Bitmain Releases Antminer E3 Firmware Update to Keep It Mining ETH Till October

Mining hardware firm, Bitmain, set to extend the durability of its once “most powerful Ethash miner” from April to October 2020. The mining firm announced a new firmware that will prolong the Ethereum ASIC miners to the latter part of the year.

The company had previously announced its plan to do away with the Application Specific Integrated Circuits (ASIC) ETH-based mining, Antminer E3 come this April. The miners –which typically lasts for two years – were set to be faced out as the directed acyclic graph (DAG) files on the blockchain increased in size.

A risk to Ethereum’s hash rate?

However, according to reports from altcoin mining pool 2Miners, if the Antminer E3 hardware stopped in April, an extended drop in hash rate may be witnessed. Recent events on the Ethereum Classic and Ethereum networks showed a glimpse of E3 miners stopping in April. The risks have pushed the Chinese crypto mining hardware firm to release a firmware upgrade that will prolong the obsolescence of the miners until fall this year in October.

“This new firmware will expand the usage of Double Date Rate (DDR) Memory, as more space is needed to process DAG files,” the statement reads.

According to calculations the miner is expected to become obsolete at a block height of 11,400,000, which is likely to fall in October.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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