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”) collection, a brand new technology of high-performance Bitcoin mining machines.
The brand new A13 collection will include two distinct fashions, every of which will likely be powered by fashionable ASIC expertise. In comparison with their predecessors, these new mining fashions may have larger energy effectivity and elevated computational energy.
Specifically, the hash fee of the mannequin A1346 is 110 TH/s, and its energy effectivity is 30J/TH, whereas the hash fee 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 technology 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 a complete new degree.”
He added:
“We consider that our new technology merchandise will allow us to higher fulfill our mission of supporting the Bitcoin ecosystem by offering superior merchandise, options, and companies.”
Bitcoin mining problem
Notably, Finbold reported two weeks in the past on October 10 that though the value of Bitcoin (BTC), the biggest cryptocurrency by market capitalization, had been stabilizing, the BTC mining problem as of October 10 was 35.61 trillion, which isn’t solely its new all-time excessive but additionally the sharpest improve since Might 13, 2021 (+13.55%).
In the meantime, Frank Holmes, CEO of funding agency U.S. World Traders, believes that the edge worth under which Bitcoin miners may halt their operations is $12,000, as that is the break-even once they change into unprofitable, as if the value of the maiden digital asset drops considerably, it’d change into much less worthwhile to mine it.
Lastly, in mild of an ongoing debate over the influence of Bitcoin mining on the setting, the Bitcoin Mining Council (BMC) has introduced new details asserting that for Q3 2022 world BTC mining consumes solely 0.16% of the world’s vitality manufacturing.
