Bitmain to Release ETH ASIC Miner

The main feature of Antminer E3 is the support of Ethash algorithm, which is used in Ethereum and a number of other cryptocurrencies
04 April 2018   1203

Leading manufacturer of mining equipment Bitmain officially announced the launch of sales of Antminer E3, ASIC-miner for the Ethereum.

Antminer E3
Antminer E3

The main feature of Antminer E3 is the support of Ethash algorithm, which is used in Ethereum and a number of other cryptocurrencies.

The device hash, "conservatively", is 180MH / s, but the company expects that this figure will be increased in the future. Weight of Antminer E3 - 13 kg, power consumption - 800 watts.

The cost of the new device is $ 800, the expected delivery date from the first batch is July 16 - July 31, 2018. As payment, the company accepts only Bitcoin Cash and USD.

Later in March, Ethereum developer Vlad Zamfir conducted a survey on the idea of ​​potential hardfork, which can make ASIC-miners useless. As a result, more than half of those who voted expressed their readiness to support such an initiative.

Chinese Miners to be Driving Force of Bear Market

Miners are playing short in order to get some profit
07 December 2018   101

As the 8btc notes, the new generation of miners are less likely to keep mined coins, preferring to hedge price risks by opening short positions.

To survive the notorious “cryptocurrency winter”, miners increasingly have to become experts of the financial market and risk managers, using the maximum functionality of trading platforms. Short positions sometimes harm the miners themselves, struggling to maintain profitability.

Everyone is short-seller, we do this for self-defense but that will lead to a further decline in cryptocurrency price… Without short selling, we will be eliminated ultimately, but if everybody keeps doing this, we will finally die together, which is quite heroic.


Miner, China

As noted by jin, he mines cryptocurrency partly on video cards. Miner began operations in October 2017. According to him, in the first two months, Jin Xin earned more than in the past three years in other areas of activity.

However, this year the situation has changed dramatically and the miner had to develop his own strategy for surviving in a bear market. To build capacity, he bought cheaply used GPU farms from those who wished to quit the game. Immediately after the price fell below the break-even point, Jin turned off the farm and sold the video card to video game lovers. After waiting for some price recovery, he again bought up video cards in the secondary market and sold them to miners.