Renowned Bitcoin Application-Specific Integrated Circuits (ASIC) manufacturer Bitmain has made a significant announcement by unveiling its latest air-cooled bitcoin miner, the Antminer T21, set to hit the market for shipping in January 2024.
The global premiere of the Antminer T21 took place at the Blockchain Life 2023 Forum in Dubai, where Bitmain held the title of “diamond sponsor.” This new miner, announced via Bitmain’s official Twitter account on October 26, marks a milestone in the world of bitcoin mining hardware.
Antminer T21 Features
What sets the Antminer T21 apart is its ability to efficiently operate in high-temperature environments, with a capacity to withstand ambient temperatures of up to 45 degrees Celsius, according to the company’s head of marketing, Xmei Lin.
The Antminer T21 is not just an innovation in cooling technology; it also boasts impressive technical specifications. This mining device, scheduled to commence shipping in January 2024, is designed for mining proof-of-work (PoW) digital assets employing the SHA256 mining algorithm. This includes Bitcoin and its forked counterparts, Bitcoin Cash and Bitcoin SV (BSV). The Antminer T21 offers a substantial computing power of 190 terahashes per second, coupled with an energy efficiency ratio of 19 joules per terahash.
Bitmain Miner T21’s Protection Plan
To enhance the appeal of the Antminer T21, Bitmain has introduced a unique offering to potential buyers. Customers purchasing the T21 have the option to enroll in Bitmain’s price protection plan, designed to safeguard miners from adverse price movements.
This protection plan, accessible until November 25, 2023, provides coverage for one, three, or six months, depending on the customer’s preference. Should the BTC price fall below a predetermined threshold within the protected period, customers will receive compensation in cash, with immediate payment upon the triggering event.
A Flood of Miners
The introduction of the Antminer T21 highlights Bitmain’s commitment to delivering cutting-edge technology to the mining community. This comes against the backdrop of an ever-evolving ASIC mining industry that has seen new entrants like Canaan, MicroBT, and Bitfury. Canaan, in particular, was one of the pioneers in introducing bitcoin mining ASICs back in 2013, revolutionizing hashing power compared to traditional GPU and CPU setups.
Interestingly, on October 26, Canaan also launched its sustainable A1466 and A1466I miners in the Middle East, featuring liquid-cooled and air-cooled options.
Despite the innovation and competition within the ASIC mining sector, it is facing pricing challenges. The price per terahash of ASIC miners declined substantially, dropping by more than 80% from its peak in 2021 as new miners flooded the market.
