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Ethereum ASIC Miner Released - Bitmain Antminer E3 - ETH PoW Hardfork?

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Bitmain has officially released their Ethereum ASIC cryptocurrency miner the Bitmain Antminer E3 hashing 180 mh/s on Ethash (Ethereum, Etheruem Classic, PIRL, UBIQ, and more) and consuming 800 watts. The performance is not much different than an Ethereum GPU Mining Rig especially when graphics card prices were lower but the price to profitability of the Bitmain Antminer E3 may alarm you. Graphics Cards IN STOCK on Amazon - http://geni.us/nti5asr Do you think Ethereum should Hardfork? - https://goo.gl/fL3hMV Bitmain Antminer Shop (Buy Antminer E3) - https://goo.gl/1DmvwF Direct link to buy Ethereum ASIC Antminer E3 - https://goo.gl/MZKynn Vitalik Buterin official Twitter account - https://goo.gl/1j42jy Ethdocs Ethereum / Docs / Whitepaper - https://goo.gl/Nw1n88 Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs VoskCoin Patreon - https://www.patreon.com/VoskCoin VoskCoin Steemit - https://steemit.com/@voskcoin VoskCoin Facebook - https://www.facebook.com/VoskCoin/ VoskCoin Reddit - https://www.reddit.com/r/voskcoin/ VoskCoin Discord Server Invite - https://discord.gg/FGGmS2z VoskCoin Twitter - https://twitter.com/VoskCoin VoskCoin Instagram - https://www.instagram.com/voskcoin/ VoskCoin Decentralized Tube - http://bit.ly/VoskCoindTube VoskCoin Official Donation Addresses, support appreciated! BTC - 12PsgKuhcJrEqJbD3oMN7rcEcuyqyqRznL ETH - 0xDEe6A2ae293F8C58Ef71649658344BbF382b6e70 ZEC - t1WRoxHVh8vhDJxAr6vpP4zzj3xHGF9ZbgQ ZEN - znb1iNFP6VctF2AhXLXtMsSjP7emvYDmeXR VTC - VdeggL7drzbYeB2eedDeDYe9xPwtPXW8KG KMD - RCbKFSQhNWCqSwuFY8cGwzhDk8zMdYkjDj Doge - DHgX7vJjBsmYcB1GgubGtu3TVJkqQgCG6B XMR - 484HoyS4h2fenvLKQkuUV7FwnJaGK8LMX43tiJ3UZdVU53d2MxFiQ1jbSfyorsXZVs1SvoPVh4nipjd7b4GVgFGmCgygdpV Music used Paper Crowns CC 3.0 - https://goo.gl/6jK8Vi We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to http://Amazon.com and affiliated sites.
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Text Comments (269)
VoskCoin (7 months ago)
Graphics Cards IN STOCK on Amazon - http://geni.us/nti5asr *VoskCoin Patreon* - https://www.patreon.com/VoskCoin VoskCoin Discord Server Invite - https://discord.gg/FGGmS2z Mining Rig Parts IN STOCK on Amazon - http://geni.us/WQd7cCs
Jack Wilson (2 months ago)
as Connor McGreggor would say FOOORK IT!
GG46043 (5 months ago)
Antminer E3: 2150 USD, 800W, 180MH/s does not look like a big competitor for graphic cards
John Simeonidis (6 months ago)
How this is costing right now? 800 or 2400? useless shit!
(〉_〈) arrgh! (6 months ago)
Bitmain is a Chinese Government entity. That Antminer you bought was USED by Bitmain to drive up the difficulty level BEFORE they sold it to you to earn MORE profit. When Monero forked the network difficulty level DROPPED by 80%. Mining Monero is NOW profitable. ETH is a waste of money until it FORKS.
Gigkok Wallet (7 months ago)
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Asuka Payton (7 months ago)
Will "Donate" BITMAIN $250 Coupons (2 Left) for $150 each OBO as well as $420 Coupons (2 Left) for $250 each OBO. LMK
wang zhen (7 months ago)
Stop Asic!!!!!
