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Bitmain unveils new mining machines during the Netherlands Bitcoin Amsterdam Summit

Bitmain unveils new mining machines during the Netherlands Bitcoin Amsterdam Summit
Chinese processing hardware manufacturer, Bitmain, launched new and efficient mining machines, the S21+ Hyd. and S21+, during the Bitcoin Amsterdam Summit. The S21+ Hyd. has an energy efficiency ratio of 15.0J/T and a computing power of 319T, while the S21+ has an efficiency ratio of 16.5J/T and a computing power of 216T. Bitmain plans to convert S21+ to S21+ Hyd. for miners who apply two months in advance. The company also unveiled other technology products to meet customer demands. The Bitcoin network hashrate reached a historical high of 697 EH/s on October 9th. Bitcoin miners' daily revenue has been steadily increasing since October 1st, currently at $33.70 million. Marathon Digital Holdings faces a lawsuit from community members for noise pollution caused by mining operations. BitRiver suggests that Russia has favorable mining regulations, potentially surpassing the U.S. in crypto mining.

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