Skip to main content

Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners

Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners

At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the A1466I, boasts an energy efficiency of fewer than 20 joules per terahash (J/T), approximately 19.5 J/T, and has a production capacity of up to 170 terahash per second (TH/s).

Canaan’s Liquid-Cooled A1466I: A Game-Changer in Bitcoin Mining Efficiency

Canaan has officially unveiled its new Avalon series 14 miners after previously teasing the products last month. One of these miners features an efficiency rating below 20 J/T and offers an energy efficiency ratio of 19.5 J/T. This specific mining rig is the A1466I, which utilizes liquid cooling and produces up to 170 TH/s in terms of SHA256 hashrate output.

During the Canaan presentation at the event, the company highlighted the availability of two cooling options: submerged liquid-cooled and air-cooled models. The other Avalon 14 series miner, the A1466, is air-cooled and boasts a hashrate of 150 TH/s with an energy efficiency ratio of 21.5 J/T. The Vice President of Canaan, Davis Hui, delivered the presentation onstage, marking Canaan’s 10th anniversary.

It’s noteworthy that Avalon-brand miners crafted by Canaan were the first ASIC bitcoin miners to be publicly sold in January 2013. However, while Canaan is the pioneer in introducing a machine with an efficiency rating below 20 J/T, its competitor Bitmain plans to launch its Antminer S21 line at the 2023 World Digital Mining Summit (WDMS) in Hong Kong from September 22 to 23. According to Bitmain, the S21 will also feature an efficiency rating of 1X J/T.

What do you think about Canaan’s new Avalon miners? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/uVSZAv0

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...