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BITMAIN has created a CryptoNight mining ASIC - The Antminer X3

That is an insane hashrate!

BITMAIN has created a CryptoNight mining ASIC - The Antiminer X3

BITMAIN has created a CryptoNight mining ASIC - The Antminer X3

BITMAIN, a creator of Cryptocurrency mining Application Specific Circuits (ASICs) has revealed their new CryptoNight Antminer X3, a unit which can offer extreme levels of performance per watt when compared to regular PC hardware like CPUs and GPUs. 

Today CPUs and GPUs are typically used to mine CryptoNight, Radeon RX Vega GPUs being extremely popular for users of this hashing algorithm. At this time, Ryzen and Threadripper series CPUs are also popular amongst hobbyist miners, though this is set to change with the introduction of the Antminer X3, which is set to start shipping in mid-May.

As an example, a Radeon RX Vega 64 is said to deliver a hash rate of around 1.5KH/s, whereas the Antminer can offer a hash rate of 220KH/s with a power consumption of 550W, with Bitmain calling this hash rate a conservative estimate. These units are expected to become more efficient as they reach their shipping date. 

To put this into perspective, taking an RX Vega 64 GPU's hash rate as around 1.5 KH/s, this unit can outperform a total of 146 RX Vega 64 GPUs, while consuming much less power. This sheer performance is why the Antminer X3 can command a price tag of $11,999. 

  

BITMAIN has created a CryptoNight mining ASIC - The Antiminer X3

 

The problem with ASIC miners is that they quickly increase the difficulty of mining, making standard PC hardware unprofitable, forcing hobbyist miners out of the market while centralising a currency's network to a small number of users who utilise expensive ASIC miners. This centralisation is what has already happened with Bitcoin. 

Monero revealed in February that they plan to make regular changes to their PoW (Proof of Work) hashing algorithm with regular forks at least twice a year. The first of these forks are coming this month, potentially making this miner useless for Monero mining before it is released publically. 

Regardless, CryptoNight is used for a variety of cryptocurrencies, with Monero only being a single example, which means that this miner will still be useful for other cryptocurrencies that use Cryptonight. 

The introduction of ASICs for Monero mining will eventually make mining unprofitable for CPU and GPU miners, taking out one of many hashing algorithms from the PC space. Existing miners in time will likely move to a different profitable algorithm, which means that mining demand will not be affected much by the introduction of Bitmain's Antminer X3.    

You can join the discussion on BITMAIN's CryptoNight Mining Antminer X3 ASICs on the OC3D Forums

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Most Recent Comments

15-03-2018, 10:36:42

RickPlaysWarr
If this is the case, we could be see a huge influx of used GPU's on the aftermarket. And eventually once the shortage of memory is better, new GPU's come back down toward the original MSRP. The SLI 1070 setup I have now is great, yet I want to upgrade my 4790K based rig to something newer. Won't do it unless the GPU situation gets better.

--Rick--Quote

15-03-2018, 10:43:32

WYP
Quote:
Originally Posted by RickPlaysWarr View Post
If this is the case, we could be see a huge influx of used GPU's on the aftermarket. And eventually once the shortage of memory is better, new GPU's come back down toward the original MSRP. The SLI 1070 setup I have now is great, yet I want to upgrade my 4790K based rig to something newer. Won't do it unless the GPU situation gets better.

--Rick--
Problem is that a lot of CryptoNight-based currencies already plan to fork, so the impact here could be lessened a lot. Miners can also move to different currencies, though CryptoNight is popular for Vega miners.Quote

15-03-2018, 12:20:17

cj09bruno
btw many miners have vega 64 and even 56's hashing at or very near 2kh/sQuote

15-03-2018, 14:25:29

WYP
Quote:
Originally Posted by cj09bruno View Post
btw many miners have vega 64 and even 56's hashing at or very near 2kh/s
Yes, but that requires a lot of extra messing around, clocking the memory higher etc possibly a custom BIOS. No matter what way you slice it the ASIC is still over 100X better with an insane hashrate per watt rating.Quote

16-03-2018, 02:19:41

minazz
There are 5 different reasons floating around on why Bitmain has jacked the prices so high, below are a few theories copied from a random Antminer site via Reddit.
Bitmain jacked prices up knowing that if they can get people to buy and bitcoin continues to correct they will still be alright in the end with a massive profit.
Bitmain jacked prices up because the chips used were more expensive and also thought they could price it comparatively to the Baikal miner’s hashing rate.
Bitmain saw how many people bought the D3 and A3 and wants to see how far they can take it.
Bitmain chose this time to jack prices because it will be the very first miner for CryptoNight and they wanted to release the miner before Monero confirms a fork due to the other news of Baikal miner that was also launched recently.
Bitmain knows that people will spend their bitcoin now rather than later due to the correction. Perhaps Bitmain thinks we’re stupid? Who knows.
source: https://buyantminerx3.com here's the Url https://buyantminerx3.com/2018/03/15...mains-history/

One thing is forsure, I can't BELIEVE that Bitmain just sold out. Someone either is VERY stupid, or very rich... OR both! LOL.

This is a total scam from Bitmain, believe me. Nobody jacks prices like this. LOL. read here https://buyantminerx3.com/2018/03/15...mains-history/ and please do not buy, unless you want to take a huge risk!!!Quote
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