Harley Sportsman (7 months ago)
Now that these are selling the same unit for $1800 USD it isn't that good a deal for the risk --> https://shop.bitmain.com/product/detail?pid=00020180407155628542Kh79QU7M0649
Tann (7 months ago)
Sry for dumb question but what does he mean by for kit? What does it mean?
Bartosz Maj (7 months ago)
Fuck centralisation and then buy Nvidia or AMD cards, only two companies making core parts - gpu. Where is logic in that?. Funniest thing - both companies have headquaters almost right on each other in Santa Clara. This is your decentralization?. When their IT guys are going for coffee together on each break? Asics are cure for all of this crypto nonsense, anyone can buy, and companies making them (not only bitmain) are not in such close relations like AMD and Nvidia. Only big owhers of thoose currencies have sole interest to fork them in order to maintain their ownership status, too bad most people are too dumb to see it.
EffingPilot (7 months ago)
Look, Bitmain got hammered with the monero fork. Look at the price drop on the ASIC. The E3 is most likely a detuned F3. Bitmain releases a "slow" eth miner to see what the devs do. No fork, then the F3 gets drop sometime later, only doing 500+mh. Something to think about.
Russ Nordstrom (7 months ago)
@Vosk can you please review https://asicminermarket.com/product/am200-ethereum-miner-batch2-200mhs-can-for-all-gpu-coin/ Thank you.
Hung-Lun Hsia (7 months ago)
ASIC resistance doesn't mean ASIC proof. Vitalik has even commented early on that eventually there would likely be the creation of an ASIC machine for ETHASH if the algorithm proved profitable enough for the creation of a more efficient machine. Ultimately, bitmain and any other ASIC producer will chase the most profitable algorithms. The same reason us miners chase the most profitable coin. Very few people are truly altruistic and run nodes or secure the network with hashing power without any gain on their part (not always purely financial). I bet these things are already running in their mining facilities, kind of makes sense considering that the ETH mining took a substantial hit in difficulty about 2-3 weeks prior to this announcement.
Tuan Le (7 months ago)
They will fork it unless Vitalik or some dev is being paid by Bitmain
Alkanin (7 months ago)
You didn't even mention the fact that they won't be shipped till around July..... Fork it
KeweKrypto 12 (7 months ago)
Why do the miners whining about bitmain sound exactly like the gamers whining about miners? I thought the miners think the gamers should suck it up and deal with it? Shouldnt the miners do the same?
Michael D (7 months ago)
Can it mine other coins
jeremea jhone (7 months ago)
Zcash King ...Stop Asics
SevenShade (7 months ago)
Does a hardfork mean gpu miners are obsolete for ETH?
Urban LiT (7 months ago)
Any idea on Straks coin ??
Dravon Thatcher (7 months ago)
I've stated before that i do like asic miners, but I think they need to stick to LTC and similar algos. It should be split, asic should leave eth alone... gpu mining is a love for mining in a whole and should always have its place in cryptocurrency
MTS (7 months ago)
Why eth crashed out atm?
Cornell Custom Trains (7 months ago)
And their now sold out.
Cornell Custom Trains (7 months ago)
Hash rate seems comparable or less than what most Eth rigs hash at, so I don't think it's a threat other than price. It's 1/5th the price of an equivalent GPU rig hash rate.
B14NK (7 months ago)
What is the outro song?
Plexus (7 months ago)
Do you think the future for GPU miners is going to be new shit coins? Raven/Pigeon ????? Or will there be some asic retaliation? Also, do you think coin companies have any preference GPU/ASIC mining? How does it affect them, if at all?
ken jorgensen (7 months ago)
Go vote fork https://github.com/ethereum/EIPs/issues/958
Cameron Fischer (7 months ago)
Hope people enjoy their EtHash paperweights when Ethereum switches to POS this year
AstroTech Studios (7 months ago)
Why not make a PCI-e ASIC that adapts it's hashrate depending on network difficulty?
Qunatum Troll (7 months ago)
Someone should disassemble the unit and see whats really is inside the box. Based on specs im somehow sceptical that these are really Asics.
