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".

In the early days of the company's development, EBIT miner also had a good market performance. At the end of 2016, Ebang International launched the first Bitcoin EBIT minerE9+, and after the bull market in 2017, EBIT minerE10 performed outstandingly, thus establishing the top three in the mining industry.

With the continuous rise of Bitcoin hashrate, the mining machines with large hashrate and excellent power consumption ratio will be more dominant, while the mining machines with small hashrate and low power consumption ratio will gradually be eliminated. Except for the E12 series, the EBIT miners are all small hashrate machines, but even the EBIT E12, which has the highest hashrate, does not have an advantage in terms of price. In terms of products, EBIT miner is not very competitive compared to its peers.

As far as its core product mining machine is concerned, the main mining machine products provided by Ebang International are EBIT minerE9+, EBIT minerE9 series, EBIT minerE10 series, EBIT minerE11 series, and EBIT minerE12. The 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 popular BTC mining machines are all occupied by competing products such as Antminer, Whatsminer and Hummingbird. Its EBIT miner series does not occupy the hash rate and power consumption ratio of mining machines. Advantage, as the most popular product of Ebang International, the EBIT miner E11 released in October 2018 is also out of the top 20.

In 2018, the EBIT miner E10 mining machine was delayed in delivery, the mining machine yield rate was low, and the failure rate was high, and EBIT miner gave strict compensation conditions. As a result, Yibit’s status in the miner circle plummeted. EBIT miner is starting to fall out of favor with miners.

For miners, the most important things are hash rate, energy efficiency ratio and stability. From these three points, EBIT miner is not dominant. If you want to buy a mining machine suitable for mining Bitcoin, you can contact LLGO, we have a variety of high hash rate mining machines, which can provide miners with the best choice for mining.