Bitmain Introduces 2,400 Megahash E9 Ethereum Miner Before The Merge

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Bitmain Introduces 2,400 Megahash E9 Ethereum Miner Before The Merge

Bitmain Introduces 2,400 Megahash E9 Ethereum Miner Before The Merge
Source: BitcoinCom
1657180465 07 Jul / 07:54

Bitmain, a producer of crypto mining hardware, announced the introduction of the much-awaited Antminer E9 on July 6, 2021, six months after showing the device on April 15, 2021. Bitmain is offering the gadget for $9,999 per unit. It features rates of up to 2.4 gigahashes per second (GH/s).

Bitmain has finally released the Antminer E9 447 days after announcing the device. On July 6, 2022, the business announced its debut and stated, "[The Antminer E9] is equipped with a hashrate of 2,400 [MH/s], 1920W power efficiency, and 0.8J/M power efficiency. E9 is a sophisticated Ethereum miner that improves ETH/ETC mining operations."

The new Antminer E9 utilizes the consensus method Ethhash, and its hashrate of 2,400 MH/s is equivalent to 2.4 GHz. The E9 is priced at $9,999 per unit, or $4.17 per megahash, and will be delivered between July 15 and July 31.

The Antminer E9 may be purchased with bitcoin (BTC), USD Coin (USDC), and Tether (USDT) tokens derived from Ethereum and Tron. According to the website, a user may purchase a maximum of five units of the new Antminer per account.

Using current ether exchange rates and power costs of about $0.12 per kilowatt-hour (kWh), the new Antminer E9 may generate an expected daily profit of around $37.98. The machine outperforms the top two Ethhash-compatible competitors, including the A11 Pro ETH miner from Innosilicon and the A10 Pro+ ETH miner from A10 Pro+.

The newest Antminer E9 from Bitmain arrives as Ethereum proof-of-work (PoW) mining nears its conclusion with The Merge. While The Merge has been repeatedly postponed, ETH developer Tim Beiko strongly advises against investing in additional mining equipment.

Ethereum’s hashrate achieved an all-time high on June 4, 2022, at a block height of 14,902,285 and a hashrate rate of 1.32 petahash per second (PH/s). Beiko made this assertion in April.

When The Merge occurs, the Ethereum network will convert from a proof-of-work (PoW) system to a proof-of-stake (PoS) one. Currently, ETH miners may still mine ether, but an alternative blockchain called the Beacon Chain operates on a Proof-of-Stake (PoS) mechanism.

Following The Merge, miners will no longer be able to mine Ethereum (ETH), but they will be able to mine on the Ethereum Classic (ETC) network. Many anticipate that the hashrate now committed to ETH will transfer to the ETC network after The Merge.

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