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The New Ethereum ASIC Miner Is Stupid

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• Come chat on our Discord!: https://discord.gg/PApp82h • Bitmain Site: http://bit.ly/2HcqauA • Bitmain Tweet: http://bit.ly/2HdcOhT What do you all think of the Bitmain Antminer E3? Are you concerned for GPU mining, in a positive or negative way? Are you going to buy one? Is this something you care about? Let's chat! Thanks to MSI South Africa for sending the GT73VR with me to the US. • GT73VR Deets: https://goo.gl/na3pi1 • Where to Buy: https://goo.gl/JxJWsZ For PC parts: • Buy from Amazon in US: http://amzn.to/2krqEWz • Buy from Wootware in SA: https://goo.gl/LHuwN5 • Buy Mining stuff on Amazon: http://amzn.to/2BsFwLw • You can support us on Patreon: https://www.patreon.com/UFDTech • Bitcoin Dono Address: 1G5n6qFafWSYf8CZikZTXXcThpoxKeXK1K Video was edited on: • X399 Gaming Pro Carbon: http://amzn.to/2iPnnzB • Threadripper 1950X: http://amzn.to/2ikITbh • MSI RX Vega 64: http://amzn.to/2A2JW7Q • Trident Z RGB: http://amzn.to/2prkDHI • Corsair H100i: http://amzn.to/2gRg0mU • ASUS PCI WiFi Adapter: http://amzn.to/2teOAwm • Enthoo Evolv: http://amzn.to/2oHZU5o • Corsair LL 120's: http://amzn.to/2z1w25M • Thermaltake Toughpower RGB 850W: http://amzn.to/2lSKNUv Video was shot on: • Panasonic GH4: http://amzn.to/2tyKUpJ • Sigma 18-35 f1.8: http://amzn.to/2tyDKBB • Tascam DR-40: http://amzn.to/2tRVLxo • AKG Lavalier Mic: http://amzn.to/2uzaVW3 • Rode VideoMic Pro: http://amzn.to/2uzxOZf • Benro Tripod & Head: http://amzn.to/2u0P9xk • Godox LED Lights: http://amzn.to/2uTeHJ2 For the intro/outro music by Kalyptra: https://goo.gl/KyLzTB For the music in the video: https://goo.gl/IMZC9A My Twitter - http://www.twitter.com/ufdisciple My Facebook - http://www.facebook.com/ufdtech My Instagram - http://www.instagram.com/ufdtech Thank to Tancrid "Tank" Muller for writing the video! Thanks to Reece Hill for filming the video! Thank to Rikus Strauss for editing the video! Executive Producer: JC Randall
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Text Comments (367)
Wouter Dewet (2 months ago)
Dude you are totally being paid by Wootware to say all this propaganda. This new miner is threatening their sales big time, I saw that they dropped their GPU prices big time. So hard to find actual truth in this world because of all the "incentive" that talking heads like you are getting. Don't get me wrong I respect you for making a living but you are lying to people plain and simple. Crypto is all about efficiency and tries to remove the politics from making money, but now there are definitely politics involved, all the already invested GPU miners out there (myself included) and all the retailers who have stocked up on GPU's, this all vs a better, faster, more efficient miner. I don't like what I am saying, it hurts me financially, but it is true.
Harry Chu (2 months ago)
When monero forked against Bitmain, the difficulty dropped approx half and has stayed static. So does this mean ASIC miners were driving up monero difficulty 100%. With Ether we will never know b/c the developers don't care about decentralization. What can we expect from a coin that has an unlimited supply.
John D (4 months ago)
They did not come out in July my friend.
Walter Villagra (4 months ago)
GPUs are created for games. Piece of Neanderthal
Submarine Veteran (4 months ago)
Go get your tissues
UFD Tech (4 months ago)
I will. Need myself a good crying session. 😭😭😭😭😭
Submarine Veteran (4 months ago)
Boo whooo
UFD Tech (4 months ago)
😭😭😭😭😭😭😭
Danyal A. (5 months ago)
They increased the price to $1900. Not worth it.
Danyal A. (5 months ago)
Use the miner to run Crisis.
