Antminer E3 | Bitmain Releases Ethereum ASIC Miner

Antminer E3 | Bitmain Releases Ethereum ASIC Miner

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Originally published: April 3rd, 2018

Update: April 6th, 2018

It’s official: Bitmain has released its Ethereum ASIC miner – the Antminer E3.

The Antminer E3 will use the hashing algorithm Ethash, making it the first Ethereum ASIC miner to hit the market. It will have a power consumption of 800W and a hashrate of 180 MH/s. However, the Bitmain website states that “these are the conservative estimates. [They] expect the miners to deliver higher performance and efficiency when they are ready to ship.”

Bitmain has stated that they “have set a limit of one miner per user” so that as many people as possible get the chance to purchase the Ethereum ASIC miner. Additionally, the company won’t be shipping orders of this particular batch to addresses in Hong Kong, Macau, or Taiwan.

Shipping is set to occur between July 16th and July 31st, although Bitmain will ship earlier if the miners are ready sooner. To purchase, you must pay in either Bitcoin Cash (BCH) or in USD, via wire transfer. Refunds will not be accepted for this batch.

>> Find out what coins experienced the largest losses this year so far

Not everyone is thrilled about the news, however. Some of the Ethereum team seem to prefer that Ethereum remain free of ASIC mining. Piper Merriam, a developer of Ethereum, started an Ethereum Improvement Proposal (EIP) on Github last Friday. The EIP is aimed at suggestions for how to modify block mining to be ASIC resistant.

Another Ethereum developer, Vlad Zamfir, ran a poll on Twitter asking if people would “support a hard fork that obsceletes ETH ASICs.” The results had 57% of responders replying yes:

Ethereum’s co-founder Vitalik Buterin, however, believes that “no action” is required. Buterin says that the issue probably wouldn’t be worth the coordination required for everyone to upgrade their systems and that it may detract from more important issues.

So, where do you stand? Are you excited about the release of the Ethereum ASIC miners? Or would you prefer that Ethereum remain free of ASIC mining? Let us know in the comments below.

Featured image: Make-someones-day

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About Sharon

Sharon is a journalist based in Durban, South Africa. He has years of experience in writing for a number of print and digital platforms, ranging from sport to technology and of course, Cryptocurrencies.

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