Post
Topic
Board Mining (Altcoins)
Re: What happened to GPU mining (late March 2018)?
by
QuintLeo
on 03/04/2018, 22:14:52 UTC
And it turns out that the F3 shown in that video is apparently NOT an ETH ASIC miner.

Bitmain released their E3 today for preorders - delivery NOT 'TILL MID JULY (indicating that they do NOT have many units on hand).

180 Mhash
800 watts

(they CLAIM these are minimums, but they'd have to do a TON better to change the below commentary).


About the same hashate and same power draw as a well-tuned 6-card  RX 480/580 "BIOS modded for memory straps" rig.
Slightly LESS hashrate and slightly MORE power draw than a well-tuned 6-card GTX 1070 rig.
NOT exactly a GPU mining killer.

Note that they would have to sell well over ONE MILLION of these units to achieve 50% of the current ETH network hashrate.
For perspective, current Bitcoin network hashrate equates out pretty closely to 2 Million S9 units (but PART of that hashware is LW.COM internal-usage miners, some is Avalon 721/741 units, some is EBang miners, et cetera - Bitmain PROBABLY has sold a total of ONE MILLION S9 units but it took them almost 2 YEARS to manage that despite having THE best performance miner on the market).

The E3 is NOT a GPU mining killer - in fact, I doubt it's going to make much more than a SMALL DENT in ethash mining profitability before ETH goes Proof of Stake and the REAL shakeout happens.

On the positive side, they DID get the price at $800 to a reasonable level, and probably WILL sell as many of these units as they choose to make since that's a LOT cheaper than building a GPU rig that can match the performance.