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

[N2DCRYPT]

Power consumption: 800W
Hashrate: 180MH/s

far from profitable for me

getting 157MH/s with 570W from my 5x 1070 GTX

Is that 570w at the wall or in AB? i doubt total at the wall is 570w (maybe with the Ti). 3.63 w/mhs
Yeah these E3's aren't as efficient but I doubt you can get 180 mhs for $800 these days.
of course a lot can change between now and July.

That's definitely doable... I've got a 8x1070 that's 860W at the wall for 240MH/s.

[djquiz]

The end near. Why Bitmain? No human compassion. Money rules your soul. Probably good news for gamers. 

[Gaglam]

Power consumption: 800W
Hashrate: 180MH/s

far from profitable for me

getting 157MH/s with 570W from my 5x 1070 GTX

Is that 570w at the wall or in AB? i doubt total at the wall is 570w (maybe with the Ti). 3.63 w/mhs
Yeah these E3's aren't as efficient but I doubt you can get 180 mhs for $800 these days.
of course a lot can change between now and July.

from the wall.
Power Limit 67%
Core 0
Mem +650

[yrk1957]

So you pony up the money now, Bitmain will use the money to build these and run it for next three months. And send it you when its earns peanuts...


Wonder why they don't have stock already built and ready to ship?

[N2DCRYPT]

popcorn

I can afford to get couple of them and see what happens
imo they will have more resell value later

More resale value As soon as Bitmain releases the next "E4" iteration that's more energy efficient, no one will want these.

[Marvell2]

The end near. Why Bitmain? No human compassion. Money rules your soul. Probably good news for gamers. 

lol, no one is forcing anyone to buy these human greed is what got bitmain to this place of power

if you buy currencies instead of these heaters you will come out ahead

[Za1n]

Horrible ROI for a miner thats months away from release.

180 mh/s is barely 170$ a month. By the time they release it if prices dont go up that miner will be worthless. But yeah GPU mining is dead thats the cost of 2 rx 580

The thing is everyone is comparing it to the current (highly inflated) price of GPUs. If it wasn't for the run-up in GPU prices because something like this wasn't available last year those RX580's would probably be going for $150 each by now, so this would actually be more like the cost of 5 of them.

Sure you have the mobo and other stuff to add to the price, but then again that GPU based rig is more flexible in that it can mine other alogs, including new ones that may come out. Also, as others have pointed out, the GPU rig can be parted out and resold if need be, whereas the ASIC is just a paperweight.
 
So long-term I think this is actually great news, as it isn't quite the GPU killer everyone had feared. It beats out GPU rigs on price alone, but as I stated only because GPU prices are so over inflated right now. Once the E3 hits the market GPU prices will come back down to normal and probably become bargains. At that point I expect you can put together a 6x RX580 rig for closer to $1,100 by then, so it will be a even match considering the GPU rig will have other uses and resale value so worth the extra $300.

[xxcsu]

Power consumption: 800W
Hashrate: 180MH/s

far from profitable for me

getting 157MH/s with 570W from my 5x 1070 GTX

Far from profitable?  How may 1070's can you buy for $800USD?  

exactly ...
....how much you paid for your 5x 1070 GTX cards? and cpu, and hdd, and mem  and mobo and risers ?

Far from profitable?  

[whoismoses]

Are we sure they just didn't confuse which day was April Fools day?

[cashen]

A little different than the F3 specs...

[rdluffy]

I'd love to see ETH fork and make this useless

[Za1n]

So you pony up the money now, Bitmain will use the money to build these and run it for next three months. And send it you when its earns peanuts...


Wonder why they don't have stock already built and ready to ship?

Actually, their stock is up and running right now "testing" the units before shipping. Why do you think it is coincidence that they will be shipping out around the same time the profitability on them drops to where the ROI is almost non-existent. They been playing this game for some time and know what they are doing.

The people who order and pay for them 3 months in advance are using today's calculations on profitability. This is the same reason so many people are still buying overpriced GPU rigs, not realizing that the difficulty will keep going up and profits will keep going down.

Bitmain 1, foolish customers 0 once again.

[DesertMiner]

Everyone saw it coming, yet none was prepared for it unless their stuff reached their break even on December.

So it is true after all, 2x the efficiency of GPU mining.

As more and more miners flood the market (these miners have probably been running for a while on Bitmain's pool), the income of GPU mining will continue to go down.

If we don't see more developers other the Monero team committing to ASIC resistance. GPU mining and decentralization will soon be a thing of history.

[gotminer]

So you pony up the money now, Bitmain will use the money to build these and run it for next three months. And send it you when its earns peanuts...


Wonder why they don't have stock already built and ready to ship?

Oh they do.  But they're mining with them right now.

[mindrust]

They made their move. It is Vitalik's turn now.

I hope ETH changes its algo and make them DOA. Only that would teach shitmain a lesson. Don't think Eth miners will take these news lightly. Bitmain is making new enemies.  

BTW specwise this device is no better than a gtx1070. The problem is its price. Cheap electricity people fill their rooms with these and your GPU's will just die. (If not dead already)

[Sandal_Hat]

This is bad for GPU owners if ETH does not fork.

These days, mining is so dangerous. Something appears out of nowhere to make old mining equipment obsolete.

[rdluffy]

A little different than the F3 specs...

I think that they will launch F3 with better hashrate

[bigjee]

A little different than the F3 specs...

I think that they will launch F3 with better hashrate

for 12000 again? 

[treanski]

bitmain releasing a doorstoper again... this reminds of me something

-> ahh yes monero announced anti asic fork, then they offered CN asics
-> now ETH POS is coming -> bitmain drop their next used machines(doorstopper/heaters) to dumb people

[cryqtovn83]

At this price that's the dead of GPU miners. Now cost only 1/3 and have same hashrate.
Lucky I just sold all of my GPU rigs after 3 months used still profitable. lol