Antminer E9 - equivilent to 32 x 3080. An end to GPU mining etheriuim?

TrojanWhore · 25 Apr 2021 at 17:00

Apologies if anyone has posted this already....Couldn't see anything when I searched.

I saw a couple of articles yesterday about the upcoming release of the E9 from Antminer.

https://www.tomshardware.com/uk/news/ethereum-miner-32-nvidia-geforce-rtx-3080-gpus
https://wccftech.com/the-bitmain-an...a-geforce-rtx-3090s-in-cryptocurrency-mining/

Apparently pulls ~3GH/s for Etherium, which from an online calculator appears to be around $200/day profit.

Does anyone see this having any impact on GPU availability or pricing, or do you think this will be the same as the early scrypt (LTC) miners 5+ years ago, in that the company making them will hold and mine on them until barely profitable?

Obviously it's not going to fix supply overnight as components are still very constrained and demand will be huge, but thought it might be fun to speculate on any impact it may have (and I certainly won't be buying as I'm currently unemployed and can't do anything to change that for medical reasons!).

Donnie Fisher · 25 Apr 2021 at 17:16

Until the nVidia cards become unprofitable ... or roi is too long then I just don’t see it making much difference.

Looks an absolute beast though... 3kW ... oooft

Hawk Tuah · 25 Apr 2021 at 17:36

TrojanWhore said:
the company making them will hold and mine on them until barely profitable?

They'd be fools not to TBH.

varkanoid · 25 Apr 2021 at 17:52

Popped up as an advert on Facebook. Ignored it.

~>Dg<~ · 25 Apr 2021 at 18:29

wont be able to get them as farms will buy them up. thats what happens and when you can get them they just not worth using. thats why the farms big people get rid cause something news out. hope something does happen with gpus as its sad you cant get anything and everybodies just scalping in every way. even crap cards are fetching stupid money.

what will be interesting is if it does change what big retailers and stores will come up with and pricing.

KompuKare · 25 Apr 2021 at 18:39

Donnie Fisher said:
Looks an absolute beast though... 3kW ... oooft

Unsure if people are able to do better, but the first calculator i looked up, has 32 3080 at nearly 8,000W.
So let's wasteful of energy, but not massively so.
Think those calculators ignore system power which for 32 3080s must be something.

Phixsator · 25 Apr 2021 at 18:51

KompuKare said:
Unsure if people are able to do better, but the first calculator i looked up, has 32 3080 at nearly 8,000W.
So let's wasteful of energy, but not massively so.
Think those calculators ignore system power which for 32 3080s must be something.

It would only take like 2 boards with 16+ PCIe 1x sockets on it. So system power draw shouldn't be above 100w total for those 2 systems minus GPUs of course.

BlueInf · 25 Apr 2021 at 21:03

~>Dg<~ said:
wont be able to get them as farms will buy them up. thats what happens and when you can get them they just not worth using. thats why the farms big people get rid cause something news out. hope something does happen with gpus as its sad you cant get anything and everybodies just scalping in every way. even crap cards are fetching stupid money.

what will be interesting is if it does change what big retailers and stores will come up with and pricing.

I think it should affect some GPUs more than others: 3060ti anyone?

Aretak · 25 Apr 2021 at 21:49

TrojanWhore said:
in that the company making them will hold and mine on them until barely profitable?

They've already done that bit. That's why they now want to sell them, since they'll have done the sums and decided that they'll make more this way. Mainstream outlets are reporting this as if it's some breakthrough and there's finally and ASIC for Ethereum which will save gaming, but that's not true. Ethereum ASICs have been around for years.

Freddie1980 · 25 Apr 2021 at 21:53

Given the value of the currency it was always only a matter of time before someone started developing ASIC's to mine this rubbish. In the past though haven't Etherium always updated the underlying code to make it more ASIC resistant so even if this a real produce how long will it be useful for?

Disco_P · 26 Apr 2021 at 00:20

Will have zero impact on the current situation.

Game · 26 Apr 2021 at 07:15

read something the other day about goverments baning crypto currancies

well the mining side of it all due to power usage

Armageus · 26 Apr 2021 at 07:19

Aretak said:
They've already done that bit. That's why they now want to sell them, since they'll have done the sums and decided that they'll make more this way. Mainstream outlets are reporting this as if it's some breakthrough and there's finally and ASIC for Ethereum which will save gaming, but that's not true. Ethereum ASICs have been around for years.

Indeed they have either moved to faster ASICs that will be revealed in another 6 months time, or they are clearing inventory to avoid getting lumped with them when Eth goes PoS

edscdk · 26 Apr 2021 at 07:20

Game said:
read something the other day about goverments baning crypto currancies

well the mining side of it all due to power usage

It does seem like a massive waste of power..

SkillTim · 26 Apr 2021 at 09:02

edscdk said:
It does seem like a massive waste of power..

Using power to make money. Alright, shutdown all industries that do that.

BlueInf · 26 Apr 2021 at 09:21

edscdk said:
It does seem like a massive waste of power..

Some crypto are trying to move to things like proof of storage or staking to change the power usage.

Jimmy Weirdarms · 26 Apr 2021 at 09:24

TrojanWhore said:
Does anyone see this having any impact on GPU availability or pricing

Unfortunately the problem isn't *just* miners. There is a worldwide chip shortage right now which is affecting all sorts of stuff, so while this could help if it kills the mining profitability of GPUs, things won't be 'normal' for a while yet.

Jimmy Weirdarms · 26 Apr 2021 at 09:27

BlueInf said:
Some crypto are trying to move to things like proof of storage or staking to change the power usage.

Which, IMHO, is a terrible idea too - yay, let's pay people to buy up all the hard drives and fill them full of useless noise to 'prove' stuff for cryptocurrency. That's great for people who want to store data, and great for the environment!

The whole idea of creating digital scarcity by joining it to something in the physical world is pretty terrible, IMHO, because it will always have this sort of incentive. The *only* cryptocurrency 'proof' algorithm that's escaped this so far has been proof-of-stake.

BlueInf · 26 Apr 2021 at 09:32

If anything I think it may reduce the scalped prices a bit but not stop the scarcity.

The scalped prices for 3060ti and 3080 seem to be influenced more by mining profitability.

Yaayuh! · 26 Apr 2021 at 10:20

Aretak said:
They've already done that bit. That's why they now want to sell them, since they'll have done the sums and decided that they'll make more this way. Mainstream outlets are reporting this as if it's some breakthrough and there's finally and ASIC for Ethereum which will save gaming, but that's not true. Ethereum ASICs have been around for years.

Absolutely.