Bitmain launches production of Ethash ASIC

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Chinese mining giant Bitmain will release devices for mining Ethash ASIC.

Terms of sale

Bitmain reports that the Antminer E3 “is the most powerful and efficient device of EtHash ASIC in the world.” Devices will be sold at a price of $ 800, and will not be available in China. Also, they cannot be delivered to Hong Kong, Taiwan and Macau. Only one device can be sold per person. Payment will be accepted only in US dollars and Bitcoin Cash (BCH).

With the release of rumours confirmed that Bitmain is working on the ministers Ethash ASIC. Ethash uses the algorithms necessary for mining Ethereum (ETH) and a number of other altcoins.

Community reaction Ethereum

In this regard, many in the community of Ethereum have thought about the hard-core in order to protect themselves from ETH ASIC. The founder of Ethereum, Vitalik Buterin, said that the protocol is already resistant to the centralization of mining in WhitePaper Ethereum.

“First, Ethereum contracts can include any kind of calculation, so ASIC Ethereum will essentially be an ASIC for general computing. Thus, the best processor allows anyone to “poison a well,” producing a large number of contracts in a blockchain specially created to counter certain ASICs. “

In 2017, Bitmain bypassed the income of Nvidia, receiving $ 12 billion for 12 months, and also taking 70-80% of the market of bitcoin and ASIC.

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