Canaan Creative announces the world's first television for mining

Canaan Creative announced that it intends to sell a 43 "TV set that doubles as a bitcoin drilling rig – dubbed" Avalonminer Inside "."

Canaan, the world's second largest mining platform manufacturer, has declared that its TV is equipped with 16nm ASIC A3210 chips and is able to process at a power of 2.8 terahash per second. Canaan also states that Avalon mining TV is powered by artificial intelligence, able to calculate the profitability of bitcoin mining in real time, will include a voice control function and a 4K resolution.

Television will also facilitate the purchase of entertainment content or physical gifts through the Canaan Creative platform. Canaan stated that it plans to sell Avalonminer Inside mainly to companies wishing to distribute televisions to retail customers

Canaan expands its product line

At the beginning of this year, Canaan presented for the initial public offering with the Hong Kong stock exchange. According to its filing, in 2017 the company absorbed $ 1.3 billion yuan (about $ 200 million dollars) – including a 27-fold increase in revenue year-on-year. The company has sold nearly 300,000 Avalon drilling rigs in 2017, accounting for 19.5% of the processing power generated by the global mining industry.

In his filing, Canaan expressed the desire to expand the product line by stating: "If we can not maintain the scale and profitability of our system product line and, at the same time, offer new products, our capacity to continue to grow will be affected. "

The Beijing analyst, Xiao Lei, largely rejected the project, describing mining television as" look [ing] is more like a hype ", adding" It will be more significant if these companies are able to incorporate the data mining function into the main existing TV brands. "

The company has declared that it has no plans to develop additional appliances for cryptocurrency.

What is your reaction to the mining TV in Canaan? Share your thoughts in the comments section below

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