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Canaan Creative, the world’s second largest manufacturer of cryptocurrency mining hardware, has announced a new mining rig, the Avalonminer A911, alongside plans to develop a mining heater and portable miner. The company has also purportedly expressed its intention of developing a 5nm mining chip.

Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund

Hangzhou-based Canaan Creative recently announced a new range of planned products at a mining summit in Chengdu, including a new flagship mining rig, the Avalonminer A911.

Canaan’s Avalonminer sales director, Chen Feng, stated that the company’s latest miner will provide a maximum hash rate of 18 tera-hashes per second (TH/s), have a power consumption of 1440w, and perform at 80 Watts per THS of power usage. The A911 will be also be powered by Canaan’s recently unveiled 7nm mining chip.

Just two months after showcasing its new 7nm mining chip, Canaan Creative has supposedly announced that it will seek to develop a 5nm mining chip.

The announcement comes after the Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor manufacturer, announced in June that it plans to launch trial production of its “5nm Fin Field-Effect Transistor process technology” during the second half of 2019, with a goal of mass producing the nodes during 2020. At the time, Reuters reported that the company expects to invest $25 billion into developing the technology.

In contrast to TSMC’s 7nm chip, the company’s planned 5nm chip will adopt extreme ultraviolet lithography “for more critical layers to reduce multi-pattern process complexity while achieving aggressive die area scaling.”

Feng also announced Canaan’s intention to launch several new products seeking to further extend its integration of advanced computing technology into household appliances, including a cloud-computing heater and a mobile mining farm dubbed the ‘Avalon Box’. Canaan will also seek to develop an artificial intelligence chip called ‘Kendryte’.

The announcements follow Canaan’s unveiling of the world’s first bitcoin mining television set, the Avalonminer Inside, which was first showcased alongside the company’s 7nm mining chip at a press conference in Hangzhou on the 8th of August.

What is your opinion on the increasing integration of mining technology into household appliances? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

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The post Canaan Creative Announces New Avalonminer A911 Mining Rig appeared first on Bitcoin News.

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