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

[DevelopmentBank]

better cards that can be much more profitable. and more algorithms can be used

I believe the flexible ability to mine different algos/coins is what people are missing when thinking of buying this ETH ASIC. Don't forget that you can mine new coins on their first day of launch and earn more profits than you ever would once they become mainstream. Being stuck mining ETH or ETC for all eternity is not such a good thing really.

[Metroid]

I believe the flexible ability to mine different algos/coins is what people are missing when thinking of buying this ETH ASIC. Don't forget that you can mine new coins on their first day of launch and earn more profits than you ever would once they become mainstream. Being stuck mining ETH or ETC for all eternity is not such a good thing really.

better to buy those coins than having a gpu or asic miner for that matter, mining is overrated as long as price of coins are cheap which is at moment.

spending any amount on miners at moment is pointless cause you can get x times the money invested if you simply buy the coin.

[teskostecenje]

better cards that can be much more profitable. and more algorithms can be used

I believe the flexible ability to mine different algos/coins is what people are missing when thinking of buying this ETH ASIC. Don't forget that you can mine new coins on their first day of launch and earn more profits than you ever would once they become mainstream. Being stuck mining ETH or ETC for all eternity is not such a good thing really.

Or if mining ever stops being profitable you can just use move to virtual reallity thx to all that mining gear Its not just more algos thx to gpus but also they have some kind of resale value unlike asics and you get at least 2 year warranty....

[rdluffy]

Hey Guys, let's buy every Asic Bitmain produces to help him dominate cryptos

And don't forget to buy and use BitcoinCash

Jihan and his friends are very worried about decentralization and they want us to gain a lot of money with then, together

[m.vina]

better cards that can be much more profitable. and more algorithms can be used

I believe the flexible ability to mine different algos/coins is what people are missing when thinking of buying this ETH ASIC. Don't forget that you can mine new coins on their first day of launch and earn more profits than you ever would once they become mainstream. Being stuck mining ETH or ETC for all eternity is not such a good thing really.

Or if mining ever stops being profitable you can just use move to virtual reallity thx to all that mining gear Its not just more algos thx to gpus but also they have some kind of resale value unlike asics and you get at least 2 year warranty....

Word. VR parties and VR for rent could be a lucrative business after the mining craze. Imagine selling to companies who usually buy their employees random treats every month. I'm pretty sure having free VR sessions during lunch time would be something employees love. If that doesn't work you can also use VR to sell stuff (try on clothes, look at condo units, etc.). You just need good devs.

[patandem]

The bitmain is a horrible company. The cost initial was US$800 and now are US$1.800, but in the other Asics, down the cost.

China and Russia are country communist and want the Earth domination.

[Baraban66]

With such a price, the ROI decreases. If Vitalik in August says that fork will be? What will happen? Will it be a heap of scrap metal? Again the uncertainty

[Yasmonsan]

The bitmain is a horrible company. The cost initial was US$800 and now are US$1.800, but in the other Asics, down the cost.

China and Russia are country communist and want the Earth domination.

If the Bitmain sells the E3 more expensively, other ASIC manufacturers will produce, so there will not be Bitmain dominance.

[QuintLeo]

Or if mining ever stops being profitable you can just use move to virtual reallity thx to all that mining gear Its not just more algos thx to gpus but also they have some kind of resale value unlike asics and you get at least 2 year warranty....

Move them to scientific research, like some of the Berkley (BOINC) research projects.

[QuintLeo]

Yea, but check out the new price on the L3+

$462?

I smell a "new node" Gigahash Bitmain miner announcement in June for Scrypt.

Guess they got tired of being beat on efficiency by the A4 and matched/beat by the L21 - or more likely slowing sales of the S9 have left them some "available space" to order current-node chips for something else they've been working on for a while.

Dam $462, that might be the sign of the last squeeze before a new scrypt miner announcement.  Getting every last drop.  I guess not so bad with a coupon i mean even at a 100% loss its doable for someone looking to mess around with a miner.

It's significantly better than a D3 or V9 based off current earnings for both miners (through Nicehash's calculator) at $0.10/kWh (both are in the red), no ASIC Bitmain currently offers really beats the L3+ at this price point. Wouldn't be a bad miner to introduce people to mining or how to set up miners in general, and at lower electrical costs this thing could potentially be quite profitable. Plus these things are supposed to deliver in just a week or two, not bad at all.

I also agree there's got to be a new Scrypt miner coming from Bitmain soon- there's no reason that they'd drop prices this steeply without something new coming soon.

Since we are already so far off track, I just noticed the X3 has sold out as well. Could just be Bitmain removing all stock on their site, I find it unlikely that anyone would buy that $2000 heater that also happens to ship in May.

I'm more worried about another BIG hashrate jump, like the one Litecoin had in mid-December where total network hashrate almost DOUBLED in a bit over a week.
Even without factoring "new miner" and that big hashrate jump into the equation, and just looking at average hashrate growth this year, I'm not sure if a L3+ will pay itself off before it become uneconomic to operate even at the new low price and MY very low electric cost.

[adaseb]

With such a price, the ROI decreases. If Vitalik in August says that fork will be? What will happen? Will it be a heap of scrap metal? Again the uncertainty

He didn't say anything about a POS fork. He just said that Casper will be fully functional only on the test net.

Then they need to run it for like a year to make sure it's stable and fix any bugs.

No idea when the actual hybrid Pow Pos will happen however.

[BenRickert]

The bitmain is a horrible company. The cost initial was US$800 and now are US$1.800, but in the other Asics, down the cost.

China and Russia are country communist and want the Earth domination.

If the Bitmain sells the E3 more expensively, other ASIC manufacturers will produce, so there will not be Bitmain dominance.

