A few days ago in China, more precisely in Chengdu, a province of Sichuan, was held an important event organized by the mining pool Poolin dedicated to the mining of cryptocurrencies which was attended by various personalities in the industry, including several manufacturers. Among them could not miss Canaan, which during the event announced the arrival of a new range of ASICs for the mining of Bitcoin belonging to the family Avalon Miner, or the eleventh A11 series.
Canaan is a famous ASIC manufacturer, one of the first to enter the bitcoin mining hardware development industry, since the first products were created back in 2012, just before Bitmain.
Over the years the company has proposed several devices, all belonging to the Avalon Miner family, which soon could reach the eleventh generation.
New Canaan Avalon Miner A1146 and A1166 for Bitcoin mining
As can be seen from the photos taken a few days ago during the event, Canaan showed participants some initial data regarding the specifications of the company’s future products.
First of all, the Canaan Avalon Miner A1146 and A1166 will use chips based on an advanced production process, although it has not been specified whether or not will be used the one supplied by the foundries of TSMC 7 nm or by Samsung at 8 or 10 nm.
This is, however, a significant step forward as Canaan’s current top-of-the-range products (Avalon A1066 and A1046) use chips produced with a lithographic process that is rather old at 16 nm.
The efficiency of the new products will, therefore, be significantly improved, as it will go from the current 65 Watts for TH of the A1066 to 47 Watts for TH of the heir A1166.
Two models have been shown to the public. The first – the Canaan Avalon Miner A1146 – is an entry-level 58 TH/s solution with an energy efficiency of about 56 Watts per TH. The total power absorbed by this model, therefore, should be around 3300 Watts per hour.
The new top of the range – the Avalon Miner A1166 – will reach 70 TH/s with the same consumption, reaching an efficiency of 47 Watts per TH, practically close to that offered by the current solutions of the manufacturer Bitmain, until now considered the most efficient ASICs for bitcoin mining.
The price is not known, but according to some sources present at the event, it should be between 30 and 35 dollars per TH, depending on the solution. The Canaan Avalon Miner A1146, therefore, could cost between $1,750 and $2,050 dollars, while its older brother A1166 could debut at a figure between $2,100 and $2,500 dollars.
These are competitive figures, even if the availability factor must be considered. These products, which have not yet been officially announced and made available on the company’s website, will probably be pre-ordered in October/November, with the delivery of the first batches scheduled for January/February 2020.
A long wait, also exacerbated by the excessive demand for Bitcoin mining products that have been created in the last three months.