Bitmain, a leading Chinese processing hardware manufacturer, made waves in the Bitcoin mining industry with the launch of their new and highly efficient mining machines. The company introduced the S21+ Hyd. and the S21+ models at the Bitcoin Amsterdam Summit in the Netherlands.
The S21+ Hyd. boasts an impressive energy efficiency ratio of 15.0J/T and a single-machine computing power of 319T, meaning it can produce 1T of computing power for every 15 joules. On the other hand, the S21+ model offers an energy efficiency ratio of 16.5J/T and a computing power of 216T, generating 1T for every 16.5 joules. Despite having slightly lower computing power than the S21+ Hyd., the S21+ still stands out with its exceptional energy efficiency, promising miners a stable and efficient mining experience.
Bitmain also announced their support for miners applying for these machines two months in advance, offering to convert the S21+ to S21+ Hyd. with equal computing power. In addition to these new releases, Bitmain unveiled a range of other technology products to cater to diverse customer needs, including the oil-cooled mining machine ANTMINER S21 XP Imm., the air-cooled mining machine ANTMINER S21 XP, and the water-cooled container ANTRACK.
At the 2023 World Digital Mining Summit, Bitmain revealed the Antminer S21 and Antminer S21 Hyd. models, with the latter boasting an energy efficiency of 16J/T and a hashrate of 335T. The surge in Bitcoin mining hashrate, reaching a record high of 697 EH/s, according to data from the Hashrate Index, signifies the growing strength of the Bitcoin network. This increase follows a previous high of 693EH/s in September, highlighting the network’s resilience and growth.
The daily revenue of Bitcoin miners has also been on the rise, currently standing at $33.70 million, as per data from YCharts. However, this revenue has fluctuated significantly, dropping from a peak of $107.76 million in April. In a different development, members of the Grabury community have taken legal action against Marathon Digital Holdings, citing noise pollution and its adverse effects on the environment and local health.
Regulations are crucial in shaping the future of crypto-mining activities, with BitRiver CEO Igor Runets suggesting that Russia may surpass the U.S. in this sector due to favorable regulations. Regulatory developments in Russia have bolstered the country’s position in the crypto industry, emphasizing the importance of a supportive regulatory environment for mining operations.