Canaan Reveals New Bitcoin Mining Machine for House Use

Canaan, a significant producer of Bitcoin miners, has unveiled Avalon Q, its new professional-grade Bitcoin mining machine for residence customers.

In response to the press launch, the product makes skilled Bitcoin mining accessible to atypical people. It merges institutional-level computing energy, family energy compatibility, and low working sound.

NG Zhang, Founder and CEO at Canaan, argues that Avalon Q democratizes Bitcoin mining, enabling operations exterior mining services. “Cryptocurrency lovers now not want to decide on between highly effective mining capabilities and residential compatibility,” he says.

Moreover, the corporate claims that it has seen a rising curiosity in home-based Bitcoin mining. It’s not nearly tools, it suggests. Reasonably, folks additionally need higher management over their crypto operations.

“We’re seeing vital demand from people who need to be extra than simply Bitcoin traders – they need to be energetic members within the community,” Zhang says. “The Avalon Q provides them that chance with out requiring a devoted mining facility.”

Subsequently, the announcement notes, residence Bitcoin mining gives an funding alternative and a solution to contribute to the community safety.

The Avalon House sequence contains Avalon Q, Avalon Mini 3, and Avalon Nano 3S.

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‘132% Cashback Month-to-month’

In response to the corporate, the novel Avalon Q is the primary professional-grade Bitcoin miner to assist 110V residence energy globally.

Canaan notes that the product gives as much as 90 TH/s hash energy with adjustable consumption (800W-1600W). This makes it adaptable to plain residence electrical programs, enabling residence miners “to optimize their operation primarily based on electrical energy prices and mining profitability.”

Moreover, the corporate compares the machine to a quiet library. It says that, not like industrial mining rigs, the Avalon Q operates at 45 dB. In response to varied on-line sources, a single Bitcoin mining rig in a facility sometimes reaches 70-90 dB.

Subsequently, Canaan says that individuals can function their machine wherever of their home, together with the basement or storage.

Different Avalon Q’s key options embody sturdiness, 360-day assure, and the Avalon Household APP, which allows easy plug-and-mine performance for each rookies and skilled miners;

The corporate’s web site claims customers can earn 132% cashback month-to-month.

Furthermore, residence miners connect with the F2Pool mining pool by way of the Avalon Household App.

The Avalon Q is accessible for preorder till the top of April, with a price ticket of $1,599.

In the meantime, on 26 March, Canaan shared its monetary outcomes for 2024. The corporate posted $88.8 million in whole revenues for This autumn, exceeding its projected steering of $80 million. That is an 80.9% year-over-year enhance. Additionally, the overall revenues for 2024 was $269.3 million, a year-over-year enhance of 27.4% from $211.5 million in 2023.

Additionally, a number of days in the past, the corporate additionally introduced that it expanded its self-mining capabilities at two new companions’ mining services in Pennsylvania and Texas, USA. It plans to put in nearly all of the anticipated hashrate by the second quarter of 2025.

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