Bitmain is about to release an ASIC miner for Ethereum. It will have three motherboards inside, each will have six ASICs and 32 x 1GB RAM.
The news from Jihan Wu's Bitmain has been seen as a blow to GPU manufacturers. Stock analysts have downgraded AMD from neutral to negative. The impact on stock price being a predicted $7.50 from it's current $10.44. Apparently 20% of AMD sales are Ethereum related.
News of the ASIC miner for Ethereum might surprise some (it did me) because Ethereum is changing from Proof of Work to Proof of Stake. This would make Ethereum impossible to mine. I was under the impression this would start being implemented soon and fully launched sometime this year.
I also think that the emergence of the ASIC miner wouldn't affect AMD as greatly as proposed. Sure, a lot of people do use AMD's to mine Ethereum but a lot of people don't want to be stuck with a redundant ASIC six months down the road. Exactly like what has happened to each Antminer. A lot of people will just switch coins e.g monero, zcash. At least with a GPU setup you have the option of many different coins and even if there was no mining at all you would be left with something to sell or is usable.
Thanks for reading. If you liked my post then upvote, resteem and/or comment
