Canaan (NASDAQ:CAN) has introduced its latest generation of bitcoin mining machine. This machine is said to offer with enhanced computing power and improved power efficiency than its predecessors.
It is an Avalon Made A13 series,that includes two different models, powered by advanced ASIC technologies.
Model A1346 features a hash rate of 110 TH/s and a power efficiency of 30J/TH, while Model A1366 offers 130TH/s hash rate with a power efficiency of 25J/TH.
Bitcoin mining is the process of creating new bitcoins by solving complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.
Canaan is a China-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining
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