Mining, News

Bitmain Technologies Releases New Ethereum (ETH) Miner Amid Industry Shortages

May 5, 2021

Bitmain Technologies Inc have announced that they will be releasing a new Ethereum (ETH) Miner, named the Antminer E9. This new release, which will run on Ethereum’s Ethash algorithm, will join incumbents in the market of GPUs designed for crypto mining, including Nvidia’s Cryptocurrency Mining Processor (CMP). 

However, despite the pending release of the Antminer E9 as the newest application-specific integrated circuit (ASIC) miner, there remains a looming shortage of GPU chips, and it doesn’t look like the situation will be changing anytime soon. Colette Kress, Nvidia Corporation’s chief financial advisor, expects the shortage to continue well into next year, saying that the demand for GPUs continues to exceed the available supply. 

This prediction is supplemented by the fact that production of the Bitmain E9 miners will be limited by an already dry pool. The price of GPUs is expected to rise in light of their anticipated shortage, indicating that the demand for E9 miners will be high. Considering this current climate, GPU prices are more than likely to climb, increasing significantly as demand for them does not appear to be slowing down.

With GPU availability remaining low and demand continuing to remain high, the time is ripe to buy crypto miner units, especially considering that the new year is not expected to bring much change to the global chip shortage. Implications of the current shortage of GPUs have already been felt significantly, so the time is now to invest in miners that remain available through reputable resellers like Wattum Management, whose prices remain the lowest among companies offering both mining equipment and colocation services in the US.

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