KGT UserCast (5 months ago)
The E3 isnt stupid, its the people who buy GPUs solely to mine ethereum having a retardation complex thinking that a cryptocurrency can be "resistant to ASICs" As of now, if you want to get into ETH, buy ETH. Im not getting into sour grapes, but this is because mining is simply not profitable unless you buy at factory prcie and have super cheap Extra High Tension electricity. What is an ASIC? Application specific IC. An integrated circuit can be made specifically to anything. There is nothing in Ethereum that prevents specialised hardware. A good ASIC for Eth would be one that has the GPU cores, but without the pixel shaders that we dont need, increasing performance, bandwidth per compute core, and decreasing power use.
im supporting gpu mining but ALL people in this world want to make money selling gpu to high, and there is no profitable, if you compare with asic is the best way, less price and too much less space.
Oliver Bona (6 months ago)
Thing is, all ASICs like this become pointless by the time it arrives at your doorstep since they keep developing new ones that blast the previous model out of the water :/
Dake Zhang (6 months ago)
now it's 2150 USD what the hack!
César Acosta (6 months ago)
GPU prices are supposedly going up this year, so even if power efficiency does improve it'll be redundant since you'll have to spend more to get an equivalent amount of hashing power. All of what you've mentioned doesn't even take into account the possibility of bitmain creating a better ASIC down the road. They've already stated 180MH/s is the minimum and it could actually be way more by the time it's released so it's pretty useless to make predictions based preliminary information from bitmain and next to zero information from Nvidia's new graphics cards. It's better to wait and see but as of right now things aren't too promising given casper is nowhere to be found and Vitalik has already rejected a hard fork.
mustaf (6 months ago)
Not stupid at all... they're already obsolete before hitting the market.. Bitmain have knackered them for months and they're gripped by the height of the mining difficulty anyway... It's like you dumping your second hand mining GPUs on unsuspecting gamers begging for cheap knock offs
kinghow123 (6 months ago)
You are getting crazy on mining. I feel as though you are becoming hungry and becoming blind to the long term consequences of mining cryptocurrencies. cryptocurrencies are not the future.... these miners are all crazy over them cause they think this is a get rich quick scheme.... It is not... you are not gonna become a millionare ....
Rodrigo Gonzalez (6 months ago)
This ASIC is 2150 now, WTF?
Nice Shot (6 months ago)
UFD TecH Is Stupid
adriiPortillo (6 months ago)
Why to mine at this point of the game? I am investing in ethereum, but just a few coins here and there. Im buying some of these miners but to dump the profits and buy some other coins.
MOA Miner (6 months ago)
Bitmain is not a hardware manufacturer seller. They produce for themselfs, they use it to mine themselfs. If it looks like the profitability is getting worse, they sell off their hardware. Like miners do with GPUs, bitmain does the same. So if they anounce a eth-miner, they actually had them months ago and used them to mine
Frank C (6 months ago)
....and now they're 2150 dolllars....so guess you were wrong for 800 dollars. We miners talk about how long it takes to break even...well 800 is muuch much lower than 2400 dollars....1600 difference like you mention so it definitely isn't stupid in hindsight.
James Curtis (6 months ago)
So they basically bought a bunch of left over chips at a discount over stock style and put this things together? This sounds like an outlet store for Nvidia and AMD to me.
Mark us Vo (6 months ago)
The ETHash is still ASIC reistance. The E3 have 6 old GPU Chips with extra ASIC Shader Chips. This is a very cheap GPU Miner.
Zigouzag (5 months ago)
Mark us Vo ethash has already and secret powerfull asic ...
david Last (6 months ago)
turn your music at the end of your videos down please
AlStar (6 months ago)
New batch is $2150 per machine lol. What a stupid price
Dj 3202 (6 months ago)
3000$ vs 800$? Wtf iS y’all smoking lmao 😂😂😂 asic is clearly the winning. I already order mine😀😀😀
Isaac Mccormick (6 months ago)
Its now $2150 for an E3 on Bitmain
GrosTabarnak (6 months ago)
My guess: This is old technology Bitmain has been mining in secret with those for a while. Now that Etherium isn't as profitable as it used to be and new generation GPUs are comming out soon , Bitmain is selling out their old used miners while they can still get a quick buck out of them before Etherium switches to Proof of Stake... (hum.... steak....) I will NOT buy one of those...
