1.Bitmain S21+ & S21+Hyd

On October 9-10, 2024, Bitmain participated in the Bitcoin Amsterdam Bitcoin Conference held in Norway. At the conference, Bitmain demonstrated the HW5 mining box previously released at WDMS in the United States, and detailed the new 150MW mining farm deployed in Ethiopia, Africa. The mine uses Bitmain’s own container cooling system and runs on clean hydropower. However, the most eye-catching is Bitmain’s newly released S21+ and S21+ Hydro miners.

2.New product:Antminer S21+

The S21 series (including S21, S21 Pro, S21 XP) is the mainstream mining machine in 2024, and the new Antminer S21+ once again provides customers with a better choice. This mining machine continues to use Bitmain’s latest 5nm chip, while far exceeding the S19 series in computing power stability, pushing mining machine performance to new heights.

• Hash rate: 216 TH/s, powerful hashrate provides stable mining performance, suitable for all types of investors.

• Power consumption ratio: 16.5 J/TH, extremely high energy efficiency makes it one of the most cost-effective mining machines on the market, especially suitable for areas with electricity costs above $0.06.

Based on the current Bitcoin price of $62,500, in areas with electricity costs of $0.05/kWh, the daily income of this mining machine is about $5.93.

3.New product:Antminer S21+Hyd

Compared to the S19e XP Hydro, the S21+ Hydro has significantly improved both hashrate and energy efficiency, and still supports a maximum water inlet temperature of 50°C. More and more customers choose liquid-cooled mining machines because they perform better in temperature control, service life and stability than traditional air-cooled mining machines. Combined with HashZebra’s water cooling system, the miner can adapt to various models of the Hydro series and run stably for more than 4 years, and also provides a 1-year quality warranty service.

• Hash rate: 319 TH/s, supports high-temperature water inlet up to 50°C.

• Power consumption ratio: 15 J/TH, ultra-low energy consumption, more price-competitive than S21 XP Hydro. Suitable for areas with electricity costs above $0.06.

Based on the current Bitcoin price of $62,500, the daily income of this miner is about $9.44 in areas with electricity costs of $0.06/kWh.

4.Industry impact of S21+ and S21+ release

In April 2024, after the Bitcoin block reward was halved, the BTC reward per block was reduced from 6.25 to 3.125. This has greatly increased the difficulty of mining, and the revenue of many listed mining companies has dropped sharply since April, and even suffered losses. However, Bitmain’s S21+ and S21+ Hydro provide miners with more room for profit. The launch of these products can help miners make more flexible adjustments when dealing with fluctuations in the financial market.

In addition, the S21 series has also contributed to the use of green energy worldwide, further promoting the environmental transformation of cryptocurrency mining. It is expected that by the first quarter of 2025, as Bitmain gradually delivers these new products, more and more cryptocurrency investors will choose these mining machines. Higher cost-effectiveness, more stable income and shorter payback period will make investors consider buying suitable equipment more carefully. There is no doubt that these two products from Bitmain will become the core equipment of the future Bitcoin mining industry, providing technical guarantee for the stable operation of the global Bitcoin network.