Matt Yarnall (7 months ago)
Performance wise that's pretty much 6 RX580s.
Dorian Gray (7 months ago)
If Ethereum forks, it will hurt many people who invested in Ethereum. Miners are few and I am against forking for that. Amd aside from Monero has been a cemetery for mining for many months. Times have officially moved on sadly. Nvidia miners do just about 95% of the new and profitable coins. People invested in Nvidia farms, they don't have AMD farms being made any longer. If Monero doesnt make an AMD centric miner, things are really done for Vega. It is strange how no one makes coins for Vega. It is a scientific powerhouse.
buzzkillean (7 months ago)
Techno Plasmatic (7 months ago)
Hey Vosk! Did you ever mine Verge?
Dkoy Koala (7 months ago)
hahahha time to stream your suicides boys hahahahah
Nickel Tabs (7 months ago)
Another good info vid thanks!!!---Very interesting!!-Bitcoin’s Recent Crash Is Familiar Territory for Veterans-https://goo.gl/iF39RG
Dj Gelo Official (7 months ago)
Dude give up gpus to gamers and use your asics. Why fight and loose money , when you can accept the change and buy those asics. Gamers never had these problems untill they our gpus for dark purposes.
StevenR32685 (7 months ago)
Profitability calculator states that ROI with PSU is around 12 months with a 180 mhs device. When thousands of these hit the market, 180 mhs will effectively be reduced to 120 mhs if lucky, leading to a hardly profitable piece of crap. I'd much rather get 1 Volta when they are released than this glorified paperweight.
Manny Garcia (7 months ago)
Eth should fork like they always said they would. If not, what type of project I'm I backing ?
Abraham Seda (7 months ago)
You can't say PoS is shit and not tell us why.
Electroneum Rich (7 months ago)
$800 doorstop, sign me up
AndTheCorrectAnswerIs (7 months ago)
The E3 isn't scheduled to ship until mid to late July...3.5 to 4 months away. Who knows what will happen by then. If Crypto prices don't go up, I won't be buying any more rigs. Also, by that time new GPUs could be out that are MUCH faster and can still mine multiple algos...unlike the E3. The fact that Bitmain priced this so low is a sure sign that its thought to be a loser by the time it ships.
2000jago (7 months ago)
Their mission statement says "ASIC Resistant" not "ASIC Proof", so by not forking ASIC's off their network they are not at all breaking their mission statement. ETH *HAS* been "resistant" to ASIC's until now... Now that there exists an ASIC that can penetrate this "resistance" I don't see that they're "obligated" to fork it off. (Although that IS what I'd personally like them to do, but if they didn't I wouldn't point to their mission statement and claim they are breaking it.)
Nullzero98 (7 months ago)
I say bring on the ASICs. Lots of reasons. Not in any order: 1) Better for the environment (more hash/watt) 2) Keeps GPUs in the hands of gamers 3) No algo is ASIC proof. Prepare for a re-fork every 6 months if this becomes policy. 4) Consolidation of wealth is NATURAL and UNAVOIDABLE. Deal with it. Look up the "Pareto Distribution". 5) ASICs are good for a network's image. It shows that it's taken seriously enough to build a hardware industry around. Just a bunch of amateur miners up in here (not you Vosk), worried their 4-card rig won't generate that sweet $40 dollars profit every month. Get over it. Crypto mining is a business. You want to make the big bucks? Then put some real skin in the game. Go raise some venture capital, or get a loan, and build a real farm that makes real money. Don't whine about "consolildation" and "bitman", when you are "mining" ETH from your wife's bathroom. Go big, work hard, and embrace change. That's how you succeed. That's how Vosk is succeeding.
Daniel Jaksic (7 months ago)
hi has any one got minepeon working on the raspberry pi3 B yet if so please help. I have got the raspbian os working but when i put the minepeon so in it i get no boot up at all and putty dose not find the minepeon but will on the raspbian. please email me at (danieljaksic35gmail.com) or if it Australia /Perth we can chat.  cheese  :( ??? ???
