Dear Steemit Friends,
Bitmain is again making headlines by launching yet another ASIC miner - The Antminer B3. I'm a little behind on sharing this news, and was not able to buy into the first batch because of a recent passing of one of my little Yorkies. It is hard to imagine what an impact something like that can have on your life.
Going back to the topic of the post at hand - The Antminer B3 is an ASIC created by Bitmain to mine the Bytom currency, which is a cryptocurrency which uses AI algorithm as its base. What is interesting about this particular coin is that Bitmain and Bytom have been working together to develop and release this ASIC.
The Antminer B3 can deliver a hashrate of 780H/s while consuming 360W of power so for a home miner this is a perfect solution if you want to get into mining due to it's power consumption and noise, which is expected to be at around 45dB. The price tag on one unit is currently set at $2453 and is expected to ship on May 1st - 10th. I expect a quick ROI for anyone who was able to purchase the initial batch and if Bitmain is in fact backing this new coin, the only direction for the price and value to go, is up up up!! If you aren't planning to buy the machine, I would potentially consider buying some of the coins while they are cheap - of course as most of us need to reiterate this is not investment advice and is a decision that is completely up to you.
If you have been following Bitmain and there expansion into AI technology, you will notice that Bytom is technology that Bitmain is heavily invested in. Essentially rather then just building and deploying ASICs for other cryptocurrencies, they have now also diversified and are essentially creating their own coins now which they have a vested interest in and can specifically design and create hardware for. Bitmain and Bytom were recently at a meetup together to promote the new project and can be seen working closely together to ensure its acceptance in the cryptocurrency space.
You can read more about the above meetup HERE.
Batches of the miner sold out quickly and with Bitmains more balanced distribution method of splitting releases into batches throughout the day, more people were able to purchase the miner.
Below are some additional specs for the Antminer B3 directly from Bitmain's website:
Unfortunately there arent any profitability calculators available for this coin yet, but the current expectation is that miners can potentially make as little as $30 per day or as high as $500+ dollars a day. Currently the coin is valued at a little under $1.00, but I expect the value to rise dramatically as these miners are shipped out and deployed.
As you can see above BTM is seeing a healthy spike in value and I only expect good things as these miners ship and more people get their hands on these coins.
What is Bytom
The technology behind Bytom is essentially a smarter and more efficient (in theory) way of mining cryptocurrencies using AI technology. This is tech that Bitmain has recently invested in. As explained in the following article:
Bytom introduces matrix operations and convolution operations in the hashing process of mining, making miners friendlier to AI ASICs than GPU and CPU. As a result, the calculation required for blockchain consensus can also be applied to the AI hardware acceleration service, which will generate greater social benefits. On the one hand, the mining market will stimulate the market for artificial intelligence, expanding needs for the depth learning of ASIC chips. On the other hand, outdated miners can be applied to AI hardware acceleration services, saving mining costs to provide a win-win outcome.
The next step is proving that this is the next evolution and gaining adoption within the cryptocurrency space. Although I was not successful or as eager to buy into the first batch of miners as usual, I am still regularly refreshing the website to try and still buy a unit because I think (unlike some of the previous ASICs) that this miner will have a greater longevity and more sustainable profitability.
Once and if I get my hands on one, you can be certain that I will post an unboxing and review on it. Stay Tuned!
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Please let me know if you have any questions, comments, or input in the comments section below.
