Samuel Haig: Canaan Unveils 7nm Chip Equipped Miner at Press Conference

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Canaan Unveils 7nm Chip Equipped Miner at Press Conference

At a recent press conference, the world’s second largest manufacturer of bitcoin mining rigs, Canaan Creative, revealed four new products. In addition to the recently reported bitcoin mining television set, the company will launch a 7nm chip-equipped 30T Avalonminer A9, a Litecoin Avalonminer, and a household heater miner.

Also Read: Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies

Canaan Creative Celebrates Development of 7nm Chip Equipped Miner

Canaan Unveils 7nm Chip Equipped Miner at Press ConferenceAt a press conference in Hangzhou held on the 8th of August, Canaan Creative unveiled what it claims is the world’s first 7nm mining chip.

According to Weixin, the Secretary-General of the Zhejiang Semiconductor Industry Association, Mr. Chen Guanglei, described the development of the 7nm chip “giving the Zhejiang semiconductor industry an opportunity to lead the world.”

Canaan also announced that it will be releasing the world’s first mass producer miner featuring the 7nm chips, the Avalonminer A9. The company claims that the A9 is has a performance of between 60w and 70w per terahash and a hash rate of between 26.5 and 30 terahashes per second.

Public affairs director, Jianan Yun Chi Tu Songhua, stated: “The 7nm chip is known as the global leader in blockchain repetitive computing. The world’s first 7nm mass production chip was born in Jianan, which is the power of technology and the strength of the team. The chip has the industry’s highest computing density, lower cost and greater capacity, low power consumption, high temperature and high yield.”

Mining Appliances Set to Start “Smart Home AI Era”

Canaan Unveils 7nm Chip Equipped Miner at Press ConferenceCanaan discussed three other upcoming products, including the Avalonminer L – a Litecoin with a performance of 0.84w per megahash and a total hashing power of 1,891 megahashes.

The company also showcased its upcoming bitcoin mining television set, the Avaloninside – which will feature A3210 16nm ASIC chip producing a hash rate of 2.8 terahashes per second and consume 100w per terahash.

According to Luo Yanqiang, “The principle is to use the traditional home appliances in the process of use, participate in the blockchain calculation, for the future implementation of household cloud computing for household appliances, and gradually form the basis of the smart home AI era.”

Additionally, the company will introduce to its product range a household heater that mines cryptocurrency.

What is your response to Canaan Creative’s upcoming products? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

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The post Canaan Unveils 7nm Chip Equipped Miner at Press Conference appeared first on Bitcoin News.

Original article was created by: Samuel Haig at news.bitcoin.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

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