Bitmain has unveiled a mining system called the Antminer E9 that boasts an incredible Ethereum hash rate of 3 GH/s. As pointed out in Wccftech’s coverage, that’s equivalent to 25 NVIDIA GeForce RTX 3090s (120 MH/s per unit), 32 GeForce RTX 3080s (94 MH/s per unit), and 115 CMP 30HXs (26 MH/s per unit). Despite its predictably insane power draw (2,556 watts), owners in the U.S. could leverage its performance to make nearly $240 per day based on the nation’s average electricity rate of 13.19 cents per kWh.
If the price for the Antminer E9 falls between $20,000 to $30,000, the time to break even will fall between 85 days to 127 days. It’s certainly a much better investment than 25 RTX 3090s which would cost around $75,000 on the resale market putting the time to break even at 311 days in the best-case scenario assuming that electricity is cheap and the value of Ethereum stays the same.