Home » , » Curious ..., Like What Ethereum Mining Products Dare to Give More Profit in the End of Year 9 ...?, Just Look Here

Curious ..., Like What Ethereum Mining Products Dare to Give More Profit in the End of Year 9 ...?, Just Look Here

Written By Hanny & Melissa on Sunday, April 07, 2019 | Sunday, April 07, 2019

https://www.economicfinancialpoliticalandhealth.com/2019/04/curious-like-what-ethereum-mining.html
The company developing new mining tools in the crypto mining company is Linzhi. Recently announced that they are focusing on developing special ASIC products that can only be used for Ethereum and Ethereum Classic.

This announcement was made by their founder, Chen Min, who is a Canaan Creative chip maker at Ethereum Classic Summit in Seoul, South Korea.

ASIC who can only mine ETH is considered new, compared to ASIC which is commonly known to mine BTC or ZCash, so this new mining tool will get quite a few competitors in the market.

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Similar products have also been released five months ago where this product was released by Bitmain and this product is known as Antminer E3, when this product was first sold in July and was charged a fee of $ 800 per unit.

The first output was sold out in an instant despite some sales restrictions, including one unit per user, and restrictions on shipping to Taiwan and China.

This new ASIC product is predicted to be able to run around 1,400 million hashes per second compared to the Antminers hash which is only 190 million per second, and the good thing is that this new product consumes 1/8 of the power compared to the Bitmain device.

If calculated, the new ASIC miner can produce around $ 20 in ETH per day while Antminers can only produce ‘$ 3 per day.

According to the report we managed to get from Bitcoin Magazine, the release of this product will take place in April 2019 (Year Edge 9), while the price is still unknown.

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If calculated, the new ASIC miner can produce around $ 20 in ETH per day while Antminers can only produce ‘$ 3 per day.

According to the report we managed to get from Bitcoin Magazine, the release of this product will take place in April 2019 (Year Edge 9), while the price is still unknown.

ETH communities reject the use of ASIC, because using these tools can cause centralization and prevent fair competition.

This also relates to a report from the EIP (ETH Improvement Proposal) which recommends a hard drive to the ETH network to avoid using ASIC .

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