Ethereum Asic Miner released by Bitmain, but is it an ASIC?

On April 3, 2017, Bitmain sent an email out to all past clients with the subject of “Order the Antminer E3, an Ethash ASIC miner”

Specs for the ethereum miner are listed as 180 MH/s with a power usage of 800 watts.

The first batch is available to order right now, and all orders will be shipped as soon as the asic miners are ready – which is estimated to be after July 16, 2018 and before July 31, 2018.

Slightly different than other new ASICs released by Bitmain, they are limiting orders to 1 per customer to prevent hoarding. Also, sales are not available in Mainland China, Hong Kong, Macau or Taiwan – why? Speculations abound, but it could be because of legislation currently surfacing in those areas, or it could be because Bitmain wants to give the rest of the world the idea that they’re being an upstanding company? There are plenty of rumors about things surrounding Bitmain that make them seem suspicious.

I myself ordered an Antminer D3 in the third or fourth batch, and was very disappointed with the flood of miners released which resulted in supersonic increases in the hash difficulty, rendering the miner almost worthless. However, aside from the fact that Bitmain likely mined with the D3s in large quantities before releasing them to the public, and the fact that they sold more than the market could bear (causing the last thousands of units to cost more to run then they generated), Bitmain did in fact do everything they promised to do – from when to deliver, to how much it would cost, to hashing at the speed they said it would.

With the Ethereum asic miner, there is much speculation as to whether Bitmain will oversell the market as well, or if the E3 miner will be worth much after the Proof of Stake switch that Ethereum has been planning on for years.

Either way, if you can get one of the first units of this, you’ll be able to make some money – and perhaps even make enough to cover the cost of the asic ethereum miner.

If you buy one, please, please, please, let me know how it goes!

6 thoughts on “Ethereum Asic Miner released by Bitmain, but is it an ASIC?

  1. Is this even an ASIC? I thought the Ethereum ASIC miner was just a modified type GPU platform with much more RAM, causing it to hash faster and more efficiently than current GPUs? Wouldn’t an ASIC require new CPU type processor improvements, which is what Ethash is supposed to be resistant to?

  2. The specs are decent, but the hashrate isn’t as fast as I was hoping/expecting.

    It isn’t enough to really make it more worthwhile than a GPU mining rig. Sure, it’s cheaper, but if GPU prices return back to normal, than for little bit more you could have a multi-GPU rig that mines at the same speed, and has a better resale value.

      1. At first glance, yes, $2000 USD is more than $800 USD.
        But, don’t forget the shipping cost, duty cost, plus the cost of the APW+ power supply. You’re looking at $1100-$1200 once it gets here. Plus, it can only mine Ethash, and once it isn’t profitable, there’s no resale value.
        Old GPUs, sure they might not be worth much, but they’re worth something for resale once they’re no longer good for mining. Plus the Antminer E3 is shipping in July – spend your $2000 now, and you could be mining for 4 months before the Antminer ever arrives at your doorstep – that’s also worth something.

  3. I ordered one, but due to not having a specified HD onboard, I see this as a NICEHASH pool machine. Please note that NICEHASH pays in BTC and will retain the rights to ETH, ETC or what ever it selects your machine to hash. When that coin goes to POS, I suspect all pools will retain the mining rigjhts. Never-the-less it pays out on the conversion to BTC better than most machines made by Bitmain (the grand exception is the S-50 that is impossible to get (the myth machine))

Leave a Reply

Your email address will not be published. Required fields are marked *