Zigouzag (5 months ago)
GrosTabarnak it's not a Guess , it's a reality , they have many secret Asics ... and they moved onto the new gen asics on Eth
Jorge Dr (6 months ago)
What about leaving the gpus to what are they intended for
Mike ™ (6 months ago)
1 of my 8 GPU rigs do 230 MH/s @ 1050 Watts, it would be 1020 Watts... BUT I do got the fans preset on all cards (which are all MSI GAMING X cards) to be at 70% speed. But, 850 Watts mining 6600 H/s of CryptonightV7 is a BARGAIN! It is more profitable not only by Hashrate as of now, but in power as well, and those cards stay cooler.
Peter D (7 months ago)
I’m going to laugh so hard if eth becomes PoS instead of PoW and ALL HARDWARE will be worthless. The only thing you would be able to use any gpu or asic for would be the daggerhashimotto protocol altcoins, or other coins that aren’t part of the Ethereum ecosystem. Makes me want to invest in some of the smaller PoW coins and their networks. After all, the value of the coin tends to shadow the increase in size of their computational network of miners...
Mr Screamer (7 months ago)
Erm, no. Sure 6 graphics cards will perform as well as this miner, but can you get all of them + PSU + motherboard + CPU for $800? No? Then this ASIC is better for mining. Stop dancing about the screen, have that poo, and think about this properly. You could buy 4 of these ASIC miners for the same price as that GPU set up.
TheGodfather101 (7 months ago)
It's over 2000 bucks now. Pffffhahahahaha. What a joke.
ShadowMaster 45 (7 months ago)
ironically i think the first batch of asics are going to bitway i think lol, it may be a good passive income but i prefer rbit tokens
Dr Dmd (7 months ago)
Proof of work (POW) coins are fast becoming an ongoing disaster to our planet. Opening our doors to ASIC mining will lead us the way Bitcoin has gone. Centralization and extreme powerconsumption as an ultimate result. Massive enviromental waste. We need to move on and away from POW mining, specifically ASIC mining. Ethereum mining is anyway going over to Proof of stake (POS). POS coins are the future. Usage of cheap laptops and stake your coins to support the network and earn passive income. If you want a much much better alternative to ASIC mining coins (BTC, BCH, ETH etc), check this video out: /watch?v=AXk_8lLFInc
TheShowThatSUX (7 months ago)
A few points to consider THERE IS A MAINIA CRYPTO BUBBLE right now even after the price crashes. Everyone and their dog wants in. If you are informed and have been here, then you are shaking your head at what these people will toss money at: but the fact is they don't know they will lose money and will CHASE ALMOST ANYTHING CRYPTO. So when you look at that Bitmain releasing this now while those people will buy it is a no-brainer.
XcN3 (7 months ago)
Now we have a butthurt youtuber here....
Sherif Elbishlawi (7 months ago)
I don't get it. $800 for 180MH/s beats any next gen card. Even if by some miracle Nvidia releases a card that has 180MH/s in ETH it won't be less than $800, then you add the cost of building other pc parts. I get that you're mad about this being more efficient than GPUs but you shouldn't let personal feelings affect your judgment.
Inform Record (7 months ago)
Boring and pointless
JIANJUN GUO (7 months ago)
How can I contact you
jonasakabuk (7 months ago)
That being said, what do you think will happend when GDDR6/HBM2 becomes normal and the tons of leftover GDDR5 chips are sold for nothing, THERE you will see the memory hard algorithms get new faster asics.
jonasakabuk (7 months ago)
Ethereum is so memory heavy that an asic aint helping it much, with sha256 you got all the stuff going inside the processor, you can make a curcuit that calculate that (and this has been done long time agp), but you cant overcome limits in ram speeds with a intrgrated circuit. Another example is litecoin, now litecoin is somewhat more 50/50 on the processor and ram, if you were one of those that mined litecoin on gpu's back in the days you might have noticed that it did only put like 25% load on the memory controller, this is why you have not seen any new much faster asic for litecoin since L3/BM1485, as you do with the processor only algorithms, there was a great initial boost from moving the processor cycles to a circuit, but now its limited by the memory speed. You cant think your way out of that one like you can with sha256 x11 etc etc, there you can just come up with a more clever design for the integrated cirguit and boom you have more hashrate.
