Canaan Creative Releases AvalonMiner Inside, a Bitcoin Mining Rig TV Set

Canaan Creative, also known as Avalon, unveiled the world’s first Bitcoin mining TV in its newest product release on July 31st.

The TV will be equipped with a built-in bitcoin mining chip, complete with an Android compatibility for mobile control. Listing by Canaan shows that the TV will use A3210 16nm ASIC chips, which hold a hashrate of 2.8 Terahash. For comparison, Canaan’s most powerful rig can process 11 trillion hashes per second. The Canaan Creative AvalonMiner Inside TV set can be controlled by voice commands and can calculate mining profitability in real-time. The ‘solo mining‘ based television product will also be 43 inches and 4K, meaning that it will feature more than 8 million pixels.

The announcement comes after the company submitted an IPO application in Hong Kong in May, which is expected to raise up to $1 billion. The TV set forms part of Canaan’s plan to build a broader user base and enable more home appliances to be used as part of the next generation of blockchain technology. Additionally, the company mentioned the risk of having a single product line in its Hong Kong filing. The addition of the TV to its portfolio can be seen as a way to combat this risk.

Canaan generated 1.3 billion yuan (about $205 million USD) in revenue in 2017, a 27-fold increase from the year earlier. Its profit in 2017 was 361 million yuan, up more than 230-fold from 2015, according to its filing to the Hong Kong stock exchange. I 2017, Canaan sold almost 300,000 Avalon mining machines, tripling the number from a year ago. The US and Sweden were among its biggest overseas markets, which accounted for 8.5 percent of its sales for the year.

Their much bigger rival Bitmain was also reportedly seeking a listing in Hong Kong, with a US$12 billion value at a pre-initial public offering funding round. If you ever thought bitcoin mining was a passing fad, just look at the growing hashrate power being contributed from around the world as well as the world's most valuable cryptocurrency-related company Bitmain and their $1.1 billion profits.

What do you guys think of the first ever bitcoin mining television setup from Canaan Creative? Which of you will be purchasing and using the AvalonMiner Inside bitcoin miner to start doubling up – now we can give a new meaning to Netflix and Chill, will be more like Netflix and Earn #Bitcoin in the near future!

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