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Canaan Creative, the worldâs second largest manufacturer of cryptocurrency mining hardware, has announced a new mining rig, the Avalonminer A911, alongside plans to develop a mining heater and portable miner. The company has also purportedly expressed its intention of developing a 5nm mining chip.
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Canaan Creative Announces New Flagship Avalonminer
Hangzhou-based Canaan Creative recently announced a new range of planned products at a mining summit in Chengdu, including a new flagship mining rig, the Avalonminer A911.
Canaanâs Avalonminer sales director, Chen Feng, stated that the companyâs latest miner will provide a maximum hash rate of 18 tera-hashes per second (TH/s), have a power consumption of 1440w, and perform at 80 Watts per THS of power usage. The A911 will be also be powered by Canaanâs recently unveiled 7nm mining chip.
Canaan Purportedly to Develop 5nm Chip
Just two months after showcasing its new 7nm mining chip, Canaan Creative has supposedly announced that it will seek to develop a 5nm mining chip.
The announcement comes after the Taiwan Semiconductor Manufacturing Company (TSMC), the worldâs largest semiconductor manufacturer, announced in June that it plans to launch trial production of its â5nm Fin Field-Effect Transistor process technologyâ during the second half of 2019, with a goal of mass producing the nodes during 2020. At the time, Reuters reported that the company expects to invest $25 billion into developing the technology.
In contrast to TSMCâs 7nm chip, the companyâs planned 5nm chip will adopt extreme ultraviolet lithography âfor more critical layers to reduce multi-pattern process complexity while achieving aggressive die area scaling.â
New Canaan Products Seek to Expand Internet-of-Things Appliances
Feng also announced Canaanâs intention to launch several new products seeking to further extend its integration of advanced computing technology into household appliances, including a cloud-computing heater and a mobile mining farm dubbed the âAvalon Boxâ. Canaan will also seek to develop an artificial intelligence chip called âKendryteâ.
The announcements follow Canaanâs unveiling of the worldâs first bitcoin mining television set, the Avalonminer Inside, which was first showcased alongside the companyâs 7nm mining chip at a press conference in Hangzhou on the 8th of August.
What is your opinion on the increasing integration of mining technology into household appliances? Share your thoughts in the comments section below!
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