Bitcoin Miner Review: The AvalonMiner 721 (Avalon 7) - Is ...

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by riqelme to CryptoCurrency [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by cryptosyringe to bitcoin_uncensored [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by bitnewsbot to bitnewsbot [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by cryptosyringe to BitcoinMining [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO - CoinDesk

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO - CoinDesk submitted by Crypto_Fever to BitcoinMining [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

submitted by Ranzware to BitNewsLive [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by scgco to GGCrypto [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

submitted by n4bb to CoinPath [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing submitted by Ranzware to BitNewsLive [link] [comments]

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing submitted by n4bb to CoinPath [link] [comments]

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt submitted by Ranzware to BitNewsLive [link] [comments]

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt - CoinDesk

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Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt submitted by ulros to fbitcoin [link] [comments]

380 - 400 GH/s Avalon Bitcoin Miner on eBay

I am seeing some 380-400 GH/s miners on eBay. Price is a bit steep but cheaper than buying a bunch of Antminers I suppose. Seems they are using the Avalon 55nm chips. Any feedback or info about these machines?
submitted by AvireXerivA to BitcoinMining [link] [comments]

[REQUEST] Yifu Guo , Creator of Avalon bitcoin miners

Just want to help spread awareness about Bitcoin and also very interested to see how the bitcoin community would respond to an IAmA featuring Yifu
Where do you see bitcoin in a year from now? 5?
How long did it take to develop the first avalon prototype?
How many avalon miners have shipped to date?
What got YOU into bitcoin?
Are ASIC units going to kill gpu mining all-together?
submitted by BitBeggar to IAmA [link] [comments]

65 gh/s Avalon Bitcoin Miner, On-hand

This post is NOT to sell, only to discuss about the potential mining profits if I keep this unit for another couple of months.
Currently I get around 2.5-3 bitcoins a day. This was from 5 bitcoins a day when I first received the unit from Avalon.
Question: If I keep this for another couple of months, what is the likely daily bitcoin production this unit pump in the next 2-3 months?
My email is [email protected]
submitted by coinnewb to Bitcoin [link] [comments]

Avalon Bitcoin Miner 220 GH/s - 230 GH/s Free Expedited Shipping! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/avalon-bitcoin-miner-220-ghs-230-ghs-free-expedited-shipping/

Avalon Bitcoin Miner 220 GH/s - 230 GH/s Free Expedited Shipping! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/avalon-bitcoin-miner-220-ghs-230-ghs-free-expedited-shipping/ submitted by duetschpire to cryptothrift [link] [comments]

