Antminer, a subsidiary of the world’s largest mining machine manufacturer Bitmain, tweeted earlier that it will officially start selling its new application-specific integrated circuit (ASIC) at 9:00 a.m. EST on July 6.) mining machine “AntMiner E9″. According to reports, the new Ethereum E9 miner has a hash rate of 2,400M, a power consumption of 1920 watts and a power efficiency of 0.8 joules per minute, and its computing power is equivalent to 25 RTX3080 graphics cards.
Ethereum miners’ income plummets
Although the launch of the AntMiner E9 mining machine has improved its performance, as the merger of Ethereum is approaching, once it becomes PoS (Proof of Stake) as scheduled, the Ethereum main network will no longer need to rely on the mining machine for mining. Miners can only choose to mine Ethereum Classic (ETC).
In addition, the continued downturn in the market has also caused a sharp drop in the income of Ethereum miners. According to “TheBlock” data, after reaching a record high of 1.77 billion US dollars in November 2021, the income of Ethereum miners began to decline all the way. In the just-ended June, only 498 million US dollars remained, and the high point has shrunk by more than 80%.
Some mainstream mining machines such as Ant S11 have fallen below the shutdown currency price
In terms of Bitcoin miners, according to data from F2pool, one of the largest mining pools in the world, with electricity costs of $0.06 per kilowatt-hour, mainstream mining machines such as the Antminer S9 and S11 series have fallen below the shutdown coin price; Avalon A1246, Ant S19, Whatsminer M30S… and other machines are still profitable, but they are also close to the shutdown currency price.
According to the Antminer S11 mining machine released in December 2018, the current bitcoin price is about US$20,000. Calculated at US$0.06 per kWh of electricity, the daily net income is negative US$0.3, and the profit from running the machine is insufficient. to cover the cost.
Note: The shutdown currency price is an indicator used to judge the profit and loss of a mining machine. Since the mining machine needs to consume a lot of electricity when mining, when the mining income cannot cover the cost of electricity, instead of running the mining machine for mining, the miner can directly buy coins in the market. At this time, the miner will have to choose to shut down.
Post time: Sep-01-2022