Bitmain Ethereum ASIC miner

in #crypto5 years ago

Bitmain is about to release an ASIC miner for Ethereum. It will have three motherboards inside, each will have six ASICs and 32 x 1GB RAM.

The news from Jihan Wu's Bitmain has been seen as a blow to GPU manufacturers. Stock analysts have downgraded AMD from neutral to negative. The impact on stock price being a predicted $7.50 from it's current $10.44. Apparently 20% of AMD sales are Ethereum related.

News of the ASIC miner for Ethereum might surprise some (it did me) because Ethereum is changing from Proof of Work to Proof of Stake. This would make Ethereum impossible to mine. I was under the impression this would start being implemented soon and fully launched sometime this year.

I also think that the emergence of the ASIC miner wouldn't affect AMD as greatly as proposed. Sure, a lot of people do use AMD's to mine Ethereum but a lot of people don't want to be stuck with a redundant ASIC six months down the road. Exactly like what has happened to each Antminer. A lot of people will just switch coins e.g monero, zcash. At least with a GPU setup you have the option of many different coins and even if there was no mining at all you would be left with something to sell or is usable.

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ASICs are disgusting

Wow greate article!
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This post is resteemed and upvoted by @bestboom

Great post i didnt know how much impact mining related cpu sales was having on companies like amd.

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Thx for another informative post. Easy to read.
Please continue up with creating interesting content - it may be hard at the beginning to build reach and solid followers base.
Steemits needs solid content builders so just dont ever give up! :)

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Cheers mate

always mate :)

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