Canaan Reveals New Bitcoin Mining Machine for House Use

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

In line with 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 outdoors mining services. “Cryptocurrency fans 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 gear, it suggests. Slightly, folks additionally need better management over their crypto operations.

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

Due to this fact, the announcement notes, house Bitcoin mining gives an funding alternative and a method to contribute to the community safety.

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

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‘132% Cashback Month-to-month’

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

Canaan notes that the product provides as much as 90 TH/s hash energy with adjustable consumption (800W-1600W). This makes it adaptable to plain house electrical methods, enabling house miners “to optimize their operation based mostly 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 line with varied on-line sources, a single Bitcoin mining rig in a facility sometimes reaches 70-90 dB.

Due to this fact, Canaan says that individuals can function their machine wherever of their home, together with the basement or storage.

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

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

Furthermore, house miners connect with the F2Pool mining pool through the Avalon Household App.

The Avalon Q is on the market 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 improve. Additionally, the entire revenues for 2024 was $269.3 million, a year-over-year improve 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.

You may additionally like Canaan Mines 82 Bitcoin in February, Surpasses This autumn Income Steerage with $89M

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