August 03, 2018By Adrian Barkley
“Canaan calls its new device the ‘AvalonMiner Inside’ and in addition to marketing it as a smart TV, it mentions that the device has a processing power of 2.8 trillion hashes per second. Canaan’s current most powerful mining rig is capable of processing 11 trillion hashes per second, making the AvalonMiner Inside roughly 25 percent as powerful as their top rig. According to Canaan, the AI-powered device has many desirable features that both regular users and miners will love. These features include voice control, real-time bitcoin mining profitability display and a digital tether to Canaan’s platform permitting users to pay for entertainment content or physical gifts using mined bitcoin.”See the full article for yourself, here. What’s the point? We have to ask ourselves what the point in this product is? It’s set to increase your house bills and will probably get quite hot. Is it really worth it? The notion of mining Bitcoin to spend on content is quite cool, perhaps this will allow users to be rewarded with free on demand content like movies for example, but even so, is this a product that we need, is there going to be a demand for it? Probably not. This is most likely to be a bit of a PR stunt, therefore we don’t expect that the AvalonMiner will reach mass production, instead, this is likely to be something for the crypto elite to enjoy. The future may have a demand for this sort of product and I guess Canaan can say they got there first. For now though, I don’t think it’s going to change the world is it?