Bitcoin mining agency Bitmain has formally launched the Antminer T21, a brand new air-cooled Bitcoin miner. The corporate made the announcement right now, October 26, on X.
The Antminer T21 is the corporate’s new air-cooling miner, which may tolerate temperatures as excessive as 45 levels Celsius. The brand new mining gear from Bitmain is anticipated to ship in January 2024.
🔥ANTMINER T21 World Premiere！
🎉An enormous hit of T21！
👍Adjustable from NEM to HEM
🏜️Tolerant to ambient temp. 45°C！
👏Contact BD for extra particulars pic.twitter.com/6HVWC1NsEc
— BITMAIN (@BITMAINtech) October 25, 2023
The BTC miner comes with an power effectivity ratio of 19 joules of power effectivity per terahash (J/TH) and a processing energy of 190 terahashes of processing energy per second (TH/a).
This new Antminer T21 affords extra power effectivity per terahash in comparison with its predecessor, the Bitcoin Miner S21 Hyd, which affords 16.0 J/TH.
As well as, the air-cooling miner is appropriate with the SHA256 mining algorithm, which is used for mining proof-of-work (PoW) cryptocurrencies like Bitcoin, Bitcoin Money, and Bitcoin SV (BSV).
In line with Bitmain’s head of selling, Xmei Lin, the Antminer T21’s world launch passed off on the Blockchain Life 2023 Discussion board in Dubai.
World Premiere of T21 in @BlLife_Forum Thanks for the help
— XmeiLin (@xmei_lin) October 25, 2023
Moreover, the corporate gave pre-order patrons of Antminer T21s an opportunity to get Bitmain’s worth Safety Plan, which is meant to help miners within the occasion that cryptocurrency values drop.
The Safety Plan, which is accessible till November 25, 2023, will protect clients in opposition to the draw back fluctuations within the worth of Bitcoin for a one, three, or six-month interval.
The corporate emphasised that clients will obtain financial compensation within the occasion that the worth of Bitcoin drops beneath the strike on any reference day in the course of the protected interval. The worth on the reference day is the typical Bitcoin worth for twenty-four hours on any calendar day.
Bitmain guarantees to compensate clients “instantly upon the triggering occasion.”
Bitmain Holds Again on Employees Salaries
Bitmain was based in 2013 in Beijing, China, and has rapidly gained recognition as a distinguished world producer of Bitcoin (BTC) mining ASICs.
Nonetheless, the agency confronted a big setback resulting from a contentious power struggle between its co-founders, Wu Jihan and Ketuan Zhan.
Nonetheless, in 2021, Bitmain’s co-founders, Jihan Wu and Ketuan Zhan, reached a resolution within the year-long possession dispute.
In line with the settlement, Wu agreed to step down from his roles as chairman and CEO of Bitmain and promote his possession share to Zhan for $600 million.
Regardless of its success over time, there have been considerations in regards to the well-being of its staff.
As reported by local news sources and corroborated by a number of Bitmain staff earlier this month, the corporate issued a notification indicating that its operational money circulation remained unfavorable in September 2023.
This predicament was compounded by the subpar efficiency of the miners (i.e., the mining machines deployed within the mines).
In response, Bitmain reportedly delayed the disbursement of a portion of its staff’ salaries for September.
Bitcoin ASIC producer Bitmain pauses worker wage funds: Report
Bitmain is without doubt one of the world’s largest ASIC producers.
— Minerium (@MineriumUS) October 10, 2023
These salaries had been slated to be disbursed after the October 7 vacation, contingent on the circumstances at the moment.
As well as, a number of staff disclosed that their performance-based wages for September weren’t solely withheld however half of their primary wages had been additionally subjected to deductions.
Nonetheless, the timeline for the discharge of those withheld wages stays unsure. As of October 8, staff had not acquired their excellent wages, and the year-end bonuses for 2022 had but to be disbursed.