Kirk Mikiah (7 months ago)
Not to mention, ethereum IS mapped for PROOF of stake in less than a year. That means these things have a life of about 9 months tops. Type in the numbers in any mining calculator = fail. Won't even pay for itself before it's all over. Not to mention daily rising difficulty, which is another profit killer. Bitmain=fail.
James Sm (7 months ago)
What happens if this is a big deal and it does put a serious hurt on etherium? My money says that the etherium creators do a hard fork and remake ETH into something else that's asic resistant again.
Daniel Tiotuico (7 months ago)
hi ufd tech.. i was just wondering... do monero(xmr) have dag file? like ethereum? will all cards be affected by dag file? what coins dont use dag file that we can mine
David Steeves (7 months ago)
good info. also are you on coke? alot of fast talking lol
Rondo Cat (7 months ago)
It seems GPU mining has gone out of fashion finally :) Now for first time in a long while stores have GTX1080ti and similar at storage and NO ONE is bying them !!! Soon prices on GPUs will drop specially when miners start selling their rigs. ROI on GPU mining is already 2-4 years and the profit have been going down slowly and steadily for months. If you absolutely want to make money on crupto currency trading will make a lot more money much much faster...
Nedyalko Chakandrakov (7 months ago)
Bitmain probably moved on to more powerful and more efficient ASICs and now they are just getting rid of the old junk...
Zigouzag (5 months ago)
Nedyalko Chakandrakov yeahh , everyone need to know that , Bitmain should die !!
Tank Buster (7 months ago)
Are you on coke
Tank Buster (7 months ago)
Where do I buy a rx580 for 300$
UFD Tech (7 months ago)
The used market.
16vastraturbo (7 months ago)
decent price for the mining power but the power it uses is shite compared a gpu
Jon R. Pejtersen (7 months ago)
Stupid.. Yes! (Thank God!) Normally I hate ASIC sucks since they destroy the mining network (and they compromise decentralization). This I don't think Bitmain will have any succes with this one. 180 Mh/s = Same as 4x RX Vega 64. These use about 150-160W each @ 44,2Mh/s when tweaked properly + CPU/mobo etc. Still less than 800W from the wall. And that is STILL not really profitable is the current ETH state (with power costs in the higher end). Sure.. 2400$ (600$ per card MSRP) BUT the 4 Vega cards have value to do other things (like gaming / deep learning) after the mining stops. One can build 4 awesome Gaming PC's with them next year. Vega 64 will age like fine wine regarding gaming. The Asic will be just a paperweight. I think ETH is difficult to make an ASIC for, since it is (almost only) memory optimized algo.
Web Surfer (7 months ago)
All the real manly miners use a calculator and a post it note to mine on... That is a manly miner!
sepulati0n (7 months ago)
Rx580's are commonly over 400.00 a piece for just the 4gb models right now...6 of those =2400.00 + tax, plus cost of the actual pc and risers, psu etc...so basically its 800.00 vs 3,000.00 ...For the same performance.... Im not a fan of Asic, but that's definitely a cost savings vs buying GPUs at current market prices
Benoit Levesque (7 months ago)
lol Pascal and Vega are not going to be obsolete are you expecting a big 100% leap in performance or what ?! AT best the next xx80 ti is going to be 30-35% better than the 1080 ti The next xx80 will be about on par with the 1080 ti but draw 30-40% less power <- (thats very good) My point is that this ASIC is still going to be competitive with the next gen of GPU because of the 800$ price tag.
David G (7 months ago)
If this is not just a scam we will be swimming in used gpus. And it is not like you buy this and you are all set. If everyone buys this making it the standard you will simply get less coins for the same work. And that leads to the miners having to upgrade every now and then. The big money was in trading the coins for money when its price was high af. Or am I missing something?
Vault Boy (7 months ago)
Why is he so sweaty? Is he always so sweaty?
