Bitmain, which is the crypto mining hardware company in Beijing, is beginning a new mining model which will be on the Ethereum network. The Bitmain firm made the announcement Friday, April 16, 2021 that its AntMiner E9 will be rolling out soon. This will be what is known as an ASIC (application specific integrated circuit) miner that will run on the Ethash algorithm.
All of this is happening amongst surging mining revenues on Ethereum… this has already driven up prices for both GPU (graphics processing unit) and ASIC mining equipment which are general purposed.
While this announcement has been made, Bitmain has yet to release the prices and tech specifications for E9. This is planned to be built on its AntMiner E3 that was previously launched in 2018. One thing that Bitmain hasn’t done is given a projective time of when a model will be launched. It isn’t clear how soon one will be launched to the market along with shipment details. Seeing that the world is going through a chip shortage on a global scale.
The A10 Pro is the most broadly used Ethereum ASIC miner that is found on the market. The A10 Pro is made by Wuhan-based manufacturer named InnoSilicon. InnoSilicon has a computing power that is somewhere in the range of 500 to 750 megahashes per second, and that is depending on the exact version that one may have.
There have been quotes that were made by Chinese mining hardware resellers. These quotes show that the second-hand A10 Pro with a 500 megahashes per second of hashing power could be exchanged at over 70,000 yuan, which will turn out to be around $11,000 for each unit. It has been found that an A10 Pro having megahashes per second of computing power should be able to produce $55.91 when looking at the Ethereum mining revenue giving it a 98% gross profit margin. All of this is according to data that has been pooled from F2Pool’s miner profitability index.