Bitmain E3 Ethash Miner ASIC (Batch 1 - Shipping:16-31 July. $800 USD)

[BenRickert]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

[madmartyk]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

This dumbass bought 1 at $800 just to screw around with.

[nazzer]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

This dumbass bought 1 at $800 just to screw around with.

Could've bought 2 Eth and made a $400 dollar profit - don't understand why people thought an Eth ASIC was a good idea ...

[Marvell2]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

This dumbass bought 1 at $800 just to screw around with.

Could've bought 2 Eth and made a $400 dollar profit - don't understand why people thought an Eth ASIC was a good idea ...

idiots will be idiots, the only ppl who should be buying hardware not
the cryptos directly are people who have hardware that is in the green and are using
thier profits AFTER paying electricity to buy gear

these get quick rich folks will really feel the burn when the E3s onslaught they helped fund
doubles the diff , making thier e3s a pricy doorstop lol

[BenRickert]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

This dumbass bought 1 at $800 just to screw around with.

pretty big difference between $800 and $2200. I equate that to buying an L3+ at $400 after coupons. Why not? You’ll at least get that back. But $1,200? Not a chance.

[Albortz]

I kinda regret now that I did not buy one at 800$ to play around with it lol

But who knows what bullet i ditched

[Buyingallcoinsz]

But no resale value... which makes things slightly more interesting... If you can recoup 2/3rds of the price on a GPU rig at time of sale, it's a wash.


Yeah you think there is no resale value? Everything has

[greyday]

But no resale value... which makes things slightly more interesting... If you can recoup 2/3rds of the price on a GPU rig at time of sale, it's a wash.


Yeah you think there is no resale value? Everything has

I think the point is: not like gpus. GPU prices fluctuate with BTC value, sure, but their lowest price tends to be MSRP these days for anything made within the last 2 or so years, and often much higher (after 6 months with my 1060s running, I can actually sell them right now, used, for more than I bought them for). So if you're buying from a reputable place, you aren't likely to lose money in the long run, even if you don't mine a day with it.

ASICs are more like cars, they lose value immediately and continue to. Don't believe me? Check out how much a D3 goes for on ebay...

[sjyi]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Even if Ethereum switches over to POS, there are there are other coins that use ethash. Check whattomine.

Now, where will all those GPU farms point to after Ethereum changes over to POS.

[QuintLeo]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Even if Ethereum switches over to POS, there are there are other coins that use ethash. Check whattomine.

Now, where will all those GPU farms point to after Ethereum changes over to POS.

And if you total the network hashrate for all of them *COMBINED*, I'm pretty sure they are well under 20 percent of Ethereum total network hashrate.

There is also the factor that by the time ETH goes full POS, there will be at least one new "even more efficient" generation of cards out from Nvidia, might be a new generation out from AMD, and the E3 is already going to be struggling to compete before the big "profitability falls off a cliff" event happens that the move to full POS will cause.

[Xianantung]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

This dumbass bought 1 at $800 just to screw around with.

Could've bought 2 Eth and made a $400 dollar profit - don't understand why people thought an Eth ASIC was a good idea ...

If it is profitable to mine, and the difficulty is not rising too fast, miner is a good investment.

[dnssandbox]

I'm surprised who would still be buying it. considering you never know when eth team would pull the plug on it after they receive a unit. I just feel its kind of risky to buy them with shady business practice of bitmain going from 800-2200 you never know when the price drop might come

Seems like no matter what  the profit numbers and risk parameters are, some dumbass somewhere will buy it.

This dumbass bought 1 at $800 just to screw around with.

Could've bought 2 Eth and made a $400 dollar profit - don't understand why people thought an Eth ASIC was a good idea ...

If it is profitable to mine, and the difficulty is not rising too fast, miner is a good investment.

This miner was a great investment at $800.00. at the current price, it is still a good investment. it is still cheaper than putting together an equivalent GPU rig, and probably more important to some people... it is basically plug and play.


furthermore, ETH isn't the only coin to mine. Personally speaking, one of the main reasons I got into mining is to mine coins early on that are difficult to purchase, for one reason or another..
I think some of  the people knocking this miner are those who are heavily invested in GPU Rigs and don't want anyone else jumping in the mining pool.

dollars to donuts that as these same people continue to loudly bemoan everything Bitmain releases, call people names for purchasing and try to convince others that the product isn't worth buying, they themselves are purchasing Bitmain miners.

[ruinous]

I'm sure in hindsight everyone here wished they bought a few to mine on or resell at $800. I requested a few from mfb even though they just list btc hardware. We all know when coin prices rise so does hardware price. Ether isn't 3-400 usd anymore, but 2k+ price to ROI isn't anything to write home about and is just average. Be ready for the price gouging come Q3, Q4.

[sjyi]

And if you total the network hashrate for all of them *COMBINED*, I'm pretty sure they are well under 20 percent of Ethereum total network hashrate.

Is there a place where this can be checked?  It would be interesting to see what is what.

There is also the factor that by the time ETH goes full POS, there will be at least one new "even more efficient" generation of cards out from Nvidia, might be a new generation out from AMD, and the E3 is already going to be struggling to compete before the big "profitability falls off a cliff" event happens that the move to full POS will cause.

So how different is this scenario where "even more efficient" GPU card is released for mining compared to a new ASIC miner is released for mining?  Each new technological breakthrough will leapfrog the previous generation/solution.

Whether a new GPU based miner arrives or a new ASIC based miner arrives, the impact to the network is essentially the same. Owners of new miners will enjoy the benefit of "even more efficient" mining while the existing miners are pushed to become "less efficient" miners.  As a small miner I can't compete with those gigantic farms.  For me, it's irrelevant if they are using GPU or ASIC miners.  My mining efficiency keeps on decreasing with a startup of another large mining farm or an introduction of new "even more efficient" miner.

[nazzer]

I'm sure in hindsight everyone here wished they bought a few to mine on or resell at $800. I requested a few from mfb even though they just list btc hardware. We all know when coin prices rise so does hardware price. Ether isn't 3-400 usd anymore, but 2k+ price to ROI isn't anything to write home about and is just average. Be ready for the price gouging come Q3, Q4.

I don't know about others, I just bought coins on the exchange, and sold them for a profit rather than dumping it on ASICs with dubious ROI

[squallw]

6X RX does almost same hash rate with less power consumption.
In my country, is currently cheaper to get 6x RX than import E3 from Bitmain.

And with GPU, we can mine a lot of algos and coins.
With ASIC we can only mine 1 algo and a fork can kill the ASIC like CryptoNight did like Monero.

[spikyz]

what really push the price up to 2200 from 800? is still puzzled me. looks like a marketing technique

[tomwrx]

what really push the price up to 2200 from 800? is still puzzled me. looks like a marketing technique

the ppl who did not buy at 800 $, now will buy at 2200 $ sometimes higher price looks more attractive  

[QuintLeo]

what really push the price up to 2200 from 800? is still puzzled me. looks like a marketing technique

The big jump came after the ETH core development team said they weren't going to bother forking the coin to put a new algorithm in place.
The rest was small, due to the recent coin price resurgence.

[inquirybanjoE]

With a limited time to deliver there are chances that it might not function.