RATE Group | Canaan launches world’s first bitcoin mining TV set
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Canaan launches world’s first bitcoin mining TV set

02 Aug Canaan launches world’s first bitcoin mining TV set

Posted at 03:38h in Bitcoin News by

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Would you buy a 43-inch television that can double up as a bitcoin mining rig?

Canaan Creative, the world’s second biggest maker of bitcoin mining rigs, is betting there will be demand for what it bills as the world’s first bitcoin mining TV set.
China’s largest bitcoin miner invests in Hong Kong blockchain start-up

Called AvalonMiner Inside, the TV set has a processing power of 2.8 trillion hashes per second. Its most powerful mining machine can process 11 trillion hashes per second.

The product launch comes after Canaan submitted an application for an initial public offering in Hong Kong in May, which is expected to raise as much as US$1 billion. Founded in 2013, Canaan is known for mass-producing chips designed for bitcoin mining. It competes with Beijing-based Bitmain Technologies in supplying hardware for bitcoin mining.

Canaan says the Avalon TV is powered by artificial intelligence and has a voice control feature. In addition, the device can calculate bitcoin mining…

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