The mosit powerful Ethereum Classic ASIC miner, Antminer E9 is made by BItmain. Check the post to get more about Bitmain and Antminer E9.
The eagerly awaited Antminer E9 was finally released on July 6, 2022, according to the maker of cryptocurrency mining equipment Bitmain, who first unveiled the device on April 15, 2021. The machine is being offered by Bitmain for $9,999 per unit and boasts speeds of up to 2.4 gigahashes per second (GH/s).
Let’s now take a closer look at the Bitmain Antminer E9 and its manufacturer.
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Bitmain Launches Antminer E9 for $4.17 Per Megahash
447 days after revealing the Bitmain has now officially released the Antminer E9 mining rig. The company announced the launch on July 6, 2022, and said “[The 2,400 [MH/s] hashrate, 1920W power efficiency, and 0.8J/M power efficiency of the Antminer E9] are all included. E9 is an advanced Ethereum miner that improves mining activities for ETH and ETC.”
The 2,400 MH/s of hashpower used by the new Antminer E9, which uses the consensus algorithm Ethhash, is equivalent to 2.4 GH/s. The E9 is $4.17 per megahash and will be delivered from July 15 to July 31. It costs $9,999 per unit.
The Antminer E9 can be bought with bitcoin (BTC), usd coin (USDC), and tether (USDT), which are tokens derived from Ethereum and Tron. The website states that each account can only purchase a maximum of five units of the new Antminer.
With an estimated electrical cost of $0.12 per kilowatt-hour (kWh) and current ether exchange rates, the new Antminer E9 can earn an estimated profit of about $37.98 per day. The device outperforms Innosilicon’s A11 Pro ETH miner with 1,500 MH/s and the A10 Pro+ ETH miner with 750 MH/s, which are the top two Ethhash compatible rivals.
E9 Launches Ahead of Ethereum’s Proof-of-Stake Transition
The Merge’s impending implementation of Ethereum proof-of-work (PoW) mining coincides with the release of Bitmain’s newest Antminer E9. While The Merge has been delayed on multiple occasions, ETH developer Tim Beiko said he “strongly suggests not investing more in mining equipment at this point.”
Beiko made that statement in April, but on June 4, 2022, at block height 14,902,285, Ethereum’s hashrate reached a record-breaking 1.32 petahash per second (PH/s).
The Ethereum network will completely switch from a proof-of-work (PoW) system to a proof-of-stake (PoS) system after The Merge. ETH miners are still able to mine ETH at this time, but a PoS system is also used by a parallel blockchain called the Beacon Chain.
Miners will no longer be able to mine Ethereum (ETH) after The Merge, but they can continue to mine on the Ethereum Classic (ETC) network. Many believe that after The Merge, the current hashrate that is currently dedicated to the ETH network will switch over to the ETC network.
Antminer E9: Specs and Profitability
In fact, 25 Nvidia RTX 3080 graphics cards can be compared to Antminer E9’s 2,400 MH/s output rate. It is also equivalent to 54 Nvidia GTX 1080Ti graphics cards to help you understand.
It uses 1920 W and achieves an energy efficiency of 0.8 J/MH.
How profitable is mining at such a hash rate?
According to today's market estimates (May 15, 2024), the current price of Ethereum Classic is: $25.55, the Bitmain Antminer E9 (2.4Gh) can mine 0.22939085 ETC per 24 hours, which is a profit of $3.10 per 24 hours if the electricity cost is 6 cents/kwH.Remember that it’s a gross profit because you need to deduct the device’s electricity cost, which varies depending on who you ask.
The miner will start turning a profit after $9,999/$21 = 476 days if the ETH exchange rate and Ethereum network difficulty remain stable. If electricity costs are taken into account, the pay-off period may actually be longer.
Accordingly, if you purchase an Antminer E9, you will also need to mine Ethereum Classic because the ETH network is likely to switch to PoS within 240 days.
Read more about Antminer E9 review.
About Bitmain
Bitmain is a manufacturer of Bitcoin mining hardware and other related services. The team at Bitmain is made up of passionate and accomplished engineers, financial experts, and Bitcoin enthusiasts. Bitmain was founded by some of the first players in the digital currency market.
An advanced Ethereum miner from Bitmain, the Antminer E9, improves ETH/ETC mining operations.
Summary: Antminer E9 is Made By Bitmain
The largest producer of application-specific integrated circuit (ASIC) chips for bitcoin mining is Bitmain, who created the Antminer E9. The Antminer E9, which has a superior power consumption to price ratio, is the most potent and effective Ethereum mining ASIC in the world.
How do you feel about Antminer E9 from Bitmain? Comment below with your thoughts on this topic.
FAQs
Who is the Manufacturer of Antminer?
Bitmain Technologies Limited
Technology company Bitmain Ltd., is a privately owned company headquartered in Application-specific integrated circuit (ASIC) chips for bitcoin mining are created in Beijing, China.
What is Bitmain Antminer E9?
The Bitmain Antminer E9 provides the lowest price per hashrate for Ethereum mining with a power efficiency of 0.8J/M, utilizing the Ethash algorithm for mining ETC/ETH. 25 RTX 3080 graphics cards fit into the Bitmain E9.
Is Antminer E9 Available?
The Bitmain Antminer E9
With a power consumption of 1920W and an efficiency of 0.8 J/M, the Antminer E9 is the most powerful Ethereum and Ethereum Classic miner available.
How Much Does Antminer E9 Make a Day?
Of course, if you calculate the net profit, you also need to deduct the cost of purchasing the mining machine.
If you choose to host the miner, you will also need to deduct the hosting fee.
