They launch an ASIC to mine Ethereum of 65MH/s for US $ 2099, buying one and throwing your money away is practically the same

The Jasminer company presented its new ASIC to mine Ethereum, called “Jasminer X4 Etchash Brick”. This miner reaches 65MH/s and has a TDP of only 30W, which allows the use of totally passive cooling, eliminating the annoying noise of the fans that are usually present in mining rigs.

As explained by the company, the Jasminer X4 has a custom 45x45mm chip and is accompanied by 5GB of memory with bandwidth of up to 1TB/s, which allows it to achieve this previously mentioned high hashrate of 65MH/s, looking like a interesting competition against GPUs.

While its specs look promising, actually buying a Jasminer X4 is pretty much the same as throwing your money away.

While its 65MH/s hashrate with 30W consumption sounds fascinating compared to GPUs, making it seem like a good option, the problem comes in its price: It costs $2099 on Amazon, when an RTX 3070 reaches the same hashrate for a lot less. In addition, it is estimated that in 4 or 5 months ETH2 will arrive, which can no longer be mined by moving to the Proof Of Stake algorithm, so it does not make much sense to spend US $ 2099 to generate profits for only 4 or 5 months.

Estimating that the Jasminer X4 generates about $87 a month, it would take 2 years to recover its profits assuming everything continues as it is now, which obviously it won’t. In the 5 months that remain before moving to ETH2, the X4 will generate 435 dollars, so only 20% of the investment will be recovered, and then it will not be possible to sell it as it happens in the case of GPUs since its only use is mining of Ethereum and other currencies using the Ethash and Etchash algorithms. In this way, buying a Jasminer X4 is the same as throwing $1,600 in the trash.

As always, we recommend that you be careful with your investments and that you do your research well beforehand, since it can happen that people buy this ASIC and then be upset when they realize that they lost 1600 dollars for each ASIC purchased.

What do you think about this ASIC for Ethereum mining? Do you agree that buying one is the same as throwing your money away?

Source: Tom’s Hardware