Bitmain, a significant international producer of Bitcoin (BTC) application-specific built-in circuits (ASIC), has formally launched its new air-cooled BTC miner, the Antminer T21.
Bitmain took to Twitter on Oct. 26 to announce the world premiere of the new Antminer T21, the agency’s new air-cooling miner that may stand up to ambient temperatures up to 45 levels Celsius.
According to Bitmain’s head of promoting, Xmei Lin, the Antminer T21’s international launch occurred on the Blockchain Life 2023 Forum in Dubai, the place Bitmain was a “diamond sponsor.”
Bitmain’s brand-new mining machine is predicted to start shipping in January 2024, the corporate’s spokesperson instructed Cointelegraph. The air-cooling miner helps the SHA256 mining algorithm used for mining proof-of-work (PoW) cryptocurrencies like Bitcoin, in addition to forked cash like Bitcoin Cash (BCH) and Bitcoin SV (BSV). The T21 gives a computing energy of 190 terahashes per second and an power effectivity ratio of 19 joules per terahash.
At the occasion, Bitmain additionally provided Antminer T21 patrons a possibility to get Bitmain’s value safety plan, which is designed to assist miners in case of a decline in cryptocurrency costs. Available till Nov. 25, 2023, the plan permits clients to be protected in opposition to the draw back fluctuation of BTC value for a interval of 1 month, three months or six months.
Customers will get compensation in money if the BTC value falls beneath the strike for any reference day throughout the protected interval, the agency stated, including that compensation shall be paid “immediately upon the triggering event.”
Antminer T21 is considered one of Bitmain’s a number of mining gadgets, produced alongside a large variety of ASIC miners by different companies like Canaan, MicroBT, Bitfury and others.
Chinese Canaan (previously generally known as Avalon) was among the many first companies in the world to release a Bitcoin mining ASIC in January 2013, which enabled customers to mine cryptocurrency on a mass scale due to a big increase in hashing energy in contrast to GPU and CPU setups.
Related: Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
Ten years after releasing its first mining machine, Canaan nonetheless produces new mining machines. In mid-September, Canaan formally released its new A14 collection miners on its tenth anniversary. On Oct. 26, Canaan launched its sustainability-focused A1466 and A1466I miners in the Middle East. The new miners function liquid-cooled and air-cooled choices.
Despite companies like Canaan and Bitmain speeding to introduce new mining gadgets, the ASIC trade has seen some challenges in latest years. As beforehand reported by Cointelegraph, ASIC miners’ value per terahash plummeted more than 80% from its peak in 2021 as of late 2022 amid new miners persevering with to flood the market.
In August 2023, blockchain know-how agency Blockstream sought to elevate $50 million to purchase and store mining equipment on secondary markets in anticipation of the Bitcoin halving in 2024.
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