Bitmain, a leading global manufacturer of Bitcoin application-specific integrated circuits (ASIC), has set the stage for the release of the Antminer T21. The air-cooled BTC miner boasts an impressive computing power of 190 TH/s. Additionally, it has a remarkable energy efficiency ratio of 19 J/TH.
Unveiling at Blockchain Life 2023 Forum
The world got its first glimpse of the Antminer T21 during its global premiere at the Blockchain Life 2023 Forum in Dubai. Bitmain, a prominent sponsor at the event, took to Twitter on October 26 to share the exciting news.
What sets the Antminer T21 apart is its robust design. It is capable of withstanding ambient temperatures of up to 45 degrees Celsius. Xmei Lin, Bitmain’s Head of Marketing, highlighted the miner’s durability and cooling capabilities, signaling a new era in efficient Bitcoin mining.
Key Features of Antminer T21
- Mining Algorithm Support: The Antminer T21 supports the SHA256 mining algorithm, catering to proof-of-work (PoW) cryptocurrencies like Bitcoin, Bitcoin Cash, and Bitcoin SV (BSV).
- Impressive Performance: With a computing power of 190 terahashes per second, the Antminer T21 delivers unparalleled performance in the world of mining.
- Energy Efficiency: Boasting an energy efficiency ratio of 19 joules per terahash, Bitmain’s latest creation emphasizes sustainability in the mining landscape.
Excitement surrounds the announcement that the Antminer T21 is set to hit the market in January 2024. As miners eagerly await this powerful tool, Bitmain offers a unique opportunity to secure prices in the volatile crypto market.
Bitmain’s Price Protection Plan
To support miners amid potential cryptocurrency price fluctuations, Bitmain introduces the Price Protection Plan for Antminer T21 buyers. Valid until November 25, 2023, this plan shields customers from downside price fluctuations for one, three, or six months.
In the event of a BTC price drop below the strike within the protected period, customers will receive immediate compensation in cash.
The Evolving Landscape of ASIC Mining
While Bitmain unveils its latest innovation, it’s essential to acknowledge the dynamic landscape of ASIC mining. Competitors like Canaan, MicroBT, Bitfury, and others contribute to the industry’s diversity.
Canaan, a pioneer in ASIC mining since 2013, continues its legacy with the release of the A14 series miners on its 10th anniversary. Recent additions to their lineup, the A1466 and A1466I miners, showcase both liquid-cooled and air-cooled options. Further, it emphasizes sustainability in the Middle East.
Challenges in the ASIC Industry
Despite the continuous efforts of industry giants, the ASIC sector faces challenges. The price per terahash for ASIC miners plummeted over 80% from its 2021 peak as of late 2022. This decline is attributed to a flood of new miners entering the market.
In August 2023, Blockstream sought to raise $50 million for the strategic acquisition and storage of mining equipment on secondary markets. This move aimed to prepare for the anticipated Bitcoin halving in 2024, showcasing the industry’s constant evolution.