Ethereum ASIC Chips: ETH Cryptocurrency Mining Equipment?

At a time when the world of crypto is going mainstream, the technology has also been advancing quite a lot. When crypto mining started, it used to take place on GPUs. However, it later advanced to ASICs. This led to the development of crypto coins that were apparently resistant to ASIC mining.

Ethereum ASIC Chips Leading In ASIC Development

One of the leading makers of ASIC miners, Bitmain, is apparently developing an ASIC miner for the Ethereum blockchain. Today, most Ethereum miners use rigs based on GPUs to mine ETH. It has led to the skyrocketing costs of GPUs. The result is that it has led to a serious shortage of GPUs for the gaming sector. However, this may soon become an issue of the past. This is despite the fact that Ethereum was built to be ASIC-proof.

The new miner will apparently be called the Antminer F3. It is rumored that the release will take place in Q2 or Q3 2018. This announcement comes amid reports that Ethereum will eventually switch to PoS. It is also speculated that the price of ETH could finally surpass that of Bitcoin by the end of the year. Thus, some have speculated that this may be an attempt by Bitmain to cash in before the PoS switch happens and the price shoots to the moon.

Ethereum ASIC Chips Potential Board Layout

Rumors indicate that the F3 ETH miner will come with three mainboards. Each board is going to be mounted with six ASIC processors. The processors will each have 32 1GB memory chips of the DDR3 standard. It makes this miner quite powerful. Combined with the low power consumption of Bitmain products, this could put the homemade GPU miners out of business. However, producing these chips may be a hassle due to supply constraints.