Bitmain Ethereum ASIC Miner Now Available For $800, Expect GPU Prices To Go Down

Bitmain is the leading ASIC miner-manufacturer in the market and a while back a report emerged suggesting that Bitmain is rolling out an Ethereum ASIC Miner and now it has finally rolled out the very first Bitmain Ethereum ASIC Miner.

According to the company, the Bitmain Ethereum ASIC Miner is priced at $800 and the company has also limited the orders to “one unit per user”. What is more interesting is that the first batch of the Bitmain Ethereum ASIC Miner is already sold out.

While there were ASIC miners in the market to mine Bitcoin and the like but, those ASIC miners lacked the ability to mine Ethereum and now Bitmain has released the very first Ethereum ASIC Miner.

With Bitmain Ethereum ASIC Miner coming to the market we can expect the GPU prices to go down furthermore as the ASIC miners are capable of mining faster compared to the GPUs.

For those who don’t know, ASIC chips are actually “application-specific integrated circuits” and these chips aren’t as flexible as GPUs or CPUs in terms of performing tasks as these chips are designed for a single, narrow computational task, in this case, Cryptocurrency mining.

Furthermore, Samsung is also looking to jump into the ASIC mining business and the company has announced that it is manufacturing ASIC chips.

Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However, we are unable to disclose further details regarding our customers.

Furthermore, reportedly Bitmain made more money than Nvidia in 2017. The report comes from a group called Conservative Estimates who revealed that the ASIC miner manufacturer, BITMAIN, made around $3-4 Billion in profits in 2017 which is way above Nvidia’s $2.91 Billion profits in 2017.

What do you think of the Ethereum ASIC Miner from Bitmain? Let us know in the comments.

Source: Bitmain

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