Sales of Bitmain's new Ethereum ASIC miner to begin Wednesday

Quick Take

  • Bitmain will start selling its new AntMiner E9 on Wednesday.
  • The new Ethereum miner will deliver a hash rate of 2,400 megahash per second (MH/s), per the company’s announcement.

Mining hardware manufacturer Bitmain will start selling its new application-specific integrated circuit (ASIC) miner AntMiner E9 on Wednesday.

The new Ethereum miner features a hash rate of 2,400M, 1920 watts of power consumption and power efficiency of 0.8 joules per minute, the company said on Twitter.

According to Bitmain, the E9 is equivalent to 25 RTX 3080 graphics cards. Sales will start at 9 am ET on Wednesday.

The new model was announced over a year ago, when Ethereum mining revenues were on the rise. The launch is happening despite of Ethereum's move from proof-of-work to proof-of-stake, which is expected to happen later this year. Post-merge, the hardware can be used to mine other cryptocurrencies that rely on the Ethash algorithm.

In April 2021, Ethereum Miners were bringing in $1.68 billion in revenue, reaching an all-time high the following month ($2.4 billion). But revenues have since gone down significantly, totaling $549.58 million last month.

© 2022 The Block Crypto, Inc. 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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Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).

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