First ethereum ASIC miner unleashed: the end of GPU mining yet again

lordprime (41)in #bitcoin • 6 years ago

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Coindesk has an interesting article on the first publicly-available ETH-mining ASIC from Bitmain. This machine pumps out 180 MH/s.

https://www.coindesk.com/bitmain-confirms-release-first-ever-ethereum-asic-miners/

In comparison, the new miner outguns the Nvidia Geforce GTX 1070 TI at nearly 7x the hashpower. Power consumption is 800 W for the bitmain vs 180 w for the GTX.

This is obviously negative for Nvidia but GPU mining sales are a small portion of total sales. Also Nvidia makes good chips and they have a nice lead on the AI field so any drop in the price of NVDA stock may be a good buying opportunity.

Disclaimer:
No positions here and I'm not initiating an NVDA buy or short here. Will be looking to pickup a GPU on the cheap for my wife's engineering/CAD rig.

#cryptocurrency #crypto #investing #money

6 years ago in #bitcoin by lordprime (41)

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tomsweet (49) 6 years ago

Good post. It will be interesting if code is implemented to 'brick' the miners - similar to what Monero have done in the past...
I did a post about it if interested?

https://steemit.com/ethereum/@tomsweet/ethereum-users-to-brick-asic-miners

Thanks

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lordprime (41) 6 years ago

Thanks, I checked out your post. I believe Vitalik mentioned the possibility in the past but recently said that the Ethereum dev team's efforts were better spent on pushing Casper

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tomsweet (49) 6 years ago

Makes sense - I was surprised to see an ASIC for Ethereum because of PoS/Casper. Would have been nice to see it bricked like Monero have just done though

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