What will happen ASIC ETH miner in future?

[thanhtike]

Hello guys,

                I want to know about "Should i mining ETH with ASIC miner which has ethash algorithm? What will happen ASIC ETH miner in future?"
Pleas suggest me, guys.

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[wavelengthsf]

This is the  wrong section for this question. You're in the Bitcoin Mining section. Altcoin mining is here: https://bitcointalk.org/index.php?board=160.0

[thanhtike]

Sorry. i will delete my post.

[anu1908]

either they will get recycled or used to mine other coins (if there's any compatible algorithm). if you want to mine eth, maybe use gpu if you want more flexibility. i don't think most miners use asic (individual/retail miners at least) for eth. cmiiw.

[FP91G]

Hello guys,

                I want to know about "Should i mining ETH with ASIC miner which has ethash algorithm? What will happen ASIC ETH miner in future?"
Pleas suggest me, guys.

There are very few profitable coins on this algorithm. Perhaps the manufacturers will update the software so that with the help of these ASICs it is possible to mine the Ethereum classics.
But I do not advise investing money in these ASICs if the payback is more than 5 months, because the Ethereum classic will not give so much profit

[adaseb]

First of all which ETH ASIC are you talking about? The old Bitmain Antminer E3? That one you can't mine ETH anymore because the physical memory is only 4 GB. You can make ETC with it or some other coins with the Daggerhashimoto algo however you make almost nothing these days.

The other ETH ASICs which have enough memory are still very expensive. So if you can get it at a decent price then go for it however keep in mind that the future profitability is hard to predict. We had the London Upgrade and with the coin burn the fees are lower, then there is the price which is very volatile, then there is the difficulty which keeps going up due to new and more advanced ETH ASICs. So keep in mind there is always some risk.

[swogerino]

You will be mining Eth for a long time until it goes to PoS after 2-3 years maybe(although people say it will move in 2022,Ethereum developers are really slow to implementing things).Once it goes PoS you cannot do anything with it except use it as a space heater.That is the bad thing with ASICS as the name suggest Application Specific Integrated Circuit is good at only one thing and if that thing cannot be done anymore it becomes useless.

For now keep mining it 24/7 and squeeze every little bit out of it.You will be happy after you generate Ethereum easily with those devices.

[philipma1957]

If you can get one quickly from a good seller. It may be good for you.

Innosilicon has some with extra ram 🐏.

Like 6 or 7 gb.

https://www.innosilicon.com/html/a10pro-miner/index.html

I also know bitmain has a beast if you can get it.

Be very careful buying one.