Bitmain, a major global manufacturer of Bitcoin (BTC) Application Specific Integrated Circuits (ASICs), has officially released its new air-cooled Bitcoin mining machine, the Antminer T21.
Bitmain posted on Twitter on October 26 declare The new Antminer T21 has made its global debut. This is the company’s new air-cooled mining machine that can withstand ambient temperatures up to 45 degrees Celsius.
according to Xmei Lin, head of marketing at Bitmain, said that the global launch of the Antminer T21 took place at the Blockchain Life 2023 forum in Dubai, where Bitmain used to be “Diamond Sponsor”.
Bitmain’s new mining machine is expected start A spokesperson for the company told Cointelegraph that shipments will occur in January 2024. The air-cooled mining machine supports the SHA256 mining algorithm and is used to mine proof-of-work (PoW) cryptocurrencies such as Bitcoin, as well as forked coins such as Bitcoin Cash (BCH) and Bitcoin SV (BSV). T21 provides a computing power of 190 terahash per second, with an energy efficiency ratio of 19 joules per terahash.
At the event, Bitmain also offered Antminer T21 buyers the opportunity to access the Bitmain Price Protection Plan, which is designed to support miners in the event of falling cryptocurrency prices. The program is valid until November 25, 2023 and allows customers to be protected from downward BTC price fluctuations for 1, 3 or 6 months.
If the Bitcoin price falls below the strike price on any reference day during the protection period, customers will receive cash compensation, the company said, adding that compensation should be paid “immediately following the triggering event.”
The Antminer T21 is one of several mining rigs from Bitmain, along with various ASIC miners produced by Canaan, MicroBT, Bitfury and other companies.
China’s Canaan (formerly known as Avalon) was one of the first companies in the world to release a Bitcoin mining ASIC in January 2013, enabling consumers to Ability to mine cryptocurrencies at scale. .
related: Bitcoin ASIC maker Bitmain suspends employee salary payments: report
Ten years after releasing its first mining rig, Canaan is still launching new mining rigs. In mid-September, Canaan officially freed The tenth anniversary of its newly launched A14 series of mining machines. October 26, Canaan roll out It focuses on sustainable development of A1466 and A1466I mining machines in the Middle East. The new mining rigs come with liquid cooling and air cooling options.
Although companies such as Canaan and Bitmain are eager to launch new mining equipment, the ASIC industry has encountered some challenges in recent years. As Cointelegraph previously reported, the price per terahash of ASIC miners fell by more than 80% by the end of 2022 from its peak in 2021, as new miners continued to flood the market.
In August 2023, blockchain technology company Blockstream sought to raise $50 million to purchase and store mining equipment on the secondary market in preparation for the 2024 Bitcoin halving.
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