Bitmain Ready To Launch Ethereum Miner; Mining Landscape Changing

Bitmain is ready to launch a new ASIC Ethereum miner, according to some sources. Dubbed the F3, preliminary reports suggest that it will carry 72 gigs of RAM, but the hash rate is not available at this time. It will be launched in the second quarter of this year. The real deal is how will this new product affect the landscape of Ethereum mining in the coming months. With ASIC mining monster Bitmain behind it, it will have an effect, for sure.
Ethereum POW algorithm (the way in that Ethereum is mined) has been better suited for GPUs (Graphics Processing Units), yielding better results in rigs using these kinds of chips. As a matter of a fact, Ethereum farms are comprised of rigs with 8 or 10 GPUs each one. That’s why a move of this kind will certainly affect AMD (the preferred GPU brand for Ethereum mining), and in less grade, NVIDIA too.
These graphics manufacturers have raked in enormous revenue due to the use of these processors to mine Ethereum based crypto-coins. Miners demand has created scarcity in graphics cards, inflating prices and also revenues. This move by Bitmain is expected to shake the GPU market.
If the miner by Bitmain is an efficient rig, revenue and sales of GPU makers are expected to fall significantly this year; they will have to change their pricing structure and focus to keep growing. Ethereum devs have not declared if they will follow the path of Monero, that will change its proof of work algorithm periodically to avoid mining centralization, or if they will do nothing and just let the changes happen. either way, the Ethereum mining landscape is about to change in a big way.

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