Regulators Block Sale of Bitcoin Miner Avalon
A deal that would have seen Chinese manufacturer Shandong Luyitong purchase bitcoin mining hardware firm Canaan is no more. The deal is said to have been scuttled as a result of apprehension on the part of regulators from the Shenzhen Stock Exchange, which was weighing whether to approve the deal, first revealed in June. Representatives from Canaan said that following months of auditing, stock exchange officials balked because of the perceived risks and uncertainty surrounding both the company and bitcoin as a technology. Luyitong did not immediately respond to a request for comment. Signs....
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Avalon has a storied name in the Bitcoin ASIC Mining industry. As one of the first companies to produce and ship ASIC gear, they had several models that were excellent sellers. Simple to use and powerful at the same time. Other manufacturers have stepped up in power and performance since those days. Canaan Creative CO., LTD the company behind the current Avalon name released not too long ago the Avalon 4.1 Bitcoin ASIC miner. The Avalon 4.1 is similar in design to the Spondoolies-Tech SP20. What makes it different is the 4.1’s speed and physical size. It is larger in physical size than the....
Avalon, the first company to manufacture ASIC mining chips and sell them to consumers, has returned to the marketplace with a new chip after an absence of several years. Avalon has announced a new A3218 mining chip that will be released in the Avalon6 miner. According to Avalon, each server can process 3.65 TH/s at a power efficiency of 0.29 W/GH. Each server is composed of 80 of the Avalon A3218 chips. The system requires, at minimum, a 12VC DC, 1,100 watts PSU output. Unlike the other companies that have been developing 14nm chips, Avalon decided to stick with its 28nm ASIC chip. "What I....
The Avalon 6 ASIC Bitcoin miner is the latest in Bitcoin hardware from Canaan-Creative/Avalon. Much like the Avalon 4, the new housing makes for a streamlined cooling and setup method. Canaan-Creative, who resurrected the damaged Avalon brand, has worked hard on these next gen ASICs as well as their customer service. This effort has led to the partnership with BlockC.co for distribution. BlockC sent an Avalon 6 for review using their new distribution center in Silicon Valley. Having a US-based distributor allowed for fast shipping and the Avalon 6 (A6) arrived quickly and safely. The specs....
Krater, a new bitcoin mining rig builder, is offering a clone of the Avalon ASIC mining rig. Krater says it has purchased 10,000 Avalon ASIC chips and plans to build (to order) rigs with up to 320 chips in each that could reach a theoretical high of 90 giga-hashes per second (Ghps). If you have already purchased some Avalon ASICs, Krater will still build the rig for you. In its FAQ, Krater describes itself as: We are just three normal guys from Ohio. Combined, we have corporate developer experience, small business ownership experience, and component level electronics. We know there are....
Why do ASIC mining hardware manufacturers give their products names like Klondike and GoldStrike? It's because bitcoin mining is like a gold rush. People are rushing to stake a claim to a limited resource, and they need the best equipment that they can to mine it. After GPUs and FPGAs, the rush is on to produce ASIC-based miners that are faster and more power efficient than their predecessors. The market is flooded with vendors promising the next, greatest ASIC hardware. But all that glitters is not gold. Here is a roundup of what's on offer (and what's actually shipping, which isn't....