Canaan Technology Expands Product Line with New A1566 Mining Rig
Date: 2024-05-10 Author: Oliver Abernathy Categories: BUSINESS
Canaan Technology, a leading developer of cryptocurrency mining hardware, has announced the release of its latest miner model in the Avalon A15 series, the A1566. The new device has a power output of an impressive 185 teragesh per second (TH/s), surpassing the previous generation. This ASIC miner represents a new milestone in energy efficiency, offering 18.5 joules per teragesh (J/TH).
Productivity and Energy Efficiency
The A1566 is a prime example of how Canaan Technology is committed to continuous improvement of its products. The setup delivers significantly higher performance than the previous flagship A14 device, offering 185 TH/s power compared to 170 TH/s and a power consumption of 3420 Watts. At the same time, with such power, energy efficiency remains at a high level, which is important for reducing energy costs during mining.
Commitment to improvement and development
In a press release, Canaan Technology emphasizes that the new A1566 model is the result of the company's active work to improve its products and market research. This is a commitment to continually developing and providing high-quality mining solutions, especially in the post-halving environment when it becomes increasingly difficult for miners to ensure high profitability of their operations.
Plans and prospects
The new line of Avalon A15 miners, including the A1566 model, are expected to help improve mining profitability and make the process more sustainable and profitable for users. In the context of a decrease in the average daily volume of revenues in the mining sector after the halving, new high-performance rigs could be a key factor for successful activity in the cryptocurrency market.
Price and future plans
While specific pricing for the A1566 has not been announced, the cost per terageg can be expected to be comparable to similar models from other manufacturers, at approximately $12.21 per terageg. Considering the high power of the A1566 installation, we can assume that its price will be at least $2075 per device.
Industry support
Note that Core Scientific previously expressed its intention to buy out the equipment of miners who encountered difficulties after the halving. This highlights the importance and support that the mining industry receives from various participants, ensuring the stability and development of the sector as a whole.
