Bitcoin miner manufacturer Canaan has recently unveiled two new products, the Avalon Mini 3 and Nano 3S, which not only mine cryptocurrency but also act as home heaters. Canaan, a renowned tech company specializing in ASIC chip design and development, is venturing into a unique territory that other mining companies have explored before: creating Bitcoin mining rigs that serve a dual purpose of mining and heating.
During the Consumer Electronics Show (CES) in Las Vegas, Canaan introduced the Avalon Mini 3 and Avalon Nano 3S, devices specifically designed to make crypto mining more accessible and to utilize the heat generated during the mining process to warm up homes. The Avalon Mini 3 boasts a hashrate of 37.5Th/s and is capable of mining Bitcoin while also providing heat for residential spaces. Canaan touts the device’s “quiet design” and energy-efficient solution, making it suitable for both mining newcomers and enthusiasts.
On the other hand, the Avalon Nano 3S, with a hashrate of 6Th/s, is a more affordable option targeted towards beginners in the mining industry. Its compact and portable design makes it ideal for individuals looking to start mining without the need for a large setup. Canaan’s founder, NG Zhang, emphasizes the company’s mission to democratize Bitcoin mining and reduce environmental waste through innovative technology solutions. Canaan is currently offering a special preorder deal until the end of February, with the Avalon Nano 3S priced at $249 and the Avalon Mini 3 priced at $899 while supplies last.
While Canaan is not the first mining hardware company to explore the concept of combining crypto mining with household devices, previous attempts by companies like Heatbit and D-Central have faced challenges such as high costs, noise issues, and market volatility. As a result, these devices have remained niche products with limited adoption.
Overall, Canaan’s latest offerings aim to revolutionize the way technology creates value by integrating mining and heating functionalities into a single device. With a focus on accessibility and sustainability, Canaan’s innovative approach to Bitcoin mining sets it apart in the competitive mining hardware market.