There is a lot of talk going on around the new generation of Ethash ASIC miners for mining Ethereum (ETH) that are expected to be released for order in the following few months, although nothing is official or really 100% confirmed, but both devices are expected to have hashrate higher than 2000 MH/s. We are talking about the Innosilicon’s A11 ETH miner and an upcoming device from a newcomer on the mining market, a company called Linzhi that has been getting some attention for a while now. Linzhi Inc was founded by Chen Min, the former CTO of Canaan, a popular name for everyone that has been into crypto mining for a while already as this is one of the first companies to be making Bitcoin ASIC miners – the Avalon miners.
Currently the Innosilicon A10 Pro ETH Miner is the best performing specialized non-GPU-based miner for Ethash with 500 MHS hashrate and 950W of power consumption and a price of $4388 USD (or 0.125933 BTC) as per the official company website (currently all sold out). The alternative is using GPUs for mining ETH and you even might be able to get the same level of performance as the A10 Pro ETH Miner if you go for Nvidia GeForce RTX 3000 series – 8x RTX 3060 Ti or RTX 3070 or 5-6x RTX 3080 or 4-5x RTX 3090 video cards, but unfortunately pretty much all GPUs suitable for mining are currently hard to find and more expensive than usual.
F2Pool did an unboxing and a test of a sample Linzhi Phoenix ETH miner (the video above). The device is supposedly capable of 2600 MHS hashrate for Ethash with a power usage of 3000-3500W. The Linzhi Phoenix E2600M ETH mining devices are supposedly to be up for purchase around March-April this year with a price in the range of 13-15 thousand USD. The main problem with the Linzhi miner is that it has 4.4GB of memory and Ethereum’s DAG file is already over 4GB in size, meaning that the life expectancy of these miners for mining ETH won’t be very long. If they start shipping as announced and you are among the first to get the device you may still end up with just 4-5 months of use for mining Ethereum, though you would still be able to mine other crypto coins with the Ethash algorithm and smaller DAGs. So, maybe everything was great when they started development 2 years ago, but now 4.4 GB is not enough and if they do not manage to increase the available memory by the time of release to the market things might not be looking very good for their sales.
The Innosilicon A11 ETH miner is the other upcoming next-gen ETH ASIC miner. Supposedly the A11 Ethash miner will be delivering 2100 MH/s Ethash hashrate with just 2300W of power usage and should come with 8GB memory. The not so good thing here is that the price will be higher, probably in the range of about 15-16 thousand USD with shipping expected to start somewhere in April-June time. The Innosilicon is probably the better choice if the final end-product specifications turn out to be as the values we are expecting, as even though it may be slower in terms of hashrate, and more expensive as a price, but is also more power efficient and better equipped for long term use with enough onboard memory.
You should also consider the fact that Ethereum (ETH) will be switching from PoW (Proof of Work) to PoS (Proof of Staking) or with other words moving from mining to staking as a model of generating new coins. This transition has already been started, even though mining is still active and will be for maybe 2 years at least, but when looking for a long-term investment in mining hardware you should have things like that in mind. Not to mention that unlike the specialized ETH miners, going for GPUs allows for much better flexibility even though they may not be as efficient in terms of performance for a specific algorithm.