1988RNT (7 months ago)
Fork, fork, fork. Make those asic useless
майнинг это класс
Bedi O (7 months ago)
ASICs are Cancer
Prithviraj Chavan (7 months ago)
dude stop those clickbait images in your video .... ;)
zodiacfml (7 months ago)
I have a rough idea of its performance back then which is multiples of the 256-bit GDDR5 memory found in the RX570,RX580, or GTX 1070. This seems like 6 GPUs per box, 180MH/30 MH. This probably explains its size and weight. My prediction for the price was way off though as I thought it will cost in multiples of a GTX 1070. The price of 30MH/s in the E3 is less than an RX 570 at MSRP. I was truly surprised with the price which means many things. 1-There is no or little shortage of the graphics memory. 2-Cost of the GDDR5 memory is not much. Summary: 1 - It is a loss if one starts to build an eth mining rig today and those who started in February with mining difficulty and GPU costs are high. 2 - We will more likely see price drops on AMD graphics cards soon but not Nvidia. 3 - My eth mining rigs will be useless after the month of July when these E3s becomes online. 4 - It will take a new memory intensive algorithm and coin for my rigs to become useful. I hope for good news to come as I don't want to sell any of my rigs or, better, build more AMD based rigs. I also received email from Bitmain that they increased the limit to 5 miners for each user so mining difficulty will not be gradual. It is truly a wave of bad news since the peak of crypto.
znas serdna (7 months ago)
Sure it's much cheaper than a gpu rig but that's it. We'll have to see whats bitmains production rate of these things before even worrying about it.
ZeeFF (7 months ago)
Make a new Monero vid. How to set up the miner AMD / Nvidia and best setting for the cards. You could use just 1 card . I'm personally having trouble switching from eth. Thx
Dac Deathom (7 months ago)
Go ASICs!!!! at least i won't need to pay 3 times on a video card
meiwah g (7 months ago)
Justus Stern (7 months ago)
That`s not an "Asic" ! Bitmain gathered old graphic cards, ripped off their chips and now sells them to stupid retards for these 180 days lifetime.....
Joshua Israel (7 months ago)
It's an ok option, 180 mh with 800 watt is on par with GPUs, now the problem is how reliable it is, I know if I burn a gpu I open an RMA and get a new one in the mail after a week, with bitmain if it burns in a month you out of $800
Vatsalya Verma (7 months ago)
ether become dash people will buy like crazy and it will clocked and daily earing 5 bucks
bwar (7 months ago)
Is this even an ASIC? Strikes me as a cheaper GPU rig. It looks like it's about the size of 5-6 GPU's and shockingly has the power of 5-6 GPU's. The wattage seems like an improvement and the price is great but that's about it.
chaba72 (7 months ago)
why would anyone make, buy , sell, asic for ether, without checking with them first?? dose not make sense .
A Max (7 months ago)
if this is not asic (gpu tech or fpga based), its programmable to the modified algo of a hard fork as its not orders of magnitude more powerful than existing hardware we don't know what the current total hash power of these are or the impact of future hash power if they are mass produced given all that eth will probably stick with the status quo . given the cheap price bitmain have mined them to their usefulness and are dumping them . likely because the general increase in hash power across all platforms has rendered them unprofitable
joan ramos (7 months ago)
I think this is awesome for the first time we have some real competition for AVGA and MSI. What they are going to do now. They can’t change whatever they want for GPU not more. We need to see the good side because at the end of the day we are miners for the profit not for fun or because we love GPU. I think the price is right.
cbj324jkl234jk234 (7 months ago)
How come you said you support monero forking asics off the network but you beat up sia devs for talking about doing the same thing?
VoskCoin (7 months ago)
they wanted asics and got their asics /thread
cbj324jkl234jk234 (7 months ago)
VoskCoin you're reasoning in the sia vid was that forking asics off was not decentralized and crypto is meant to be decentralized.... Guess ethereum is centralized now
VoskCoin (7 months ago)
Because they promoted ASICs and were/are? planning to bring their own ASICs to their network.