Canaan's new ASIC is a Pipe Dream, not an Ethereum Threat

So, yesterday Kristy-Leigh Minehan posted on Twitter that a company named Canaan announced an ASIC that is capable of 0.68W/Mhs
That's 2200Mh/s running at 1500w
https://twitter.com/OhGodAGirl/status/1176938519866089473
Here is a list of how it compares to other ASICs and GPUs.
https://blog.miningstore.com/blog/ethereum-mining-hardware-for-2019
She used this tweet to promote the need for ProgPoW
Today, I am attempting to explain that Canaan is not a threat to centralize Ethereum mining with their ASICs.
First, I cannot find any information regarding Canaan announcing an Ethereum ASIC other than Kristy's twitter post
There is only one article written about it and it uses Kristy's twitter post as their source.
https://cryptoslate.com/ethereum-asic-dominates-gpu-performance/
Nothing on Canaan's website talks about this miner
Nor does Canaan's twitter account mention anything like this.
If we look closely at Kristy's twitter picture, you can see the Canaan Ethereum miner will be called the V10.
I cannot find any info anywhere on this miner.
You would think that if Canaan is unveiling a new product, they would be talking about it more to spread awareness and raise hype, but they aren't.
I mean, they made a big to-do when they announced the A10 bitcoin miner in March, so why are they posting nothing about the V10 ethereum miner.
https://twitter.com/canaanio/status/1111513725733724160
And a google search will show many many more articles written about the bitcoin A10 after its announcement.
I'm not saying the announcement isn't real, just that I find it odd that the company isn't talking about it themselves.
Canaan did respond to a tweet from “cryptoState”, the writer's of the article based on Kristy's tweet.
Canaan replied that the v10 is not an official worldwide Canaan product.
https://twitter.com/canaanio/status/1177088253431668736
and further in the cryptostate article, Canaan says “It is a little hard to explain, but those are not products designed and built by Canaan engineering. They are products sold by the domestic sales team and are not an official worldwide Canaan product,”
I do not know what that means exactly. If it means it's not an official Canaan product, or that it won't be available worldwide, or what.
But this is the first clue to me that it isn't anything to worry about.
If it's not an official Canaan product, then it doesn't seem like it will have support from Canaan to bring it to market.
It won't be marketed by Canaan, use it's supply chain, it's business resources and contacts, use it's support system, or be built by Canaan.
Next, yes 0.68W/Mhs is more efficient than GPUs, but that isn't all that matters when miners choose the devices to use.
What matters also is how much the machine costs.
If the V10 is price too high, then it's not something to worry about.
Without a price, Kristy can't claim in good faith that the V10 is something Ethereum needs to worry about and a reason ProgPoW needs to be adopted.
I'm not sure how to price the thing, myself, but at current ETH prices and hashrate, it would make $2200 in 4 months.
I think generally ASIC mfgs price their machines to break even in 3-4 months.
So that would be the machine will cost around $2200.
BUT, that's only if ONE machine is running on the network.
The more machines on the network, the less profitable they are.
If we look at the Avalon A1066, it's november batch costs $1390, and has a break-even time of 464 months at current bitcoin prices.
So it seems to me the Canaan V10 will be quite a bit more expensive than $2200.
Which doesn't make it feasible for that many people to buy.
Next, there was no product on display at the New Era Mining Summit, where this product was announced.
Only some graphics of numbers they claim.
Nor can I find any technical documentation talking about how they plan to achieve the advertised hashrate
I tweeted Kristy telling her that this seems, at best, like just an idea to me, to help them raise money and that it takes more than an idea to bring an ASIC to market.
https://twitter.com/AltcoinXP/status/1177290387205054464
Kristy then blocked me on Twitter and told me to stop spreading misinformation.
https://imgur.com/lWEAWbd
So, now let's talk about the article I replied to her with, claiming that Canaan doesn't have enough funding for this.
Granted, I said this without doing as much research as I could've, but let's see if what I said holds true.
Here is the article I linked in the tweet.
https://www.coindesk.com/avalon-bitcoin-miner-maker-canaan-is-plotting-another-ipo-attempt
Notice the date this article was published. March 27th 2019.
Notice that Avalon announce their Bitcoin A10 miner the next day.
https://twitter.com/canaanio/status/1111513725733724160
Perhaps to help attract funding from new investors, which the Coindesk article says they haven't been able to bring on any new investors in a long time.
I'm not going to cite the whole article here, read it for yourself, but it generally explains that Canaan is unable to attract new funding.
Also, Xianfu Lui, a 17.2% shareholder in Canaan left the company in February, so I doubt he invested money into Canaan.
https://www.coindesk.com/co-founder-quits-avalon-mining-chip-maker-canaan-over-differences
Here are some more Coindesk articles speaking about Canaan trying to raise money.
https://www.coindesk.com/huobi-plans-backdoor-ipo-attempt-in-hong-kong-document-suggests
“After mining giant Bitmain’s IPO attempt in Hong Kong was allowed to expire, apparently due to reluctance from HKEX, it’s reportedly now planning to list in the U.S. Another miner manufacturer, Canaan Creative, is also reported to have already confidentially filed in the U.S. after a failed HKEX attempt. “
https://www.coindesk.com/bitcoin-miner-maker-canaan-confidentially-files-for-ipo-in-us-report
https://www.coindesk.com/bitcoin-miner-canaans-ipo-likely-delayed-after-hong-kong-filing-expires
“The Reuters report, citing anonymous sources, further said the HKEX and financial regulators in Hong Kong have raised questions over Canaan’s business model, given the volatile nature of cryptocurrencies. As such, the news agency said the IPO might not go ahead this year, since there have been no updates from a listing hearing with the HKEX. “
So seems to be Caanan is having a hard time finding funding for their endeavors. Pretty much every single article on Coindesk about them is about them trying to get funding and failing at it.
So do they have enough money to bring the V10 to market AND bring enough V10s to be a problem?
They would need to produce 45,000 units to get 50% of the Ethereum mining power.
Current network is 197TH/s https://bitinfocharts.com/ethereum/
Currently Bitmain is estimated to have produced less than 20,000 units since the Antminer E3's announcement in April 2018.
https://www.reddit.com/ethereum/comments/d8fuvj/an_argument_against_progpow_a_day_part_1/f1axc2c/
https://www.coindesk.com/bitmain-confirms-release-first-ever-ethereum-asic-miners
Bitmain being a much larger company than Canaan, it seems unlikely they will produce 45,000 units quick enough to become a problem.
Anyway,
For those of you that don't know, Canaan manages the Avalon bitcoin ASICs and have done so since 2014. Canaan is fulling in charge of Avalon.
https://en.bitcoin.it/wiki/Avalon
Maybe I should've said that sooner, I don't know. I'm just typing as I come up with stuff.
But we can look at Avalon's bitcoin past to determine what the future ethereum miner supply might look like. Keep in mind though, this was also during a time when they were well-funded.
I'm not sure what their bank account looks like now, but they have been in the red every year since their existance, so I have to assume they have less money now than when they were releasing bitcoin miners
Avalon announce the A10 March 2019, and started shipping pre-orders in October 2019.
If the V10 follows suit, we won't see a V10 in the hands of miners until April 2020
https://www.coindesk.com/demand-for-new-bitcoin-miners-is-again-outstripping-supply
Ok, I'm done. That's all I put together and why I don't believe the Canaan ASIC that was announced is a concern warranting the immediate adoption of ProgPoW
Thanks for reading.
submitted by Anthony-AltcoinXP to ethereum [link] [comments]

