Mining
Canaan Inc. (NASDAQ: CAN), a number one provider of high-performance computing options, introduced at present (October 24) the debut of the Avalon Made A13 (“A13”) sequence, a brand new era of high-performance Bitcoin mining machines.
The brand new A13 sequence will comprise two distinct fashions, every of which will probably be powered by trendy ASIC expertise. In comparison with their predecessors, these new mining fashions can have larger energy effectivity and elevated computational energy.
Particularly, the hash price of the mannequin A1346 is 110 TH/s, and its energy effectivity is 30J/TH, whereas the hash price of the mannequin A1366 is 130 TH/s, which has an influence effectivity of 25 J/TH.
Chairman and Chief Government Officer of Canaan, Nangeng Zhang, commented:
“The launch of our new era Bitcoin mining machine is a key analysis and growth milestone as we take our pursuit of upper computing energy, higher energy effectivity, superior person expertise, and optimum value effectiveness to an entire new degree.”
He added:
“We consider that our new era merchandise will allow us to raised fulfill our mission of supporting the Bitcoin ecosystem by offering superior merchandise, options, and companies.”
Bitcoin mining issue
Notably, Finbold reported two weeks in the past on October 10 that though the worth of Bitcoin (BTC), the biggest cryptocurrency by market capitalization, had been stabilizing, the BTC mining issue as of October 10 was 35.61 trillion, which isn’t solely its new all-time excessive but in addition the sharpest enhance since Could 13, 2021 (+13.55%).
In the meantime, Frank Holmes, CEO of funding agency U.S. International Buyers, believes that the brink value under which Bitcoin miners might halt their operations is $12,000, as that is the break-even once they develop into unprofitable, as if the worth of the maiden digital asset drops considerably, it’d develop into much less worthwhile to mine it.
Lastly, in mild of an ongoing debate over the affect of Bitcoin mining on the atmosphere, the Bitcoin Mining Council (BMC) has introduced new info asserting that for Q3 2022 world BTC mining consumes solely 0.16% of the world’s power manufacturing.
