China's supercomputing company Canaan Inc. (Nasdaq: CAN) has revealed its new mining machine – the AvalonMiner 1166 Pro.
The AvalonMiner 1166 Pro has a hashrate of 81TH/s and power consumption of 3400W. It is optimized in terms of fuselage structure, fan cooling, background management, and native firmware.
AvalonMiner 1166 covers the chip with special thermal conductive silicone grease, which improves the thermal conductivity of the chip and reduces the thermal resistance between the heat sink and the chip. The cool function largely increases the efficiency of heat dissipation of the new machine.
Avalon is a long-time partner of TSMC, SMIC, and Samsung, so miners no longer have to worry about the delay caused by lack of capacity.
Bitcoin was trading at $11,312 intraday Tuesday, more than double its mid-March level.
As the price of Bitcoin rebounds, new players are eager to enter the mining machine manufacturing sector, while the established manufacturers are doing their best to update the technology to manufacture leading products in the market.
According to Tokeninsight’s 2020 Q2 Cryptocurrency Mining Industry Report, “in the first half of 2020, new generation mining machines including Bitmain’s S19 and S19 Pro, WhatsMiner M30 series, and Canaan’s A1146 Pro and A1166 Pro have been launched one after another.”
Distribution of Bitcoin mining rig model manufacturers. (Source: Tokeninsight, and F2pool).
“From the data published by several manufacturers, the new generation of mining machines has been greatly optimized and improved in terms of performance and power consumption," the report states.
Canaan is one of the leading players in the industry and is currently working under the development strategy of blockchain + AI.
“Mining hardware is facing an accelerated iteration period, and the field of AI chips will become a battleground,” Tokeninsight said.
Canaan became the first Chinese supercomputing company to become publicly traded in New York in November 2019.
Operating since 2013, Hangzhou-based Canaan delivers supercomputing solutions tailored to client needs.
The company focuses on the research and development of artificial intelligence (AI) technology – specifically, AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration, and chip integration. Canaan is also known as a top manufacturer of mining hardware in China – the global leader in digital currency mining.
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