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On July 6, crypto mining rig manufacturer Bitmain announced the launch of its highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahashes per second (GH/s), and Bitmain is selling the device for $9,999 per unit.
Bitmain Launches Antminer E9 for $4.17 per Megahash
447 days after unveiling the Antminer E9, Bitmain has finally launched this product. The company announced the launch on July 6, 2022and stated that “(Antminer E9) has a hash rate of 2400 [MH/s], power efficiency of 1920W, and power efficiency of 0.8J/M.” E9 is an advanced Ethereum Miner that enhancesETH//ETC mining operations.”
NewAntminer E9leverages the consensus algorithm Ethhash, with 2,400 MH/s of hash power equaling 2.4 GH/s. Each E9 costs $9,999, $4.17 per mega hash, and delivery is scheduled for July 15-31 days.
Interested buyers can purchase Antminer E9 with Bitcoin (BTC), USD Coin (USDC), and Tether (USDT) tokens derived from Ethereum and Tron. The maximum number of new Antminers that can be purchased is 5 units per account.
The new Antminer E9 costs about $0.12 per kilowatt-hour (kWh) of electricity and can fetch an estimated profit of about $37.98 per day using today’s Ether exchange rate. This machine outperforms the top two Ethhash-compatible competitors, including Innosilicon’s A11 Pro with 1,500 MH/s Innosilicon’s ETH Minor and A10 Pro+ Minor with 43} ETH Minor with 750 MH/s was.
E9 launched prior to Ethereum’s Proof-of-Stake transition
Bitmain’s latest Antminer E9 comes at a time when Ethereum’s proof-of-work (PoW) mining is nearing its end with The Merge, which has been delayed several timesTimmy, developer of ETHTim Beiko, developer of ETHsaid, “I strongly recommend not investing any more in mining equipment at this point.”
While Beiko made that statement in April, Ethereum’s hash rate hit an all-time high on June 4, 2022 with a block height of 14,902,285 with a hash rate of 1.32 petahash per second (PH/s).
Once The Merge takes place, the Ethereum network will fully transition to a Proof of Stake (PoS) system instead of using PoW. Currently,ETHminers can still mine ether, but there is a parallel blockchain called the Beacon chain that runs the PoS system.
After The Merge, miners will no longer be able to mine ethereum (ETH) in the future, but miners can still mine on the ethereum classic (ETC) network. Many expect the current hash rate dedicated toETHto migrate to theETCnetwork; the ETCnetwork will migrate after The Merge.
Image credits: Shutterstock, Pixabay, Wiki Commons