More reason Caanan's Ethereum ASIC announcement is a pipe dream

As I've argued before Canaan's ASIC announcement that was used to promote the need for ProgPoW will unlikely be any cause for mining centralization concern. If their IPO gets funded (which is unlikely to get approved, let alone funded), then I could see looking into their production capabilities and effect on network centralization before acting. But, as of right now, and the foreseeable future, they aren't a concern.
https://www.coindesk.com/avalon-bitcoin-miner-maker-canaan-officially-files-for-400-million-us-ipo
submitted by Anthony-AltcoinXP to ethereum [link] [comments]

Canaan Creative Makes $13 Million Profit In Q3 2019

Global Exchange- Canaan Creative is an Avalon bitcoin miner maker and the second-largest mining equipment manufacturer in the world. It has made about $13 million net profit. Canaan Creative makes $13 million profit in Q3 2019.
The computer hardware company declared in its latest IPO filing, that it has made a profit of $13 million on revenue worth $95 million. The profit has led to revenue growth of 40 percent, as compared to the same time in 2018.
Canaan had recorded a net loss of $45.8 million in the first half of 2019. The firm officially applied for an IPO filing in the US in October. During the application, Canaan went public, which was its third effort after its first two filings. It is in Mainland China and Hong Kong failed to happen.
The price bounce of Bitcoin, since the beginning of 2019, has increased the sales of Canaan and led to the market demand exceeding the firm’s supply.
As per the current filing, the firm’s sales volume of 2019 mainly came from its previous Avalon 8 series models. 265,756 units of the products were sold. While 88,034 and 56,556 units of the firm’s latest A9 and A10 series products respectively were sold.
Canaan Creative makes $13 million profit in Q3 2019. On the whole, Canaan revealed that for the initial nine months in 2019, it was able to sell computing power worth 7.59 exhashes per second. The sale accounts for approximately eight percent of the present hash rate of the Bitcoin network.
submitted by mohammed_nauman96 to u/mohammed_nauman96 [link] [comments]

