Bitmain unveils Ethereum-mining ASIC

Bitmain, a manufacturer of mining equipment, will release a new model designed to mine the second-largest cryptocurrency.

#AntminerE9 is coming soon! Ready to set the world on fire! #Bitmain #Antminer #ETH #ethereum pic.twitter.com/NAFzE8F3iu

— Antminer_main (@Antminer_main) April 16, 2021

The Antminer E9 model is compatible with the Ethash algorithm. The company did not disclose detailed technical specifications or the price of the device.

According to journalist Colin Wu, the Antminer E9’s hashrate from Bitmain could be around 1500 MH/s.

Breaking: Bitmain announced the release of the Ethereum ASIC mining machine E9, which may reach about 1500M hashrate. Bitmain’s E-series ETH ASIC mining machine once caused fear in the ETH community. E9 may accelerate the promotion of POS2.0. pic.twitter.com/Ofi75ZaCiu

— Wu Blockchain (@WuBlockchain) April 16, 2021

In February 2021, Ethereum miners’ revenues reached a new record, surpassing the $1 billion mark. More than half of that amount came from transaction fees.

In March, miners of the second-largest cryptocurrency earned $1.37 billion. The share of transaction fees in the revenue mix stood at 47%.

In April, the Ethereum mainnet saw the Berlin hard fork took place at block #12,244,000. Four proposals were implemented, including changes to the gas-cost calculation (EIP-2565 and EIP-2929), as well as new transaction types (EIP-2930 and EIP-2718).

Berlin did not include EIP-1559, which would burn a portion of the transaction fees. Its activation is planned for the London hard fork, which is expected to take place in July.