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Miami — Bitcoin (BTC) mining rig maker Canaan (CAN) has unveiled the Avalon 1266 model with the aim of leveraging what is expected to grow even faster in the ASIC market.
The Avalon 1266 has a mining hash rate capacity of 100 tera-hash / sec (TH / s) and power efficiency of 35 joules / tera-hash (J / T), the company’s executives said at the Bitcoin 2022 conference in Miami. I mentioned in. The new model is Previous Avalon 1246It had a capacity of 90 TH / s and an efficiency of 38 J / T.
Compared to Bitmain’s non-liquid cooled miners, Canaan’s new model has different specifications between the S19 (95 TH / s, 34.5 J / T) and the S19 pro (110 TH / s 29.5 J / T).Bitmain Latest product, Antminer S19XP Hyd. However, using liquid cooling technology, it boasts a computational power of 255 TH / s with an efficiency of 20.8 J / T.
Rig maker MicroBT Product announcement At the Miami Conference – WhatsMiner M50S with 126 TH / s computing power and 26 J / T efficiency ahead of Canaan’s new product.
Edward Lu, Senior Vice President of Canaan, spoke with Coin Desk and said that the value proposition of the new mining machine is its durability. He said, “If you buy our machine, you can use it for the rest of your life … you don’t have to replace or replace the machine every year.”
“A good miner must withstand not only long transport periods, but also the diverse operating environment in which it is deployed,” he added.
In addition, according to Lu, Canaan has a global mining service center to help customers support miners more quickly. He said the new machine and subsequent models can be used not only for air cooling, but also for air cooling. Immersion cooling For heat management.
The price of the Avalon 1266 has not yet been revealed.
Expected rapid market growth
Canaan expects the ASIC market to grow faster than ever as customers and manufacturers become more specialized and additional key players join the industry.
“The market is growing more and more professionally, and several other major international companies are entering the market,” Lu said. “I believe this market has the potential to grow and develop further.”
At that point, chip maker giant Intel (INTC) recently Second generation mining chipsIt boasts an efficiency of up to 26 J / T and is highly customizable to enhance mining power. Lu of Canaan sees Intel’s market entry as a positive catalyst and helps to make the industry more competitive and accelerate growth.
“In the past, the industry was a bit strange. Now that big companies are in the market is evidence that the industry has the potential to grow,” he said. Added that he would not enter a small industry unless there was considerable growth potential.
Another aspect of players like Intel entering the industry is to make the ASIC manufacturing market more competitive and encourage existing companies to make additional investments. “With the advent of Intel, I think Canaan and all other peers in the industry need to be well prepared for such competition in terms of technology and services,” he said. “I think Intel’s entry really helps improve the industry.”