Too late.....Bitmain Dominance has been achieved.

[nsummy]

POS is a complete joke. No real protocol has or will use it. It's easily hackable and it promotes centralized control. Why do you think not one single coin that is anywhere near legitimate, is POS. POS = Piece Of Shit. If ETH goes POS it will be dead in 6 months to a year. It may run as a POW/POS hybrid, but 100% POS? Little Dracula would be an idiot to do that.

Ever heard of NEO, Lisk, and Stratis?

[leowonderful]

Yea, but check out the new price on the L3+

$462?

I smell a "new node" Gigahash Bitmain miner announcement in June for Scrypt.

Guess they got tired of being beat on efficiency by the A4 and matched/beat by the L21 - or more likely slowing sales of the S9 have left them some "available space" to order current-node chips for something else they've been working on for a while.

Dam $462, that might be the sign of the last squeeze before a new scrypt miner announcement.  Getting every last drop.  I guess not so bad with a coupon i mean even at a 100% loss its doable for someone looking to mess around with a miner.

It's significantly better than a D3 or V9 based off current earnings for both miners (through Nicehash's calculator) at $0.10/kWh (both are in the red), no ASIC Bitmain currently offers really beats the L3+ at this price point. Wouldn't be a bad miner to introduce people to mining or how to set up miners in general, and at lower electrical costs this thing could potentially be quite profitable. Plus these things are supposed to deliver in just a week or two, not bad at all.

I also agree there's got to be a new Scrypt miner coming from Bitmain soon- there's no reason that they'd drop prices this steeply without something new coming soon.

Since we are already so far off track, I just noticed the X3 has sold out as well. Could just be Bitmain removing all stock on their site, I find it unlikely that anyone would buy that $2000 heater that also happens to ship in May.

I'm more worried about another BIG hashrate jump, like the one Litecoin had in mid-December where total network hashrate almost DOUBLED in a bit over a week.
Even without factoring "new miner" and that big hashrate jump into the equation, and just looking at average hashrate growth this year, I'm not sure if a L3+ will pay itself off before it become uneconomic to operate even at the new low price and MY very low electric cost.

Looking at Bitcoinwisdom's difficulty chart, it seems you are right about difficulty growth- I haven't checked in with LTC difficulty in a while, and even in a theoretical situation where a new miner isn't even introduced, the difficulty on the chain could double in just around three months (and historically speaking again, it has), and considering Bitmain's practices with releasing ASICs difficulty could be in a position to skyrocket once more when they release a new Scrypt miner. The 4-5 month return given by Nicehash seems like a mirage given these factors.

If coupons are applicable for these units (I'm not completely sure if they are, IIRC you can only use $200s or something of the sort), the prices still go down to ~$300-350 with a PSU. It's not a large amount of money lost if you don't make all your money back, but overall I do agree there is some risk involved in buying an L3+ right now.

[BenRickert]

POS is a complete joke. No real protocol has or will use it. It's easily hackable and it promotes centralized control. Why do you think not one single coin that is anywhere near legitimate, is POS. POS = Piece Of Shit. If ETH goes POS it will be dead in 6 months to a year. It may run as a POW/POS hybrid, but 100% POS? Little Dracula would be an idiot to do that.

Ever heard of NEO, Lisk, and Stratis?

Yeah, all are complete garbage and have receded to levels not even remotely recoverable from. $9.00, $4.00 all down 80-90 % from their Pump and Dump highs. I'm glad too because all the stunned brain dead fools that "staked" it are getting their asses handed to them. Deservedly so. POS.... yeah those are great examples. Thanks.

[nazzer]

Huh, now they seem to be going for EOS instead ...

[teskostecenje]

Or if mining ever stops being profitable you can just use move to virtual reallity thx to all that mining gear Its not just more algos thx to gpus but also they have some kind of resale value unlike asics and you get at least 2 year warranty....

Move them to scientific research, like some of the Berkley (BOINC) research projects.

Can those projects really take 8 million gpus and still offer some kind of profit for those who are runing them?VR for now at least looks like fast growing tech and hype is following it with more and more real life usage(not just porn )

[Saurus]

Will the industrial mining farm, sell power from ASIC Antminer E3 equipment, which they placed?

[QuintLeo]

Or if mining ever stops being profitable you can just use move to virtual reallity thx to all that mining gear Its not just more algos thx to gpus but also they have some kind of resale value unlike asics and you get at least 2 year warranty....

Move them to scientific research, like some of the Berkley (BOINC) research projects.

Can those projects really take 8 million gpus and still offer some kind of profit for those who are runing them?VR for now at least looks like fast growing tech and hype is following it with more and more real life usage(not just porn )

I didn't say "for profit" - though technically you can make SOME income from running BOINC projects that are on the GridCoin whitelist which is more than they're going to make from moving them to virtual reality.



I had a couple points of data collide in my mind last night - and I'm now VERY STRONGLY suspecting that "F3 video" may have been from a new Bitmain SCRYPT miner on the 14/16 nm node (the L3/L3+ are 28nm) and NOT FOR ETHASH at all.

The numbers make too much sense - 1500 Mhash on Scrypt is well within the realm of where a smaller-node L3+ would be likely to end up, I'd guess somewhere around 1000 watts though to achieve it.
The recent move on the L3+ sure looks like the common "have a fire sale on older-node miners for a month or two once our next gen starts the first production run and we can start replacing Hashnet units with more efficient gear" Bitmain mode.

I doubt they're going to call it the "F3" when it goes on sale though - more likely the "L5".

[Cryptodelver]

We have made an overview page of all the coins the E3 can mine, check it out  https://cryptodelver.com/asic/antminer-e3