Cryptocurrency mining rig producer Bitmain introduced the pending launch of a new Ether (ETH) miner on Friday. The Antminer E9 mannequin is an application-specific built-in circuit chip that may run on the Ethereum blockchain’s Ethash algorithm.
No official launch date has been introduced for the E9 but, nonetheless, the machine’s arrival may not be as impactful as first suspected. The rig faces competitors within the type of Nvidia’s CMP (Cryptocurrency Mining Processor) vary of GPUs designed particularly for crypto mining. In the meantime, Ethereum’s scheduled transfer away from proof-of-work to a proof-of-stake consensus mechanism may imply the E9’s utility might be short-lived.
Nvidia lately introduced that its CMP vary was anticipated to rake in $150 million in income within the first quarter of the 12 months — 3 times greater than the agency had initially anticipated.
Regardless of the obvious booming reputation of its crypto-specific graphics playing cards, Nvidia chief monetary officer Colette Kress stated on an buyers name this week that the corporate anticipated its GPU shortage to proceed for the remainder of the 12 months regardless of rising provide.
“We expect demand to continue to exceed supply for much of this year […] We will see supply continue to increase throughout this quarter as well as throughout the year,” Kress stated, as reported by The Verge.
Nvidia has struggled to fulfill the demand for GPUs from its core gaming buyer base for a while, as would-be miners wolfed up playing cards to mine Ether and different cryptocurrencies. The phenomenon of Nvidia’s provide shortage first emerged in late 2017 because the bull run of that 12 months attracted extra folks to crypto mining. After cooling off considerably within the following years, the GPU shortage emerged as soon as once more in 2020 and has proven no indicators of abating.
Nvidia additionally introduced on Thursday the launch of a new anti-crypto mining model of the RTX 3060. Earlier this 12 months, the agency launched the RTX 3060 graphics card with a built-in limiter, which made it lower than half as efficient when mining cryptocurrency, as a part of its efforts to separate gaming and mining demand.
Inside days, hackers had been rumored to have bypassed the mining limiter, and just some days later nonetheless, Nvidia shot itself within the foot by releasing an official driver replace that unintentionally eliminated the limiter by itself.
The new model of the RTX 3060 will reportedly retain the identical title and branding however will see the defective driver changed utterly, stories TechRadar.
Whereas Bitmain’s launch of the E9 may appear just a little late, given Ethereum’s eventual transfer to proof-of-stake within the subsequent 12 months or so, the restricted time left to mine ETH may additionally lead to a pointy demand spike as miners search to build up as a lot ETH as doable earlier than the changeover.
We requested Nvidia if it anticipated the discharge of the E9 to assist ease its GPU shortage by diverting demand, or, whether or not the corporate considered the rig as competitors for its CMP vary. This text might be up to date ought to Nvidia reply.