Video cards have become more expensive due to the rising cost of Ethereum and their excellent energy efficiency in mining. Recently Bitmainannounced the release of a new ASIC, which is thirty times more powerful than top-end video devices. Perhaps this will cool the market.
A month ago, we talked about the reasons for the highthe cost of video cards. Until now, the 3000 series from NVIDIA has shown the best mining profitability on the Ethereum network. So, at the time of the release of the RTX 3090 model with a starting price of $ 1499 (112 thousand rubles), it paid for itself in 3-4 months of work with an annual income of 300 thousand rubles. This led to a 2.5-fold increase in retail prices and a shortage of video cards on store shelves. ETH is now at all-time highs, which is not contributing to a drop in demand, despite the growing difficulty of mining.
Image Source: StormGain Cryptocurrency Exchange
If the trends continued, gamers would have toIt's a long time to wait for the appearance of top-end devices in stores at close to the recommended prices, however, Bitmain recently announced the characteristics of the new ASIC E9 Ethereum Miner. In its video presentation, the company announced the power of the ASIC at 3 GH / s, which is equivalent to 24 video cards of the RTX 3090 model or 32 - RTX 3080. Power consumption will be at the level of 2.5 kW, while a rig of 24 top-end NVIDIA consumes more than 7 kW.
The release of such a monster on the market will lead to itsredistribution. Firstly, ASIC bypasses rigs from video cards not only in power consumption, but also in heat generation, the removal of which sometimes requires significant financial costs. Secondly, the appearance of such a powerful installation will lead to a rise in complexity, which will make mining on a number of video adapters unprofitable.
Image source: bitinfocharts.com
The estimated profitability indicators are impressive: at a cost of 1 kW * h at 7 rubles. the installation will bring $ 250 per day or over $ 90 thousand per year.
The cost and release date of E9 are unknown, butmanagement will rush to meet the increased demand and sell as many installs as possible before Ethereum moves to proof-of-stake. How soon the demand for video cards decreases depends on the success of Bitmain in the implementation of ASICs. A significant correction in ETH may also lead to this, but at the moment there is no significant reason for it.
Analytical group StormGain