Powerful New Ethereum Miner Reaches Final Stage Before Mass Production

Powerful New Ethereum Miner Reaches Final Stage Before Mass Production

https://preview.redd.it/ao78avnae4m31.png?width=860&format=png&auto=webp&s=11f62e6227dc7d93e9a6c2c3874782fcd4892b59
News by Coindesk: Wolfie Zhao
After a nine-month delay and $3.8 million of investment, an upstart manufacturer is ready to produce its first batch of powerful new machines for mining cryptocurrencies ethereum and ethereum classic.
Linzhi, based in Shenzen, China, said Wednesday it had ordered 37 wafers from Taiwan Semiconductor Manufacturing Company, the main parts that will allow it to build about 200 application-specific integrated circuit (ASIC) miners.
These sample units will test whether the machines can mine as efficiently as they are designed to do using ethash, the proof-of-work algorithm used on ethereum and ethereum classic.
The testing units, if successful, would mark a major step toward mass production as Linzhi sets out to compete with makers of general-purpose computing chips, such as NIVIDA, as well as mining gear specialists Bitmain and InnoSilicon, which both make ASIC miners for the ethash algorithm.
Roughly five million ether (ETH), the native cryptocurrency on the ethereum network, is being mined every year, which, at its current price, is worth more than $800 million. Even for ethereum classic, which maintains the original ethereum ledger from before a hard fork in 2016, about nine million native ETC gets mined every year, worth more than $60 million.

Powerful chips

Linzhi was founded in February 2018 by Chen Min, a former chip design head at Canaan Creative, maker of the Avalon bitcoin miner. Chen told CoinDesk the new company was completely self-funded with about $4 million as starting capital.
It announced the plan to produce ethash ASIC miners in September 2018 with an ambition to beat the efficiency of most existing equipment. Chen’s target specification for Linzhi’s ethash ASIC miner is set at 1400 mega hashes per second (MH/s) with an electricity consumption level of one kilowatt-hour.
To put those figures in perspective, NVIDIA’s GTX TitanV 8 card is now one of the most profitable piece of equipment on the ethash algorithm, able to compute 656 MH/s at an energy consumption level of 2.1 kWh, according to mining pool f2pool’s miner profitability index,
With ETH’s current price ($180) and network difficulty, as well as an electricity cost of $0.04 per kWh, each GTX TitanV 8 would bring home a daily profit of $7.35. Similarly, if one uses the same GTX TitanV 8 card to mine ETC, which has both a lower price and a lower mining difficulty than ETH, the daily profit would still be around $6.70.
The total computing power racing on ethereum and ethereum classic to compete for block rewards and to secure the two networks is around 160 and 13 tera hashes per second (TH/s), respectively.

Plan A

Since the announcement of its plan, Linzhi has spent almost all of its initial capital on research and development of the chip design, the operations of its dozen-person team, and the order of the first batch of wafers, to bet the sample testing units will deliver the intended mining power.
Linzhi previously said it was aiming to order the first batch of wafers around December in order to have samples ready in April and mass production in June.
Speaking of the delay, the company said:
“We underestimated the complexity of the chip and how long it would take to grow the team and make the company functional. We are cautiously optimistic that we can just move forward the rest of the schedule, which would mean 12/2019 for sample machines and 02/2020 for mass production.”
One possible risk for the business is that the ethereum community has previously voted to activate the so-called ProgPow algorithm in order to remove the edge maintained by large miners that can afford expensive, specialized chips, although the timing for that switch is not yet decided. (Eventually, ethereum developers want to transition from proof-of-work to proof-of-stake, which would eliminate mining altogether.)
When asked if Linzhi has any Plan B if the switch happens, Chen said the company is, in fact, more active in the ETC community, adding:
“Our plan A is to focus on ETC mining. So if ETH will still be an option, that’s something good to have. In the ethereum community, the ProgPow plan still has some uncertainty. For the time being, we don’t see it as a market that we will obtain, so I don’t really care that much.”

