Canaan Inc. (NASDAQ: CAN), a leading supplier of high-performance computing solutions, announced today (October 24) the debut of the Avalon Made A13 (“A13”) series, a new generation of high-performance Bitcoin mining machines.
The new A13 series will contain two distinct models, each of which will be powered by modern ASIC technology. Compared to their predecessors, these new mining models will have greater power efficiency and increased computational power.
In particular, the hash rate of the model A1346 is 110 TH/s, and its power efficiency is 30J/TH, whereas the hash rate of the model A1366 is 130 TH/s, which has a power efficiency of 25 J/TH.
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Chairman and Chief Executive Officer of Canaan, Nangeng Zhang, commented:
“The launch of our new generation Bitcoin mining machine is a key research and development milestone as we take our pursuit of higher computing power, better power efficiency, superior user experience, and optimal cost effectiveness to a whole new level.”
He added:
“We believe that our new generation products will enable us to better fulfill our mission of supporting the Bitcoin ecosystem by providing superior products, solutions, and services.”
Bitcoin mining difficulty
Notably, Finbold reported two weeks ago on October 10 that although the price of Bitcoin (BTC), the largest cryptocurrency by market capitalization, had been stabilizing, the BTC mining difficulty as of October 10 was 35.61 trillion, which is not only its new all-time high but also the sharpest increase since May 13, 2021 (+13.55%).
Meanwhile, Frank Holmes, CEO of investment firm U.S. Global Investors, believes that the threshold price below which Bitcoin miners could halt their operations is $12,000, as this is the break-even when they become unprofitable, as if the price of the maiden digital asset drops significantly, it might become less profitable to mine it.
Finally, in light of an ongoing debate over the impact of Bitcoin mining on the environment, the Bitcoin Mining Council (BMC) has presented new facts asserting that for Q3 2022 global BTC mining consumes only 0.16% of the world’s energy production.
