cards to mine ETH, miners will opt for more powerful and efficient ASIC miners. As a result, end users will be able to get their hands on the latest graphics card models.

However, if analyzed from a practical perspective, Bitmain will most likely not be able to produce Antminer E9 on a large enough scale due to the global semiconductor shortage.

It must also be added that the Bitmain Antminer E9 will have to compete with NVIDIA’s CMP line of crypto-mining GPUs. However, whether this model will capture the majority of the market share or not is not really certain. When the market share is uncertain, Bitmain will not take the risk to produce Antminer E9 in large quantities.

This means that users should expect more ETH to move to version 2.0, which is predicted to make ETH mining with GPUs “a thing of the past” when the PoS protocol is applied. At that time, a large amount of used GPUs may be released by miners to the market to recover capital, causing the selling price of many GPU models to drop sharply.

Refer to Wccftech