Bitmain will start shipping the new Bitcoin Antminer T21 in January 2024

Bitmain, the leading global Bitcoin (BTC) application-specific integrated circuits (ASIC) manufacturer, has officially released 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 company's new air-conditioned miner that can withstand up to 45 degrees Celsius.

Xmei Lin, Bitmain's head of marketing, said the global release of the Antminer T21 took place at the Blockchain Life 2023 forum in Dubai, where Bitmain was a “diamond sponsor”.

Bitmain's new mining rig is expected to begin shipping in January 2024, a company spokesperson told Cointelegraph. The air-conditioned miner supports the SHA256 mining algorithm used for mining cryptocurrencies like Bitcoin and fork coins like Bitcoin Cash (BCH) and Bitcoin SV (BSV). The T21 delivers 190 terahertz of computing power per second and an energy efficiency ratio of 19 joules per terahertz.

At the event, Bitmain offered Antminer T21 buyers the opportunity to access Bitmain's Price Protection Plan, which is designed to support miners in the event of a cryptocurrency price drop. In the year Available until November 25, 2023, the plan allows customers to hedge against BTC price fluctuations for one month, three months, or six months.

Customers will receive cash compensation if the BTC price falls below the strike for any reference day during the restricted period, the company said, with compensation being paid “immediately upon the trigger event”.

Antminer T21 is one of Bitmain's many mining rigs produced by other organizations such as Canaan, MicroBit, Bitfury and many other ASIC miners.

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, allowing consumers to mine cryptocurrency on a mass scale due to the massive increase in hashing power compared to GPU and CPU setups. .

Related: Bitcoin ASIC Manufacturer Bitmain Pauses Employee Wages: Report

10 years after launching its first mining rig, Canaan is still producing new mining machines. In mid-September, Canaan officially released the new A14 series of miners on its 10th anniversary. On October 26, Canaan launched the A1466 and A1466I miners, which focus on sustainability in the Middle East. The new miners offer liquid-cooled and air-cooled options.

While companies like Canaan and Bitmain have rushed to introduce new mining equipment, the ASIC industry has seen some challenges in recent years. As previously reported by Cointelegraph, the price of ASIC miners dropped more than 80% by the end of 2021, as new miners continued to flood the market.

In the year In August 2023, blockchain technology firm Blockstream sought to raise $50 million to purchase and store mining equipment in anticipation of Bitcoin's halving in 2024.

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