Bitmain is launching the Antminer E9, which will replace 25 Nvidia RTX 3080 graphics cards. What is its return on investment?

July 6, 2022 by cryptobreak

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The Antminer E9, the new flagship miner from Chinese manufacturer Bitmain, launches today. The model is designed to work with cryptocurrencies based on the Ethash algorithm, that is, Etherium in its current PoW form and Ethereum Classic. Moreover, as the company’s employees point out, the efficiency of the new product is equivalent to the potential of twenty-five top-of-the-line RTX 3080 graphics cards from Nvidia. We tell you about the features of the miner and at the same time find out its profitability.

The release of a miner for Etherium is a phenomenon that raises questions. The thing is that ETH is scheduled to be converted to the Proof-of-Stake consensus mechanism in 2022, which will essentially make mining the cryptocurrency impossible using video cards and ASIC miners. However, it's not all that clear-cut.

Firstly, PoW mining will definitely continue for a few months yet. This is supported by the migration of the so-called complexity bomb in the Etherium network of 700 thousand blocks, or roughly one hundred days, which took place on June 30, 2022. By doing so, the developers ensured that the blockchain would work normally before its PoW- and PoS-versions merged.

Secondly, the hundred-day target is tentative. Moving the Etherium network to Proof-of-Stake within that timeframe should only happen if there are no problems or minor bugs during the testing phase.

The testing of the merger of the two varieties of networks remains to be done in two phases. The first will be an update to the Sepolia test network, which will take place around midnight tonight. The second stage is a test in Goerli, the last public testbed of this blockchain. In other words, the finish line is still a long way off, so there could be some difficulties and a postponement of the update date.

It should be noted that so far, the developers of Ethereum are predicting that the blockchain will move to PoS tentatively in mid-to-late September 2022.

It was in this challenging environment that the Antminer E9 release took place. However, the event clearly hints that Bitmain representatives are confident in the new product’s payback.

Features and profitability Antminer E9

The Antminer E9 will deliver 2400 Mh/s, which is really the equivalent of 25 Nvidia RTX3080 graphics cards. A similar hash rate will also produce 54 Nvidia GTX 1080Ti units, for example.

The power consumption of the device will be 1,920W, while the power efficiency figure is equivalent to 0.8 J/M.

The official price of the Antminer E9 is $9,999. The device is promised to ship from mid-June. Bitmain accepts BTC, USDT and USDC as payment.

Antminer E9 cost and delivery time for the miner

So, what kind of profitability awaits the owners of such a hash rate? According to 2CryptoCalc calculator, the most profitable here will be mining ETH, and the income at the current rate of the cryptocurrency and taking into account the current complexity of the network is the equivalent of nearly $41.

Profitability of mining Ethereum on Antminer E9

This is not a net income, because from this amount you also need to subtract the cost of electricity to run the device. Everyone has their own electricity rates here, so you just need to keep that point in mind.

By comparison, a similar hash rate for Ethereum Classic would bring in almost $30.

Profitability of mining Ethereum Classic on Antminer E9

With a stable ETH exchange rate and the complexity of the Ethereum network, the payback period will be 9999/41 = 244 days. Moreover, energy costs are not considered here, so the real figure may be even more.

Conclusion: You would have to mine Ethereum Classic on Antminer E9 for sure, because in 240 days, the ETH network will surely transfer to PoS.

Where and how to mine Antminer E9

The settings for Antminer E9 are already in place. We recommend to mine Etherium with this ASIC-miner and other video cards at pool 2Miners, where it is already engaged in 102 thousand miners.

The following settings will work for you to set up your new product:

URL: stratum+tcp://eth.2miners.com:2020 Worker: YOUR_WALLET_ADDRESS.ASIC_ID Password: x

The data directly from the Etherium Pool page will help you to set up other devices.

Etherium Pool 2Miners

All in all, the Antminer E9 is a powerful device that will find its buyers. Yes, Etherium will sooner or later transition to Proof-of-Stake, but as a reassurance, users will be able to mine Ethereum Classic. And should the cryptocurrency market continue to grow, its returns will surely be more than satisfactory.

Look for more interesting news in our millionaires cryptochat. There we discuss other news from the blockchain world.