Bitmain's marquee Ethereum miner will soon be obsolete, putting pressure on the blockchain network's hashrate

Quick Take

  • Bitmain’s Antminer E3 devices are expected to become unable to mine due to the increasing DAG size
  • Developer Kristy-Leigh Minehan has argued that Ethereum miners’ imminent failure could lead to a steep hashrate decline in the next year, creating problems for DApp developers and opening up opportunities for possible reorganization attacks
  • According to Minehan, the only real solution to the ASIC problem is to build up a strong supply chain for Ethereum mining devices – a process which could take years. 
Bitmain's Antminer E3 devices are expected to become obsolete in the coming weeks, and new research suggests that this event could have a long-term impact on the ethereum hashrate.

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