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Miner Maker Bitmain Launches 2,400 Megahash Ethereum Miner – $9,999

Bitmain, a crypto mining rig manufacturer, announced the launch on July 6th the Antminer E9, a highly anticipated device. The device was revealed April 15th...
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Bitmain, a crypto mining rig manufacturer, announced the launch on July 6th the Antminer E9, a highly anticipated device. The device was revealed April 15th 2021. Bitmain is selling this machine for $9,999.

Bitmain launched the Antminer E9 product 447 days after revealed it. stated that the Antminer E9 was equipped with a hashrate up to 2,400 [MH/s], 1920W of power efficiency and 0.8J/M power efficiency. E9 is an advanced Ethereum miner that enhances ETC and mining operations.

The new Antminer E9 uses the consensus algorithm Ethhash. The 2,400 MH/s hashpower is equivalent to 2.4 GH/s. The E9 costs $9,999 per unit and is $4.17 per megahash. Delivery will be on July 15-31.

Buyers interested in purchasing the Antminer E9 can do so with bitcoin ( Bitcoin), USDC (USDC) or tether tokens ( USDT). These tokens are derived from Ethereum and Tron. According to the website, the maximum number of units that an account can buy the Antminer E9 is five.

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With an average electrical cost of $0.12 per kilowatt hour (kWh), the Antminer E9 can make an estimated profit of $37.98 per daily using today’s ether exchange rates. It outperforms the two top Ethhash compatible machines, which are Innosilicon’s A11 Pro Ethereum miner at 1,500 MH/s, and Innosilicon’s A10 Pro+ miner at 750 MH/s.

Bitmain’s Antminer E9 is coming at a moment when Ethereum proof of work (PoW), mining is close to its end. Although The Merge has been delayed multiple times, Ethereum developer Tim Beiko stated that he strongly suggests against investing in mining equipment at this time.

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Beiko made that April statement. Ethereum’s hashrate reached an all-time high at block height 14,902,285 on June 4, 2022 when it reached 1.32 petahash/second (PH/s).

The Merge will see the Ethereum network transition to a Proof-of-Stake (PoS), rather than using PoW. While ETH miners are still able to mine ether, there is also a parallel blockchain called The Beacon Chain that runs a PoS scheme.

The Merge will mean that miners won’t be able mine ethereum ( Ethereum) in the future, but they can mine Ethereum Classic ( ETC). Many believe that the current hashrate, which is dedicated to Ethereum right now, will be switched to the ETC networks following The Merge.

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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