Rob B. (7 months ago)
Fork! Mind you guys, Vitalik is not supporting a fork. Be vocal! Save your investments
chebz (7 months ago)
What's the point? Eth will soon be under $100, even ASICs aren't profitable anymore.
synth505 (7 months ago)
Did they encase 6 rx580's.... cause that's almost exactly the hash rate and wattage draw of 6 cards with no undervolting.
fu4ien (7 months ago)
I'm not gonna lie, I like the price, but I hate ASIC's noise.
Gen Remi (7 months ago)
You should make a tails video
AresROC (7 months ago)
Why announce something that won't be delivered until July? Maybe they are testing the water to see what the Eth community's response would be, so they can figure out how much to invest in the NEXT version of E3 with 4x hash rate. Its virtually risk free for them to mine with E3 until July and then dump them on individuals bad with math ?!
Daniel Bryant (7 months ago)
"POS sounds like a POS to me" HAHAHAHAHAHAHA!
TODD SWENSON (7 months ago)
So you spend 1000 bucks on a dedicated machine that you couldn't build for less than 1800-2400 or could you? You wire the monies and you wait at least 3 months. I don't know very much about the future but that sure seems like a bit of a risk considering that these organizations can put together a fork if and when they need to and that the difficulty will keep going up. The price seems almost as if they're cheap selling to help guarantee turn on these machines. Are they planning on using them before they deliver, are they already built or are they trying to call a possible bluff on the fork issue? They have limited the number to one per customer. Are they trying to prove they can build equipment and deliver without harming the ecosystem? If they deliver and the price of hardware to build an equivalent machine with GPU's is still high and nobody forks it could be a very good deal. It's all so crazy. My head hurts. I gotta go.
CryptoM (7 months ago)
Just hard fork another Pow and stay Pos as plan out. Anybody can create there own forks anyway and make easy millions! lets see which one is effective.
Lorenzo Decaria (7 months ago)
don't know, I'm mining ETH with 4x Vega 64 and I'm at 176 MH/s @ 820watt... so no big difference with E3 Antminer. Yeah, it is much lower investment... but I feel in the future it will just be an expensive metal coffee table
Crypto 4Techs (7 months ago)
Thanks for mentioning Eth EIP #958 Vosk! Good video as usual. Everyone who wants Eth to fork, make your voice heard on that EIP! https://github.com/ethereum/EIPs/issues/958
Austin Foster (7 months ago)
Complaining about ASIC's is like the dudes with all 1060's whining their hashrate is lower than their neighbor with all 1080's.
Austin Foster (7 months ago)
These GPUs from AMD and Nvidia weren't meant for compute performance in these types of scenarios. It's one of the reasons they have limited vram compared to Quadro or FIRE cards. ASIC is the future, why fight an uphill battle?
Adi Adiii (7 months ago)
You all naive , gpu mining will be dead in future. Probably sell your cards while still worth something. The race to make universal mining machines has started.
MineAllDayAllNight (7 months ago)
This ASIC puts it at a comparable efficiency to GTX 1060 rigs of the same hashrate. Why fork. Isn't the idea behind forking this rhetoric that an ASIC means centraliztion. How does this lead to centraliztion if its comparable efficiency to AMD and Nvidia hardware. Now the duopoly of AMD and Nvidia hardware is over and a third player is in town. Isn't that good good for decentralization and for GPU prices? People have lost all sense of logic they're just gaining up on Bitmain because it's a popular thing to do.
Michael Furmaniak (7 months ago)
What am I doing wrong that I cannot display https://shop.bitmain.com? I have been just getting an empty page for the last couple of weeks
Chris Buckler (7 months ago)
I totally agree. No point boasting ASIC Resistance and letting ASICs rip away... This is Ethereums chance to prove it is everything it claims to be.
hardcoreteunes (7 months ago)
why would they sell 1 per miner if the case was that bitmain thinks there is no purpose for them xD they rather sell multiple to miners XD
g00dnatur3 (7 months ago)
guyz, you can easily get 210mh for 960-970watt of 7x rx480 reference design... on a 1000w power supply... This miner which wont be available til july/ausgust is barely more efficient than reference rx480s... if you have nitro sapphire you can get even better performance-to-watt efficiency.. furthmore with a special hacked version of claymore you can eliminate dev fees... dont waste your money on this asshole-ish company bitmain
trevor leonard (7 months ago)
Fork off Bitmain
VC-Crypto (7 months ago)
Since it is now released you can guess how long Bitmain have been mining with them before the release. The cost shows they want to sell as many as poss before they become redundant from a fork.
