Can EBIT miner mine bitcoin? Is it worth buying?

Ebang International is an application-specific integrated circuit (ASIC) chip design company and bitcoin mining machine manufacturer. The main mining machine sales brand is "EBIT miner". At the end of 2016, Ebang International launched the first Bitcoin EBIT mining machine E9+, and after experiencing the bull market in 2017, the EBIT mining machine E10 performed brilliantly, thus establishing the top three in the cryptocurrency mining industry.

In the initial stage of Ebang International's development, EBIT mining machines also performed well in the market. As the computing power of Bitcoin continues to rise, mining machines with high computing power and excellent power consumption ratio will be more dominant, while mining machines with low computing power and low power consumption ratio will gradually be eliminated. Except for the E12 series, EBIT mining machines are all machines with small computing power, but even the EBIT E12 with the highest computing power does not have an advantage in price. With the development of time, in terms of products, EBIT mining machines have no advantages compared with their peers.

The core product of EBIT mining machine

As far as its core product mining machines are concerned, Ebang International mainly provides mining machine products including EBIT minerE9+, EBIT minerE9 series, EBIT minerE10 series, EBIT minerE11 series, and EBIT minerE12. EBIT minerE9 series, EBIT minerE10 series, and EBIT minerE12 are all 10nm mining machines, while competitors have launched 7nm mining machines.

According to F2pool data, the top ten BTC mining machines are all occupied by competing products such as Antminer, Whatsminer, and Hummingbird. Its EBIT mining machine series does not take advantage of mining machine computing power and power consumption ratio. As the most popular product of Ebang International, the EBIT mining machine E11 released in October 2018 also fell out of the top 20.

Due to poor performance in the field of cryptocurrency mining, EBIT mining machines have not launched new products worth buying since 2018. Therefore, in 2023 today, it is out of date for EBIT mining machines to mine Bitcoin.

How EBIT miners came to an endFrom 2016 to 2017, the market share of EBIT mining machines once reached the top three in the industry, so how did it gradually end? It all starts with the launch of the E10 EBIT mining machine in 2018. The delayed delivery of this mining machine has already made users very dissatisfied. What is even more annoying is that the failure rate of this mining machine is still very high.

Due to the relatively large defects in the product, a considerable number of users have filed compensation claims, but the EBIT mining machine has given strict compensation conditions, and most miners have not received reasonable compensation, which has caused the goodwill of the EBIT mining machine to plummet , a considerable number of miners are no longer willing to buy EBIT mining machines.

In addition to the sharp drop in goodwill, what led to the decline of EBIT mining machines is also related to their uninspiring product development route. For investors who want to mine, the most important thing for a mining machine is computing power, energy efficiency ratio, and stability. From these three points, the EBIT mining machine has not delivered a satisfactory answer.

Based on the above information, if you want to buy a mining machine suitable for mining Bitcoin, EBIT mining machine is not a good choice

What is the profitability of the EBIT mining machine E12+?

The EBIT mining machine E12+ is a new member of the Ebit series released in September 2019. The new device is an improvement over the previous model, which has a hashrate of 44Th/s. Ebit E12+ has a peak hash rate of 50Th/s, a power consumption of 2500W, and a power efficiency of 0.05j/Gh. This miner uses the SHA-256 algorithm and can be used to mine bitcoins.

But judging from the hash rate of this mining machine, this is already an outdated Bitcoin mining machine. Since the current price of Bitcoin is at a low point, it is unprofitable to use the EBIT mining machine E12+ to mine Bitcoin.

Frequently Asked Questions:

Q1:How to manage EBIT miners?

A1:If you want to manage your EBIT mining machine, you need to go to the EBIT official website to download the latest version of the management tool. Unzip the downloaded compressed package, and you can see the EbitMinerMini software running diagram. Open the EbiteMinerMini.exe file - select "LAN Use" to enter the IP address management interface. Next, you can manage your EBIT mining machine according to the prompts.

Q2:Can EBIT Miners Mine Bitcoin?

A2:An EBIT miner can certainly mine bitcoins, but it is not the best choice for mining bitcoins. For Bitcoin mining machines, the most important thing is the size of the computing power and the stability of the product. Frankly speaking, compared with the products launched by the peers, the EBIT mining machine does not have any advantages. If you currently want to mine Bitcoin with an EBIT miner, then you need to be prepared to lose money.

Q3:How to repair Ebit E12 hashboard?

A3:If you want to repair the Ebit E12 hash board, you can use the special E12 tooling board to run the software (scan chip ID, PLL signal, the hash board is a single-channel 117 chip, which can scan all chips and lock the PLL of each chip). Enter the software version number corresponding to the mining machine on the software, enter the IP of the control board, and enter the test page. Then connect it to the hashboard cable. When performing an ID scan test, connect the power supply to the hashboard. If the voltage is low, it may be caused by the low core voltage of several consecutive chips. It is necessary to exchange the position of the chip with low core voltage and the chip with high core voltage until the 1.8V input is above 2.5V and the 0.75V input is above 1.2V.

Q4:How can I make money with cloud mining?

A4:For those who want to mine Bitcoin but don't want to buy a mining machine, cloud mining may be a good choice. If you want to mine bitcoins at LLGO.COM, you only need to register and purchase your contract to easily mine bitcoins without buying or installing professional mining equipment.