Bitcoin mining efficiency, a pivot to using renewable energy and the debut of the Antminer S21 was the primary focus of Bitmain's WDMS event in Hong Kong.
Bitmain rolled out its next generation Antminer S21 and S21 Hydro ASIC miners at the World Digital Mining Summit in Hong Kong on Sept 22, revealing the crucial performance stats that the entire industry has been waiting for. The S21 has a hasrate at 200 TH/s and an efficiency at 17.5 J/T while the S21 hydro hashes at 335 TH/s and 16 J/T which is notable given that until recently, most Bitcoin ASICS were operating above the 20 J/T level.
was a core theme discussed in a majority of the panels at the WDMS and in the opening roundtable team members from Terrawulf, Core Scientific, CleanSpark and Iris Energy shared their perspectives on how further integration of renewable energy sources will become a critical strategy to implement for many miners after the April 2024 Bitcoin supply halving.
For this reason, miners will either need to increase the percentage of their hashrate that is derived from sustainable energy sources or make efficiency adjustments to their ASIC fleet in order maintain or increase their profitability. “The S21, if reliable, fairly priced, and readily available, and yes,that’s a lot of if’s with Bitmain’s history, could revolutionize the crypto mining landscape with its efficiency. It is basically packing the power of two S19 100T miners into one unit. Despite this, the burgeoning aftermarket firmware market, coupled with hydro/immersion systems, give miners more tools to keep older generation miners, such as the S19, profitable also.
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