A Land Rover a day? It is said that the Ethereum miners have made a lot of money this time

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), author: Wang Jiajian, published with authorization.

Editor's Note: This article comes from

, author: Wang Jiajian, published with authorization.

Data SourcesQKL123

Recently, Ethereum miners are very excited, not only because they have made money, but also because they have been marginalized for too long, and now they can finally stand upright in front of Bitcoin miners and "raise their eyebrows"!

Some Ethereum miners joked: one day a Land Rover, the mood is beautiful.

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Data Sources

In the past week, after more than two months of sideways trading, Ethereum has risen strongly, with an increase of more than 30%. Some analysts believe that Ethereum has broken through the downward trend line and may lead the rise of all cryptocurrencies.

In addition, more news about Ethereum 2.0 has been slowly revealed recently, and after the explosion of DeFi, GAS fees have begun to approach the peak in 2018. The popularity of Ethereum has reached an all-time high. Taking the funding rate of the perpetual contract as an example, it has reached 0.102%, and the annualized interest rate has reached 111%, which shows that there is a strong bullish sentiment.

In the Bitcoin world, after the currency price skyrockets, the demand for mining machines will also increase. The same is true for Ethereum. Yao Binbin, the founder of Frontier Mine, believes that miners are rushing to buy graphics cards and add machines.

However, GPU chips seem to be insufficient... Today, the price of GPU chips has increased dramatically.

According to Zhang Li, the founder of Shenlang Mining Machine, the price increase of GPU is mainly due to the two chip suppliers. Because of the epidemic, the order plan was made smaller and the production capacity was limited. Moreover, they also consciously limit excessive purchases in the mining industry to avoid impacting the subsequent consumer market. Zhang Li predicts that there may be new products coming out after September.

According to media reports, NVIDIA will gradually stop production of RTX 20 series GPU chips. According to the data, since July, the supply has only been about 2/3 of the normal scale in June, and the shortage is serious. One piece less. The reason for the discontinuation is said to be that NVIDIA is going to launch a new generation of RTX 30 series graphics cards.

The graphics card in the market sells one piece less, and the price naturally goes up. But as a senior Ethereum miner, Yao Binbin believes that the increase in chips is actually not as high as the increase in currency prices.

For example, the current mainstream Ethereum mining graphics cards are still 4G graphics cards. Due to the continuous increase of DAG files, these graphics cards will withdraw from the market at the end of 2020 if they are not upgraded. In fact, these graphics cards are slowly failing.

For example, after DeFi became popular, transaction fees on the chain also skyrocketed. Taking a recent block as an example, the block reward is about 3.1 ETH, and the miner’s fee is 1.18 ETH, that is to say, the handling fee accounts for 1/3 of the block explosion revenue.

Interestingly, Yao Binbin believes that many of the miners who have poured into Ethereum recently are Bitcoin miners. According to his calculations, if the payback cycle of Bitcoin mining machines is 600 days, then Ethereum has only more than 200 days.

Take the mining machine that ranks first in the revenue list of Ethereum as an example, and its net daily revenue is about 18 US dollars. What about Bitcoin? $4.50. The former is 4 times that of the latter.

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Data source: Yuchi

From F2Pool, we can see that currently, the Antminer S19Pro has the highest daily net income of Bitcoin mining machines, with a revenue of US$4.62, and electricity costs account for 46%. What about Ethereum? There are 28 mining machines with a daily net income of more than US$5, and 7 mining machines with a daily net income of more than US$10. However, the electricity cost of the above-mentioned 28 mining machines accounts for less than 30%.

This hot scene made Zhang Li very excited. He said that Shenlang mining machine B1 is a GPU mining machine, and the payback cycle has reached 250 days. "If it rises further, it will take 100 days to pay back." At present, their sales are in good condition, and the production capacity in August is being released in an orderly manner.

Today, most of Ethereum is GPU mining machines. In the F2Pool Ethereum mining rankings, only Innosilicon A10 series Asic mining machines are on the top 10 list. On July 25, Wang Shenglin, sales director of Innosilicon Technology, issued an article saying that A10 Pro is hard to find, and the ladder price of this mining machine has been increased by 400 yuan per unit. "Ethereum continues to lead the hot market of cryptocurrencies, and the current price adjustment is small. If the follow-up supply continues to be tight, the price may be further adjusted." He said.