Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge – Mining Bitcoin News

Bitmain, a crypto mining equipment manufacturer, announced that the Antminer E9 was now available for purchase. The device had been revealed on April 15, 2021. Bitmain sells the machine for $9,999. It boasts speeds up to 2.4 gigahash each second (GH/s).

Bitmain launches Antminer E9 at $4.17 per megahash

447 days after revealingBitmain, Antminer E9 has launched its product. The company announced the launch on July 6, 2022, and said “[The Antminer E9]It is fitted with a hashrate rating of 2.400 [MH/s]The 1920W power efficiency is excellent, with a power efficiency rate of 0.8J/M. E9 is an advanced Ethereum miner which enhances ETH/ETC mining operations.”

Antminer E9 is powered by the consensus algorithm Ethhash. 2,400MH/s of hashpower, equal to 2.4GH/s, are the two key features. E9 will deliver on July 15th-31 at an estimated cost of $9,999.

Buyers interested in purchasing the Antminer E9 can do so with Bitcoin (BTC), USDC (USDC), and Tether (USDT). These tokens are derived from Ethereum or Tron. There’s a maximum of five units per account that can purchase the new Antminer, according to the website.

The new Antminer E9 can get an estimated profit of around $37.98 per day with an electrical cost of around $0.12 per kilowatt-hour (kWh) and using today’s ether exchange rates. The machine outpaces the top two Ethhash compatible competitors which include Innosilicon’s A11 Pro ETH miner with 1,500 MH/s and the A10 Pro+ ETH miner with 750 MH/s.

E9 Launches Ahead of Ethereum’s Proof-of-Stake Transition

Bitmain’s latest Antminer E9 comes at a time when Ethereum proof-of-work (PoW) mining is nearing the end of the road with The Merge. While The Merge has been delayed on multiple occasions, ETH developer Tim Beiko said he “strongly suggests not investing more in mining equipment at this point.”

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

The Merge will see the Ethereum network transition to a Proof-of-Stake (PoS), rather than using PoW. Currently, ETH miners can still mine ether but there’s also a parallel blockchain called the Beacon Chain which runs a PoS system.

The Merge will result in miners no longer being able to mine Ethereum (ETH). However, they can still mine Ethereum Classic (ETC), however. Many expect the current hashrate that’s dedicated to ETH today, will transition over to the ETC network following The Merge.

What do you think about Bitmain’s Antminer E9? Please comment below on your views about the subject.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman joined the cryptocurrency community in 2011 and has been an active member ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5700 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.