Innosilicon is Set to Release a New ETH Miner, as ETH Breaks Record High

Innosilicon is Set to Release a New ETH Miner, as ETH Breaks Record High

As Ethereum (ETH) records new all-time highs in 2021, miners on the Ethereum network are making more profits than ever. That said, miners are running on limited time, ETH developers are working on switching to a proof-of-stake (PoS) consensus mechanism.

Despite the limited time, miners are focusing a lot of hashing power on the Ethereum blockchain, with reports of about 0.490883 petahash per second (PH/s) getting channeled into the network. Mining rig manufacturer Innosilicon currently makes the top two most profitable ETH mining rigs according to a new report. Bitmain’s ethereum-based Antminer E3 and G2 follow behind, respectively.

Going by today’s ETH exchange rate ($2,050) and $0.12 per kilowatt-hour (kWh), Innosilicon’s A10 Pro+ (750 MH/s) secures more than $77 per day in profits. Meanwhile, the company’s lower-end 500MH/h model (A10 ETHMaster) can rake in about $51 per day by leveraging on today’s exchange rate and the $0.12 per kWh electricity rate.

The New 2000 MH/s A11 Pro ETHMaster
A recent report from Chinese company Weibo shows that Innosilicon is set to release a successor to the A10 miner series, the A11 Pro ETHMaster. The new miner will wield 2,000 MH/s, creating opportunities for the user to rake in more than $200 per day in profit per machine, at $0.12 per kWh.

The A11 Pro ETHMaster.

The price for the new machine is yet to be made official, but reviews have specified that it consumes about 2,300W on average and has an 8GB memory capacity. The A11 Pro ETHMaster is set to get launched in July 2021, according to asicminervalue.com.

According to the company’s webpage, with “processes from 55nm to 5nm, Innosilicon has set a record of more than 200 tape-outs and achieved 100-thousand licensed FinFET wafers production per year at a 100% success rate.”

Ethereum recorded a new all-time high of $2,145 on April 2.

 

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.