The television set is the first in a series of "blockchain appliances" that Canaan plans to build.
Beijing-based Canaan Creative, the second-largest manufacturer of Bitcoin mining technology in the world, has released a television set that mines Bitcoins as you watch it.
The television contains Canaan’s “AvalonMiner Inside,” which has a Hash Rate (computing rate) of 2.8 trillion hashes per second. By comparison, Canaan’s most powerful miner is capable of 11 trillion hashes per second. The television uses AI and is capable of taking voice commands.
CanaanCreative Will Release More Blockchain Appliances, Expected to Raise $1 Billion in IPO
The Bitcoin mined by the AvalonMiner Inside can be spent on products and services offered in a store platform that Canaan Creative has also built. (Pretty slick, huh?)
The South China Morning Post reported that the television is the first in a series of “blockchain-related home appliances” that will use the AvalonMiner Inside. The release of the product is the latest of the company’s big moves since it applied for an IPO in May. According to the South China Morning Post, the offering is expected to raise up to $1 billion; the company took in $205 in revenue in 2017.
We have no time to put our eyes on that since everyone knows that it's coming back. : ) We are always looking for long-term business, just like our machine's reliability.
Just work hard and get ready for the second half of 2018, cheers! pic.twitter.com/cYjAfJOUgr
However, not everyone is impressed with the new product. “It looks more like hype,” Xiao Lei, a Beijing-based bitcoin analyst, told the SCMP. “It will be more meaningful if these companies are able to embed the mining function into existing major TV brands.”
”Blockchain Appliances” that Mine Coins Could Decrease Network Centralization
Canaan’s blockchain TV is slated to open up the business of Bitcoin mining to the average person. In the early days of the Bitcoin network, it was possible to mine BTC with a home computer. However, as more users joined the Bitcoin network, Bitcoin’s mining difficulty increased. This is a built-in feature of the Bitcoin network.
However, the huge popularity of the Bitcoin network has effectively made it impossible to profitably mine Bitcoins without a roomful of expensive equipment. In turn, the business of Bitcoin mining has essentially been taken over by mining farms and companies. Individual miners are few and far between; as such, the Bitcoin network is more susceptible to centralization than it ever has been.
Canaan is hoping that its AvalonMiner Inside will flip the script, enabling crypto mining to become a functional part of household life.
Beijing-based Canaan Creative, the second-largest manufacturer of Bitcoin mining technology in the world, has released a television set that mines Bitcoins as you watch it.
The television contains Canaan’s “AvalonMiner Inside,” which has a Hash Rate (computing rate) of 2.8 trillion hashes per second. By comparison, Canaan’s most powerful miner is capable of 11 trillion hashes per second. The television uses AI and is capable of taking voice commands.
CanaanCreative Will Release More Blockchain Appliances, Expected to Raise $1 Billion in IPO
The Bitcoin mined by the AvalonMiner Inside can be spent on products and services offered in a store platform that Canaan Creative has also built. (Pretty slick, huh?)
The South China Morning Post reported that the television is the first in a series of “blockchain-related home appliances” that will use the AvalonMiner Inside. The release of the product is the latest of the company’s big moves since it applied for an IPO in May. According to the South China Morning Post, the offering is expected to raise up to $1 billion; the company took in $205 in revenue in 2017.
We have no time to put our eyes on that since everyone knows that it's coming back. : ) We are always looking for long-term business, just like our machine's reliability.
Just work hard and get ready for the second half of 2018, cheers! pic.twitter.com/cYjAfJOUgr
However, not everyone is impressed with the new product. “It looks more like hype,” Xiao Lei, a Beijing-based bitcoin analyst, told the SCMP. “It will be more meaningful if these companies are able to embed the mining function into existing major TV brands.”
”Blockchain Appliances” that Mine Coins Could Decrease Network Centralization
Canaan’s blockchain TV is slated to open up the business of Bitcoin mining to the average person. In the early days of the Bitcoin network, it was possible to mine BTC with a home computer. However, as more users joined the Bitcoin network, Bitcoin’s mining difficulty increased. This is a built-in feature of the Bitcoin network.
However, the huge popularity of the Bitcoin network has effectively made it impossible to profitably mine Bitcoins without a roomful of expensive equipment. In turn, the business of Bitcoin mining has essentially been taken over by mining farms and companies. Individual miners are few and far between; as such, the Bitcoin network is more susceptible to centralization than it ever has been.
Canaan is hoping that its AvalonMiner Inside will flip the script, enabling crypto mining to become a functional part of household life.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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