Freaky Biggles (7 months ago)
Great post. This is just another reason I like DGB because of the 5 algos and DigiShield. Not shilling a coin however it's just crazy how much DGB has front run a lot of the "new" problems these days and it's still stupid under valued.
Rocco's Modern Lifestyle (7 months ago)
Its not an ASIC.
Sebastian Dienst (7 months ago)
that performance is rather underwhelming... ROI of 800 days for me... wait, 800?
Morné van der Watt (7 months ago)
Bitmain should start making mining gpu's
Stilianos Tzouvaras (7 months ago)
800$ is an impressive price I have to admit
Ara Baltayan (7 months ago)
180 MH/s for 800Watts is weak.
Soft Womble (7 months ago)
I wonder what the noise level will be on these with double the number of those whining fans
ken jorgensen (7 months ago)
Good vid Vosk :) i would like to poke a fork in that E3 ,,a temporarly solution till ETH and ETC fork (which they will, ETC more than ETH since they staying POW) was about a Smart contract that will make an heavy use of the GDDR5 on GPU and will give a damn hard time to the poor ddr3 in asic and will result with a massive MH drop https://cointelegraph.com/news/monero-and-siacoin-reject-bitmains-asic-miners-who-could-be-next
David (7 months ago)
Bitmain is not calling this an asic. It looks like a modified gpu miner. No where in their description does it say asic. If Ethereum forks all they might have to do is update firmware. This could be a way to mess with Ethereum developers. Get them to fork and just update firmware thus winning their war against anyone who would challenge them.
Michael (7 months ago)
I've been following you for a while, I understand your stance on asic however your videos as of recent have been more of an opinion about asic, in your stand against asic rather than real info about asic Miner Four people coming late in the game buying a GPU from Nvidia or another company is ridiculously expensive. And Asic is a smarter option for some of those people.
MineAllDayAllNight (7 months ago)
Magd Eli the A3 and S9 and L3 plus absolutely are not useless the moment you received them.
Maybe Rainbow (7 months ago)
Minh Van E3 is going to be useless after you receive it, the same shit happen with D3 S9 A3 X3 ex..., it's all a scam by Bitmain, they mine with them until it's not profitable any more and Then they sell them, you're just a new to the game and you don't know what's going on.
MineAllDayAllNight (7 months ago)
Michael and this ASIC isn't damaging to the profitability of your GPU mining rig too so it doesn't screw over you GPUs.
kStuen (7 months ago)
Someone should nuke Bitmain from orbit.
Justin Câmara (7 months ago)
If this is GPU based and just a small form factor without being a real "ASIC" , at this price point, it would be a pretty big threat to ALL GPU algos. Am I the only one hoping that it is actually a really crappy asic rather than just a really cheap/powerful GPU miner?
Justin Câmara (7 months ago)
Also, just replying to myself here, if it is is GPU based and can mine other algos, pretty confident that Bitmain would be mining all algos they can on the DL until people find out about their ability.
Soft Womble (7 months ago)
Basically it’s equivalent to 8x1060 approx same hash and power for about quarter the price (and cheaper if you have a coupon), not sure if there will be a mad rush to fork based on the specs.
thespartenkid (7 months ago)
Hey Vosk, in regards to the whole proof of work thing and regards to devs staying true too their message, Monacoin does exactly what you're saying, they switch algos as soon as an asic comes out, they have it all laid out, went from scrypt to lyra2rev2 a while ago now and if the same thing were to occur, they would simply switch yet again... check it! :) long live HODL!
Cryptomined (7 months ago)
0:59 EIP not IEP
CHAZ HENRY (7 months ago)
Not exactly "released" with an end of July shipping...

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