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Bitmain announces ethereum mining ASIC that carries the hopes of returning GPU prices to normalcy
There were some rumors about this happening in recent weeks. From the specs, however, it's entirely plausible that it could just be a box with some GPUs inside. If that's the best that Bitmain can do, then the designer of Ethash has been highly successful at making the algorithm ASIC-resistant. The only real evidence that it isn't standard GPUs inside is the price tag.
Ah, yes, the price: $800, for 180 MHash/sec. To match that price with GPUs, you'd need RX 570s for $100 each or Vega 64s for $200 each. If Bitmain can produce enough to meet demand, then that will be the end of the Ethereum miners buying GPUs. But that's a big "if", as it would entail them buying a ton of memory--and likely competing with GPU vendors for a limited pool of high-performance memory. In which case, GPU prices could remain inflated for a long time, as if Nvidia or AMD has to pay $200 for the memory alone, the GPU isn't going to show up at retail for $500.
Ah, yes, the price: $800, for 180 MHash/sec. To match that price with GPUs, you'd need RX 570s for $100 each or Vega 64s for $200 each. If Bitmain can produce enough to meet demand, then that will be the end of the Ethereum miners buying GPUs. But that's a big "if", as it would entail them buying a ton of memory--and likely competing with GPU vendors for a limited pool of high-performance memory. In which case, GPU prices could remain inflated for a long time, as if Nvidia or AMD has to pay $200 for the memory alone, the GPU isn't going to show up at retail for $500.
