Bitmain to Start Shipping New Bitcoin Antminer T21 in January 2024

New Air-Cooled BTC Miner Announced

Bitmain, a major global manufacturer of Bitcoin application-specific integrated circuits (ASIC), has unveiled its latest product, the Antminer T21. This new air-cooled BTC miner can withstand high temperatures and is set to start shipping in January 2024.

Global Release at Blockchain Life 2023 Forum

The world premiere of the Antminer T21 took place at the Blockchain Life 2023 Forum in Dubai, where Bitmain was a "diamond sponsor." The event provided an opportunity for Bitmain to showcase its latest mining device and attract potential buyers.

Support for Various Cryptocurrencies

The Antminer T21 supports the SHA256 mining algorithm, making it compatible with Bitcoin and other cryptocurrencies that use proof-of-work (PoW). This includes forked coins like Bitcoin Cash and Bitcoin SV. With a computing power of 190 terahashes per second and an energy efficiency ratio of 19 joules per terahash, the T21 offers a powerful and energy-efficient mining solution.

Price Protection Plan for Buyers

Bitmain also introduced a price protection plan for customers purchasing the Antminer T21. This plan aims to mitigate the risk of cryptocurrency price fluctuations. Buyers will be compensated in cash if the BTC price falls below a certain level during the protected period. This feature provides added security and peace of mind for miners.

Competition in the ASIC Industry

Bitmain is not the only player in the ASIC industry. Other companies like Canaan, MicroBT, and Bitfury also produce a wide range of mining devices. Canaan, in particular, has been in the market for over a decade and recently launched its new A14 series miners. However, the ASIC industry has faced challenges, with the price per terahash dropping significantly in recent years.

Looking Ahead

The release of the Antminer T21 signals Bitmain's commitment to innovation and providing miners with top-notch products. As the Bitcoin halving in 2024 approaches, the demand for mining equipment is expected to increase. Bitmain and other companies in the industry are preparing for this event and striving to meet the needs of miners worldwide.