Chinese company Bitmain introduced its new S21+ Hyd. and S21+ mining devices at the Amsterdam summit, impacting the mining industry significantly.

Bitmain's New Devices

Bitmain announced the release of the S21+ Hyd. with an energy consumption of 15.0J/T and a computing power of 319T, as well as the S21+ with 16.5J/T and 216T. These devices offer high efficiency, making them attractive to miners.

Bitcoin Hashrate Surge

According to Hashrate Index data, the Bitcoin network hashrate increased from 625 EH/s on October 1st to 697 EH/s on October 9th, marking the highest in history. Additionally, daily miner revenue rose to $33.70 million.

Environmental and Regulatory Issues

Grabury community members filed a lawsuit against Marathon Digital Holdings, alleging noise pollution. Earthjustice reported that over two dozen residents faced severe health issues. Meanwhile, BitRiver CEO Igor Runets believes Russia could surpass the US in crypto mining due to favorable regulations.

The launch of new Bitmain devices and the surge in Bitcoin hashrate highlight significant changes in the mining industry. However, environmental and regulatory issues remain pertinent.