Summary
TLDR: Bitmain unveils the Antminer S21 Pro mining machine with high hashrate and energy efficiency ahead of Bitcoin halving. Speculation on Bitcoin’s final 4-year cycle and potential extended bear market. Despite uncertainties, Bitcoin remains a global asset with resilience. Innovation in cryptocurrency mining crucial for miners as halving approaches.
Key Points
1. The Antminer S21 Pro mining machine boasts a hashrate of 234 terahashes per second (TH/s) and an energy efficiency ratio of 15.0 joules per terahash (J/TH).
2. Bitcoin trader Bob Loukas suggests that this cycle could be Bitcoin’s final 4-year cycle, potentially leading to an extended bear market.
3. The Bitcoin halving event is approaching, and innovations like the Antminer S21 Pro play a crucial role in advancing the cryptocurrency mining industry.