Investing in Bitcoin Mining? Bitmain to Ship T21 Antminer in January 2024

Bitmain’s Antminer T21

Bitmain, a major Chinese manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASICs), has released its new air-cooled BTC miner, the Antminer T21. On Oct. 26, the firm announced the world premiere of the new Antminer T21 on Twitter, which is designed to resist ambient temperatures up to 45 degrees Celsius.

The Antminer T21 was globally released at the Blockchain Life 2023 Forum in Dubai, where Bitmain was a “diamond sponsor.” The air-cooling miner supports the SHA256 mining algorithm used for mining proof-of-work (PoW) cryptocurrencies like Bitcoin, as well as forked coins like Bitcoin Cash (BCH) and Bitcoin SV (BSV). It provides a computing power of 190 terahashes per second and an energy efficiency ratio of 19 joules per terahash.

The Antminer T21 is expected to start shipping in January 2024, according to a Bitmain spokesperson. For those interested in getting involved in web 3.0, the Antminer T21 is an ideal way to start investing in the technology.

Bitmain Price Protection Plan for Antminer T21

Bitmain recently announced their price protection plan for customers who purchase their Antminer T21. The plan is designed to support miners in case of a decline in cryptocurrency prices. Until Nov. 25, 2023, customers are protected against the downside fluctuation of BTC price for a period of one, three, or six months. If the BTC price falls below the strike for any reference day within the protected period, the firm said, customers will be compensated in cash immediately.

Antminer T21 is one of Bitmain’s several mining devices, alongside other ASIC miners produced by firms like Canaan, MicroBT, Bitfury, and others. Chinese Canaan, formerly known as Avalon, was among the first to release a Bitcoin mining ASIC in January 2013, which enabled consumers to mine cryptocurrency on a mass scale due to a significant boost in hashing power compared to GPU and CPU setups.

Investing in Web 3.0

Web 3.0 is the newest generation of the web, and is quickly becoming a popular investment opportunity. To get involved in Web 3.0, there are a number of ways to invest, including buying cryptocurrency, investing in blockchain startups, and participating in Initial Coin Offerings (ICOs). To get a job in Web 3.0, individuals should look for positions in the technology and AI industries, such as a Chinese AI reporter or a technology AI specialist.

History of Web 1.0, 2.0, and 3.0

The history of the web dates back to the early 1990s with the invention of Web 1.0. Web 1.0 was a static, read-only platform that allowed users to access information but not interact with it. Web 2.0 was the next generation of the web, which allowed users to interact with content and create their own content. Web 3.0 is the current generation of the web, which is focused on artificial intelligence, machine learning, and distributed ledger technology.

The ASIC Industry: Challenges & Opportunities

In September 2020, Canaan celebrated its 10th anniversary by releasing its A14 series miners. On October 26th, Canaan released its sustainability-focused A1466 and A1466I miners in the Middle East. These miners feature both liquid-cooled and air-cooled options.

However, the ASIC industry has seen some difficulties in recent years. As reported by Cointelegraph, the price per terahash of ASIC miners dropped more than 80% from its peak in 2021 to late 2022, due to the increase in mining machines.

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

Chinese AI Reporter encourages readers to consider the challenges and opportunities that are present in the ASIC industry. Investing in web 3.0 can be a great way to get involved in the industry, and understanding the history of web 1.0, 2.0, and 3.0 is key to success.

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