B00TT3R _ (7 months ago)
This is a horrible news for gamers and miners (worst for gamers)
marvelv212 (7 months ago)
Your logic makes no sense. There's going to fork
Delakroix (7 months ago)
Dude sounds like he need to go to the bathroom real fast.
2000jago (7 months ago)
No matter how you look at it, more miners (GPU's or ASIC's) means LESS profitability. More miners in ANY capacity drive difficulty up and means miners of ALL kinds get smaller and smaller slices of the same pie. PS, love the way you tagged the outro on just long enough to get the video over 10 mins so it can qualify for ad revenue...
Peter Kerr (7 months ago)
What will the price be after Donald Trump hits China with tariffs?
Zach Fernandes (7 months ago)
E3 "batch 2" is $1800 fuck that
Sean Hannold (7 months ago)
It's impossible to mine a smart contract with an ASIC
Zigouzag (5 months ago)
Sean Hannold True
Jacqueline Waters (7 months ago)
It is better than a gpu mining rig...erm...go find out how much it costs to buy 6 rx580's right now. It is much cheaper to buy the asic miner.
Gabriel Rombola (7 months ago)
They are not $800 anymore. They are now selling them for $1800!
krr (7 months ago)
ETH is memory bandwidth limited. It doesn't matter which architecture you use, or even if you use an asic. Not even Nvidia can get around that with their dedicated cards. If you want more efficiency you have to use HBM memory. Doesn't matter if it's connected to a gpu or an asic.
the blue psycho (7 months ago)
Leave GPUs alone you fucking thieves
Christopher St.Louis (7 months ago)
They are releasing it because they've been using it for a while and now people know and there will be a fork rendering them useless. This exactly what they did with the cryptonight miner. Monero forked rendering the ASIC useless. Difficulty went down 75% proving that majority of monero hash was ASICs and Bitmain sells used crap. Bitmain is the biggest miner.
Something Else (7 months ago)
what does mining contribute overall anyway
Plex ASM (7 months ago)
The point isn't the MH/s, it's the USD per hash that you're paying. Wake up
Daniele Sbordone (7 months ago)
That's why it's only $800. They want you to buy a truck load.
jeremea jhone (7 months ago)
ZCASH KING
Russell (7 months ago)
Think of this ASIC Miner as GEN 1 and this is the carrot when you are not looking ie have not forked here comes the stick. The S9 version of the Ethereum ASIC Miner.
Bartosz Maj (7 months ago)
ASICs will help other people to speed up and gain some coins. Compare it to experience boost for newbies in games. No one is against it there, so why not doing same thing here. After all, cryptocurrency mining is just a one big hobby/play project. Just find yourself a real job guys.
chris worth (7 months ago)
Hope the mine caves in burying all the miners.
Samuel J. Rivard (7 months ago)
One thing about ASIC: when maker are selling them its because they alredy have something more profitable and they want to make some rooms (same happen when bitcoin ASIC begin) so dont expect ROI on them soon
ThanksMia (7 months ago)
Bitmain is bluffing, they have a better asic for ethereum but they will not show u
Nick Sweda (7 months ago)
murdering a hair dryer with a wind turbine! LOLOL
John Davis (7 months ago)
I don't have a rig setup at all for mining so I'm getting me one of these. From what I understand Bitcoins are two hard to come by these days and getting slower and slower pickings. By the time I buy video cards in a gaming machine and whatever else I need to make it all work I might as well buy This Miner and get it done with. No extra cost but my electric bill and I got solar panels for that. I think I might even buy two of those at $800 each and see where it takes me from there. I think the worst that can happen is I can end up selling those on eBay for half price after technology gets better and cheaper. So it won't be a total loss plus I get the coins I mind with it.
Rigs can be messy, expensive, and lots could go wrong . I love rigs buy they are expensive to build. I've spent about 1000 on a 3 card rig and it's not that amazing compared to a E3 that cost 200$ less. When GPUs come out they are pretty expensive too, until a good year after release will you see reasonable prices. I don't have the best paying job to buy the high end that still had a better ROI. I need something that has a low initial cost.
UFD Tech (7 months ago)
The E3 is now $1800, they’ve already jacked it up in the last day.
