Bitmain, a leading global manufacturer of bitcoin (btc) application-specific integrated circuits (ASICs), has officially launched its new air-cooled btc miner, the Antminer T21.
Bitmain took to Twitter on October 26 to announce the world premiere of the new Antminer T21, the firm’s new air-cooled miner that can withstand ambient temperatures of up to 45 degrees Celsius.
According According to Bitmain’s head of marketing, Xmei Lin, the global launch of the Antminer T21 occurred at the Blockchain Life 2023 Forum in Dubai, where Bitmain was a “diamond sponsor.”
Bitmain’s new mining device is expected shop.bitmain.com/product/detail?pid=00020231025110633223f8vE5pxQ06AB” target=”_blank” rel=”noopener nofollow”>begin shipping in January 2024, the company spokesperson told Cointelegraph. The air-cooled miner supports the SHA256 mining algorithm used to mine proof-of-work (PoW) cryptocurrencies like bitcoin, as well as forked coins like bitcoin Cash (BCH) and bitcoin SV (BSV). The T21 provides a computing power of 190 terahash per second and an energy efficiency rating of 19 joules per terahash.
At the event, Bitmain also offered Antminer T21 buyers the opportunity to get Bitmain’s price protection plan, which is designed to help miners in the event of a drop in cryptocurrency prices. Available until November 25, 2023, the plan allows customers to be protected against downward btc price fluctuation for a period of one month, three months, or six months.
Clients will receive cash compensation if the btc price falls below the strike price for any reference day within the protected period, the firm said, adding that compensation will be paid “immediately after the triggering event.”
Antminer T21 is one of several mining devices from Bitmain, produced alongside a wide variety of ASIC miners by other companies such as Canaan, MicroBT, Bitfury and others.
China’s Canaan (previously known as Avalon) was one of the first companies in the world to launch a bitcoin mining ASIC in January 2013, allowing consumers to mine cryptocurrencies on a large scale due to a significant increase in the power of hash compared to GPU and CPU configurations. .
Related: bitcoin ASIC Maker Bitmain Suspends Salary Payments to Employees: Report
Ten years after launching its first mining device, Canaan is still producing new mining machines. In mid-September, Canaan officially released its new A14 series miners on their tenth anniversary. October 26, Canaan thrown out its A1466 and A1466I miners focused on sustainability in the Middle East. The new miners feature liquid and air cooling options.
Even as companies like Canaan and Bitmain rush to introduce new mining devices, the ASIC industry has faced some challenges in recent years. As Cointelegraph previously reported, the price per terahash of ASIC miners plummeted more than 80% from its peak in 2021 to late 2022 amid new miners continuing to flood the market.
In August 2023, blockchain technology company Blockstream sought to raise $50 million to purchase and store mining equipment in secondary markets in anticipation of the bitcoin halving in 2024.
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