antminer e3 profitability newest ethereum miner from bitmain how does it compare

[jabby]

antminer e3 profitability is it worth it? This is the newest ethereum miner by bitmain. I thought ethereum was supposed to be asic resistant? Newest asic miner?

Here is a link to the video:
https://www.youtube.com/watch?v=Er3HZLuvIu4

What are your thoughts? I want to know.




Here is a link to the Antminer E3 from bitmain:
https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7&utm_source=mass%20email&utm_medium=email&utm_campaign=e3-announcement










***I am not a financial adviser. This information is for educational purposes only. ***

If you want to join the FaceBook discussion group:

https://www.facebook.com/Minerdigi-20...

Follow me on twitter: https://twitter.com/minerdigi

Follow me on instagram: https://www.instagram.com/minerdigi


For live bitcoin prices and my bitcoin blog goto my website at.

www.bitcoin-digi.com

[thedreamer]

Orders won't be shipped until bitmain mined the hell out of them after end of july. By then it'll be either pos or a new algo. Vitalik won't let eth get ruined by asics.

[fanatic26]

Vitalik won't let eth get ruined by asics.

Yea he'd rather go proof of stake so him and his buddies can work the rich get richer scheme. ETH is run by a bunch of unethical money hungry devs.

[ccgllc]

Yea he'd rather go proof of stake so him and his buddies can work the rich get richer scheme. ETH is run by a bunch of unethical money hungry devs.

Not to mention its current Proof-of-Work is completely dependent on GPU manufacturers coming out with newer cards with more memory.  Risky at best.  (Just ask those folks with a few year old 2GB memory cards...)

[Dudukian]

The E3 only hashes 180 mh/s .     All of my rigs do more than that .    It has greater efficiency and much lower cost.  Don't see a problem .   

The gamers can get their toys back as well.

[Vann]

As i expected the Bitman ETH 'ASIC' is underwhelming relative to all the hype and FUD. The main advantage it has is a much quicker ROI due to the lower cost compared to a similar performing GPU rig, but only for Ethash. A rig offsets that advantage with the ability to mine different algorithms, having a good resale value and a much better warranty. IMO a GPU rig is  a better long term investment for most miners. The Bitmain E3 should appeal mostly to large scale farms.

[m.vina]

Don't forget, the bitmain clearly states:

"These are the conservative estimates. We expect the miners to deliver higher performance and efficiency when they are ready to ship."

Meaning we could see greater efficiency from them after all. What i'm actually curious about is the noise. Will it be as noisy as the S9?

[Suslived]

Read and copy-pasta-ed this comparison of pros and cons for the E3 ASIC from somewhere. Added some of my own notes as well:

Pro - 'Might' decrease GPU and other component prices to msrp
Pro - Cheaper Hashrate to Dollar hardware cost
Pro - Better space efficiency
Pro - Less miner configuration (bios modding, overclocking, and other crap like that) than GPU rigs

Con - Cannot mine other coins like GPUs can
Con - Not any more efficient than current GPUs
Con - Most likely outdated when received due to Bitmain using F3s
Con - Very little resale value
Con - Coins could get forked to be anti ASIC and it becomes almost useless
Con - Gives Bitmain even more power

Overall, its probably not even recommended.

[saulscmit]

With Eth planning to switch to PoS & DAG File limits, it's deminishing returns tbh. As a gamer, I begrudge the extortionate GPU prices, but if you're already mining with GPU rigs then you'd be better to do that. In the long run it's better to send $1500/£900 on a overpriced 1080ti and mine something like Zcash or Hush as you'll make your money back within about 10-14 months (depending on winning silicon lottery).

I'm still mining on my GTX 970 right now and it's profitable (2.01 Sol/W - zcash). Heck buying second hand cards for cheap on auctions is probably better ROI wise than building a rig with new cards...let alone the E3.

[Castba]

What i'm actually curious about is the noise. Will it be as noisy as the S9?

Certainly seems that way.
https://www.youtube.com/watch?v=nE_Tbxg_KP8

[spikyz]

the price is enticing, however the 3  months wait really risky...

but then, the rewards are those willing to risk it.

[jabby]

I think the 3 month waiting time is beyond risky, I agree with you guys 100%

[Andartis]

Price went up? This dies not make sense...

[roc-noc]

Price went up? This dies not make sense...

It does make sense if Antmain wants to mine and take more profit on the smaller number that they sell.

[crairezx20]

E3 is too cheap and high hashrate compared to single GTX 1080ti.
The price is just like a single 1080ti and this card can make around 40mh/s to 52mh/s based on my experienced but the e3 is too cheap with 180mh/s.

And I think they don't tolerate those developers to make an ASIC miner for ethereum because they said that ethereum is ASIC resistance as they promise.

[roc-noc]

E3 is too cheap and high hashrate compared to single GTX 1080ti.
The price is just like a single 1080ti and this card can make around 40mh/s to 52mh/s based on my experienced but the e3 is too cheap with 180mh/s.

And I think they don't tolerate those developers to make an ASIC miner for ethereum because they said that ethereum is ASIC resistance as they promise.

At $800 it WAS too cheap but at the current cost of $1876 plus power supply, plus shipping it ends up at about $2200 USD delivered in the US.  With unknown tariffs in the future, it could be even more.  I think it is priced right.

The E3 180 mh/s spec is equal to about six GTX 1070 GPUs or six AMD Rx 580 GPUs with the right BIOS tweeks.  With careful shopping, you can purchase those six AMD graphics cards for $2200 new or the six GTX 1070 cards for $2200 on the used market.   

Add the motherboard, CPU, RAM, power supply, case, and nvram for linux mining OS, for about $350 more.

So the six card GPU rig can be built for $350 (15%) more than the Antminer E3, and runs quieter, cooler, and is much more flexible than the Antminer E3.   We don't worry about ASIC resistant forks with the GPU rig.

The unknowns with the Antminer E3 are how fast can it be driven with overclocking, and how low will the price go in future Bitmain batches.  We will soon get an answer to the overclocking question.  The pricing and success will play out over the next year.  I do hope that Bitmain publishes shipping information for the E3 like they just did for the Z9 mini.  That was refreshingly honest of them.

[jabby]

Agreed