CryptoSphere by AsCurrency

CryptoSphere: cryptocurrency news, market analysis, blockchain trends and investments. Your essential guide to the digital economy

New Bitcoin Miner Hardware Unveiled Ahead of the Halving

As the crypto market counts down to the upcoming Bitcoin halving, anticipation surges. This pivotal event, known for cutting the amount of new produced BTC in half, has historically catalyzed monumental price appreciation while impacting the crypto mining industry.

Amidst this backdrop, Bitmain seizes the spotlight with its latest innovation — the Antminer S21 Pro — unveiled at the WDMS 2024 conference.

New Bitcoin Tech Pre-Halving Revealed

The Antminer S21 Pro mining machine is a testament to technological advancement and a beacon for the future of cryptocurrency mining. It boasts a hashrate of 234 terahashes per second (TH/s) and an unparalleled energy efficiency ratio of 15.0 joules per terahash (J/TH).

According to Bitcoin mining compnay Blockware Solutions, the Antminer S21 Pro is a “beast of a machine.”

Interestingly, the timing could not be more strategic. With each halving, the reward for Bitcoin mining halves, underscoring the importance of efficiency and power in mining operations. The Antminer S21 Pro arrives as a solution when miners seek ways to maximize yield before the block rewards reduction.

This cycle, however, brings with it a swirl of speculation and analysis. Seasoned Bitcoin trader Bob Loukas weighted in on this cycle’s accelerated pace. According to Loukas, this could be Bitcoin’s final 4-year cycle, suggesting an impending extended bear market.

His insights draw attention to a broader pattern observed in new technologies, dubbed a “Left-Translated Cycle,” which predicts a peak before the midpoint.

“The (price) TOP of the Cycle occurs early in the 4-year period. The period is measured from trough to trough. That allows for more time to decline over the period. And generally results in a lower low forming from one cycle trough to another. It’s the true bear or declining 4-year cycle that gives the longer (16-year in this case) cycle the time to form it’s own bottom… Last Cycle tops early to give 16-year Cycle room in declining (secular bear) phase,” Loukas explained.

Bitcoin Left-Translated Cycle
Bitcoin Left-Translated Cycle. Source: Bob Loukas

Despite the uncertainties and unique challenges of this cycle, including fewer corrections and increased institutional involvement, Bitcoin’s essence remains unaltered. It continues to be an asset with a global reach and a steadfast store of value, demonstrating resilience against macroeconomic conditions.

With the Bitcoin halving on the horizon, the innovation driving the cryptocurrency mining industry forward serves as a crucial development for miners worldwide.

Best crypto platforms in Europe | April 2024


Explore →

Wirex App

Wirex App
Explore →


Explore →


Explore →



In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.


In conclusion, as the crypto market gears up for the Bitcoin halving, the unveiling of the Antminer S21 Pro by Bitmain signifies a significant advancement in cryptocurrency mining technology. This new mining machine offers exceptional hashrate and energy efficiency, catering to the need for efficiency and profitability in the mining industry. The timing of this innovation aligns strategically with the impending halving, highlighting the importance of maximizing yield before the block rewards reduction. Despite uncertainties and challenges in the current cycle, Bitcoin continues to demonstrate resilience and remains a valuable asset with a global reach. The evolving landscape of cryptocurrency mining technology underscores the ongoing innovation and adaptability within the industry.

  • bitcoinBitcoin (BTC) $ 66,184.00
  • ethereumEthereum (ETH) $ 3,501.01
  • bnbBNB (BNB) $ 605.03
  • solanaSolana (SOL) $ 144.30
  • xrpXRP (XRP) $ 0.476685
  • cardanoCardano (ADA) $ 0.411078
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • polkadotPolkadot (DOT) $ 6.16