MaxiMine Amongst the First to Get Hold of Ethereum ASICS
After months of speculation, Bitmain finally broke the silence through a tweet yesterday morning, announcing the world’s very first Ethash ASIC miner, the Antminer E3. Ethereum was built to be ASIC-resistant through its requirement for memory-hard hashing algorithms, and up till now Ethereum can only be mined through GPU, the less powerful, less efficient, more power consuming sibling of the ASIC hardware.
Rumors started circulating last month when Susquehanna analyst Christopher Rolland confirmed that the China-based Bitmain – the largest producer of miners that use Application Specific Integrated Circuit (ASIC) chips – is well on its way to ship the very first ASIC miners compatible with Ethash, the Proof-of-Work (PoW) hashing algorithm used by Ethereum and a variety of altcoins.
“During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC…for mining Ethereum, and is readying the supply chain for shipments in 2Q18,” Rolland wrote in the note, according to a CNBC report.
Now that the rumors have been confirmed, the Antminer E3 will be taking over as the world’s most powerful and efficient Ethash ASIC miner, capable of delivering 180 MH/s hash rate at 800W of power usage. It is set to ship this July, at a price of US$800 per unit, with orders being limited to one unit per user and additional restrictions on shipping to China and Taiwan.
As of press time, the first batch of the Antminer E3 is already sold out. According to our sources, MaxiMine is one of the privileged few with exclusive access to bulk purchase of the game-changing rig. MaxiMine is an up-and-coming decentralized cloud mining platform that offers its users a diverse range of mining options – including the likes of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and many more – by having them stake the MXM tokens they own in exchange for unparalleled hashing power.
While there is a widespread opinion that the Ethereum ecosystem might clap back by implementing protocol changes with a network hard fork to prevent the use of ASICs, MaxiMine users need not fret. By leveraging on MaxiMine’s extended element of multi-pool switching, users will be able to switch up their mining portfolio any time after their initial 6 months stake-in, hence giving them the flexibility and freedom to mine other coins should the performance of Ethereum be impaired by such situations.
Scheduled to kick off its Initial Coin Offering (ICO) by the end of April, MaxiMine (MXM) is anticipated to actualize its hard cap of 30,000 ETH over a span of two months, with mining operations to kick off in the fourth quarter of 2018.
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Author： Charlotte Kng
Executive editor： Edward