Preorders of New Ethereum ASIC Miners revealed by Bitman

Chinese mining hardware manufacturer Bitman has announced and is accepting preorders for its new Application Specific Integrated Circuit (ASIC) ethereal mining rigs.

Mike Richardson
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According to Bitmain’s website, the company is now accepting pre-orders for the Antminer E3 which is scheduled to ship in July with a starting price of $800 per unit.

The Antiminer E3 is believed to be the first ASIC miner which is compatible with Ethash Proof-of-Work (POW) consensus platform.

General purpose GPU chips are less efficient in mining, which is why Bitmain has released its first Application Specific Integrated Circuit (ASIC) chips which would be capable of Ethash mining.

Rumours had been circulating for months, that a new ASIC mining rig would be released by the manufacturer, and CNBC reported that Wall Street research firm Susquehanna had released a note to their clients that Bimain had developed the Antminer E3.

"During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in 2Q18," said analyst Christopher Rolland. "While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development."

Looking at the spec of the Antminer, the unit will generate 180 MH/s with a power consumption of 800W and with the development of ASIC, some view this as a move to push the hardware into the hands of corporations. There are already articles and a calls for Ethereum to execute a hard fork to brick the Ethereum ASIC miners. Piper Merriam has drafted “Ethereum Improvement Proposal (EIP) #958” in which he has asked the community to vote on the proposal. On Twitter, Ethereum mdeveloper Vlad Zamfir posted on Twitter asking if his followers would "support a hard fork that obsoletes ETH ASICs?" with 57% supporting the ETH hard fork.