Canaan Wants to Put Bitcoin Mining Chips Inside TVs

Madeline Meng Shi
Aug 2, 2018 at 19:01 UTC
Updated Aug 6, 2018 at 15:19 UTC
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Canaan Creative, the China-based maker of bitcoin mining products, has unveiled the latest effort to bridge mining hardware and everyday consumer products.

As detailed in the South China Morning Post on Thursday, Canaan has launched the AvalonMiner Inside, a TV set which according to the publication can process 2.8 trillion hashes per second.

Canaan is not the first company to experiment with hybrid mining and consumer products. Bitcoin startup 21 Inc and Chinese electrical appliances manufacturer Midea Group have also previously explored the idea. Midea, for example, envisioned implanting chips in appliances like air conditioners and dehumidifiers in a 2017 patent application.

Canaan has also debuted the Avalon Miner A9, which provides a hash rate of up to 30 TH/s, with a power consumption of 1,720 watts per unit, according to Canaan’s website. The price of the new miner has not yet been disclosed on the website.

The Avalon Miner 9 represents the latest effort to move 7nm ASICs to the market. Back in May, Japanese IT giant GMO Internet revealed its new B2 miner would also sport 7nm chips.

The arrival of a 7nm chip is notable since it offers the ability to generate more hashing power while, at the same time, theoretically reducing power consumption – an important factor for miners that are seeking a return on their investment.

The current market leader Antminer S9 manufactured by mining hardware giant Bitmain offers 14TH/s at a power consumption of around 1,300W.

According to SCMP, Canaan sold almost 300,000 mining hardware units over the course of 2017, taking in about $205 million in revenue during that period.

Avalon mining chips image via Canaan