But I don't want to pay 2000 CAD for a video card, because the prices get buffed
Joe B. (7 months ago)
Damn it he never does an outline much less script thereby 3 minutes becomes 10 :p
Rod Turner (7 months ago)
Go get a fucking job, mining will for most people never be a viable source of income and you undermine (pardon the pun) a whole segment of the market, greed driving greed...
OVI MEDIA (7 months ago)
I don’t believe a word this guy is saying. Linus 2.0
Grant Karstel (7 months ago)
yo bra like proper
Adi Adiii (7 months ago)
1800$ for what in few months wil be something 100 times stronger. bitman is a waste of money this days you cannot make money back
Aastan (7 months ago)
Obviously, they have been mining with it for about 6 months and now they are offloading them to us due to upcoming POS. They made their money now will make more with the idiots that buy them
Zigouzag (5 months ago)
Aastan exactly !!! Many noobs thinking about a good deal !! And even buying this shit !!!
Andrew Manus (7 months ago)
do you feel the same way about all asic's?
UFD Tech (7 months ago)
No. The E3 is just dumb
Deyan Broekman (7 months ago)
nice coverage
Nolan Flynn (7 months ago)
But with this, and with AmpVolTuring GPUs coming out, I think used Pascal market will be pretty good
Peter Cheung (7 months ago)
The low price is very tempting, but the ETA date stopped me from ordering. 2-3 month period is like a life time in crypto mining.
dale knox (7 months ago)
Bitmain is trying to make it comparable to gpu rigs but cheaper so they don't fork
Trent Emmons (7 months ago)
It will bring the bitcoin up on value
Chuck G (7 months ago)
Price is attractive, as is a shorter ROI. That is, if they turn out to be useful, will last ... and don't get blocked with a fork or a change to POS. Seems like a gamble to me at this point in time.
Daniel Choi (7 months ago)
My thoughts exactly. This "ASIC" is a remarkably weak device and provides virtually no efficiency gain over what's already out there. The only advantage that it has is the sticker price, but GPUs have way more resell value and can be repurposed for other uses (the E3 is cheaper, but a GPU rig is more valuable). It might provide some more competition in the market, but it's hardly a threat to GPU mining (if anything, it might help lower the price of GPUs, which reduces the one advantage that the E3 has). And yet, the Ethereum mining community is completely losing their minds over this supposed ASIC and shitting on Vitalik and the developers for not hard-forking, LOL. It's quite amazing how such a mediocre piece of hardware (which won't even be out for several months) can inspire such an emotional reaction.
Chris Shuler (7 months ago)
hahaha 180mhs really?? holy crap. I was worried, but im not.... I hash better than that with my gpu rig. I hope this is good information!
Brentar Murderfloof (7 months ago)
Dude. if the ASIC is CHEAPER, then those retarded miners will buy THOSE instead of GAMING GRAPHICS CARDS! Thus lowering the price on gaming cards, and making them more affordable. Quit complaining.
Greg Brandau (7 months ago)
I get that this dude isnt a fan of ASICs. But at this point the E3 is much more cost effective than building a rig with similar hash. He did briefly touch on cost, but that should be the emphasis. Why would i build a rig at 3x the cost for the same hash? Then he went on to mention the new mining specific cards coming out- but again, build cost for a similar rig will be at least 2x that of the ASIC. That being said, i AM NOT buying an E3 and i do not have any GPU rigs so i have no skin in the game. I just think he should be more objective in his analysis.
Karl O'Toole (7 months ago)
$300 per rx480 is a lowball price in the current market. $400 is more realistic, meaning $2,400 for 6. You get 3 times more bang per $ from the ASIC. Sure new GPU's are coming but nobody knows how they wil perform yet. The 1080 line is dominating AMD right now at every price point, Nvidia's next consumer cards might only be a minor upgrade. AMD really needs to step up their game with their next line of GPU or face becoming irrelevant in the GPU market and that would be terrible for consumers.
Marco Gomes (7 months ago)
Its the same as a mining rig with 8 gpus as you said. Hows that stupid? They will turn your mining more dificult. That is why you are so upset.

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