Reverse discount

In an arguably counterintuitive move, Chen said the company plans to adopt what it calls a “reverse discount” strategy when it starts to take in pre-orders if sample units prove to be successful. That would mean the more you buy, the more you are likely going to pay.
The reason is to discourage any single entity from buying too many machines and thus concentrating power over the network.
While Linzhi has not yet decided on final pricing for each unit to be sold at pre-orders, it says the goal is to achieve a payback period of four months for individual miners with a relatively small number of orders.
“This is our efforts and contribution to the idea of decentralization,” Chen said, concluding:
“Our sales will go to developers and community first, with a focus on geographical distribution, and potentially with a malus [reverse discount] for large orders. This means that small orders by individuals would be priced to hit the 4 month [return of investment] and larger orders would pay more.”
Mining equipment image via CoinDesk archive
submitted by GTE_IO to u/GTE_IO [link] [comments]

Canaan AvalonMiner Bitcoin BTC ASIC Miner Review  1066Pro ... Avalon Mini Miner Setup Avalon Bitcoin Miner running at 80ghs How to mine Bitcoin 2018 with Avalon 841 Tutorial & Setup Guide 110GH/s Avalon Bitcoin Miner

AVALON A741 BITCOIN Miner / 7,3TH / volle Rechenleistung / Serverraum (18 / 65) - EUR 18,50. FOR SALE! AVALON A741 BITCOIN MINER Specifications Manufacturer Canaan Model AvalonMiner 741 Release April 274486673930 Cannaan Avalon Miner 741 mit Converter AUC3 und Netzteil1600W. EUR 59,00. 0 Gebote. EUR 8,49 Versand. Endet am Heute, 15:14 MEZ 6Std 57 Min Lieferung an Abholstation Produktart: Bitcoin Miner. Bitmain antminer s9 14TH Bitcoin miner + PSU 1600W gebraucht . EUR 155,00. Aus Polen. EUR 9,50 Versand. Produktart: Bitcoin Miner. oder Preisvorschlag. Bitmain Antminer S9 13.5 th/s ² Incl. PSU. EUR 249 ... AVALON A741 BITCOIN Miner / 7,3TH / volle Rechenleistung / Serverraum (9 / 65) - EUR 18,90. FOR SALE! AVALON A741 BITCOIN MINER Specifications Manufacturer Canaan Model AvalonMiner 741 Release April 274482083929 In a very unusual move, Avalon, the company that first introduced ASIC chips to Bitcoin mining has released a new miner to the market. The AvalonMiner 721 (or more commonly known as Avalon 7) seems to be a minor upgrade from its predecessor, the Avalon 6.. The Bitcoin miner comes with 6 TH/s of mining power and a power consumption of 850-1000 WATTS. This is more helpful compared to the Avalon Nano 3. The plus side is it works as a wireless router, so you can do some mining while providing internet for all your devices. The network will not block coverage for other devices, therefore, provide availability and not create a nuisance. This device can only mine using Bitcoin script, meaning you are competing with mining pools that have much ...

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Canaan AvalonMiner Bitcoin BTC ASIC Miner Review 1066Pro ...

This video shows overall make quality of CCBMC 110GH/s Avalon Bitcoin Miner and how quient it is running at full capacity. Can Canaan one of the largest ASIC mining manufacturers in the world actually compete with Bitmain and their Antminers? Bitcoin BTC ASIC miners for sale - ht... Avalon 6 Bitcoin Mining Hardware Setup - Duration: 8:05. Bitcoin Mining 98,345 views. 8:05. How to properly install wiring for a 24v Minn Kota Trolling Motor with a Circuit Breaker! This miner is a batch 2 Avalon Bitcoin Miner. It's been running at around 80ghs since the firmware upgrade, using --avalon-auto. Currently on Ebay at It's been running at around 80ghs since the ... Canaan is one of the top Bitcoin miner manufacturers, in the world! Canaan and their AvalonMiner's are very popular and profitable for Bitcoin mining farms h...

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