Canaan, a leading manufacturer of Bitcoin miners, has recently unveiled its latest professional-grade Bitcoin mining machine, the Avalon Q. This new product is designed specifically for home users, making professional Bitcoin mining accessible to ordinary individuals. The Avalon Q combines institutional-level computing power with household power compatibility and low operating sound, allowing users to mine Bitcoin from the comfort of their own homes.
NG Zhang, the Founder and CEO of Canaan, believes that the Avalon Q democratizes Bitcoin mining by enabling operations outside of traditional mining facilities. He states, “Cryptocurrency enthusiasts no longer need to choose between powerful mining capabilities and residential compatibility.” This new machine opens up opportunities for individuals who want to be active participants in the Bitcoin network without the need for a dedicated mining facility.
The company has noticed a growing interest in home-based Bitcoin mining, with individuals seeking greater control over their crypto operations. Canaan recognizes that home mining not only provides an investment opportunity but also allows users to contribute to the security of the network. The Avalon Home series includes the Avalon Q, Avalon Mini 3, and Avalon Nano 3S, catering to different levels of mining expertise.
The Avalon Q is the first professional-grade Bitcoin miner to support 110V home power globally, offering up to 90 TH/s hash power with adjustable consumption ranging from 800W to 1600W. This flexibility allows users to optimize their operations based on electricity costs and mining profitability. In addition, the Avalon Q operates quietly at 45 dB, making it suitable for use anywhere in the home, including the basement or garage.
Key features of the Avalon Q include durability, a 360-day guarantee, and the Avalon Family APP, which simplifies the plug-and-mine process for both beginner and experienced miners. Users can also earn 132% cashback monthly through the machine. Home miners can connect to the F2Pool mining pool via the Avalon Family App, further enhancing their mining experience.
The Avalon Q is currently available for pre-order until the end of April, priced at $1,599. Canaan recently reported strong financial results for 2024, with total revenues exceeding projections. The company also announced expansion plans for self-mining capabilities in North America, further solidifying its position in the Bitcoin mining industry.
Overall, Canaan’s latest release of the Avalon Q marks a significant step towards making professional Bitcoin mining accessible to home users. With its innovative features and user-friendly design, the Avalon Q is set to revolutionize the way individuals engage with cryptocurrency mining from the comfort of their own homes.