Bitcoin's second largest mining hardware manufacturer (BTC) in the world – Canaan Creative, recently launched what is the first Bitcoin mining set – according to the SCMP (South China Morning Post) .
The appliance is labeled "AvalonMiner Inside" and its processing power is 2.8 trillion hashes per second. It is also said that the device is powered by artificial intelligence and has voice command characteristics. The device is also able to calculate the fluctuation rate of Bitcoin mining profitability (BTC) in real time.
According to the report, the device allows users to purchase entertainment content and other types of products on the company platform using the coins they extracted. While this TV is supposedly the first blockchain-based appliance to be launched by the company, some viewers in the cryptographic space showed cynicism towards the invention.
Xiao Lei takes the product
Xiao Lei – a bitcoin (BTC), an analyst based in Beijing, is quoted by SCMP as denigrating the latest move by Canaan Creative as "hype". He also went on to say that it would be more meaningful if the company were able to incorporate the data mining function into existing television brands.
Canaan Creative Profit Trend
The company submitted a request for a $ 1 billion IPO (initial public offering) in May, reporting revenue of about $ 205 million in 2017 – an increase 27 times the previous year. It achieved a profit of about 52 million dollars in 2017 – an increase of over 230 times compared to 2015, according to Bloomberg.
Bitcoin (BTC) Price today – BTC / USD
Bitcoin (BTC) is still the largest digital currency in the world with a market capitalization of $ 128.10 billion. At the time of writing, the currency is trading at $ 7,450 after an increase of about 1 percent in the last twenty-four hours, and the volume of currency trading in the last twenty-four hours is $ 4.1 billion.