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Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by riqelme to CryptoCurrency [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by cryptosyringe to bitcoin_uncensored [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by cryptosyringe to BitcoinMining [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by bitnewsbot to bitnewsbot [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO - CoinDesk

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO - CoinDesk submitted by Crypto_Fever to BitcoinMining [link] [comments]

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing submitted by a36 to AllThingsCrypto [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by a36 to AllThingsCrypto [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

submitted by Ranzware to BitNewsLive [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO submitted by scgco to GGCrypto [link] [comments]

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

submitted by n4bb to CoinPath [link] [comments]

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing submitted by Ranzware to BitNewsLive [link] [comments]

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing

Avalon Bitcoin Miner Maker Canaan Posts $13 Million Q3 Profit in New Filing submitted by n4bb to CoinPath [link] [comments]

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt - CoinDesk

submitted by xHeiii to altcoin_critique [link] [comments]

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt submitted by Ranzware to BitNewsLive [link] [comments]

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt

Avalon Bitcoin Miner Maker Canaan Is Plotting Another IPO Attempt submitted by ulros to fbitcoin [link] [comments]

380 - 400 GH/s Avalon Bitcoin Miner on eBay

I am seeing some 380-400 GH/s miners on eBay. Price is a bit steep but cheaper than buying a bunch of Antminers I suppose. Seems they are using the Avalon 55nm chips. Any feedback or info about these machines?
submitted by AvireXerivA to BitcoinMining [link] [comments]

[REQUEST] Yifu Guo , Creator of Avalon bitcoin miners

Just want to help spread awareness about Bitcoin and also very interested to see how the bitcoin community would respond to an IAmA featuring Yifu
Where do you see bitcoin in a year from now? 5?
How long did it take to develop the first avalon prototype?
How many avalon miners have shipped to date?
What got YOU into bitcoin?
Are ASIC units going to kill gpu mining all-together?
submitted by BitBeggar to IAmA [link] [comments]

65 gh/s Avalon Bitcoin Miner, On-hand

This post is NOT to sell, only to discuss about the potential mining profits if I keep this unit for another couple of months.
Currently I get around 2.5-3 bitcoins a day. This was from 5 bitcoins a day when I first received the unit from Avalon.
Question: If I keep this for another couple of months, what is the likely daily bitcoin production this unit pump in the next 2-3 months?
My email is [email protected]
submitted by coinnewb to Bitcoin [link] [comments]

Avalon Bitcoin Miner 220 GH/s - 230 GH/s Free Expedited Shipping! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/avalon-bitcoin-miner-220-ghs-230-ghs-free-expedited-shipping/

Avalon Bitcoin Miner 220 GH/s - 230 GH/s Free Expedited Shipping! is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/avalon-bitcoin-miner-220-ghs-230-ghs-free-expedited-shipping/ submitted by duetschpire to cryptothrift [link] [comments]

Canaan's new ASIC is a Pipe Dream, not an Ethereum Threat

So, yesterday Kristy-Leigh Minehan posted on Twitter that a company named Canaan announced an ASIC that is capable of 0.68W/Mhs
That's 2200Mh/s running at 1500w
https://twitter.com/OhGodAGirl/status/1176938519866089473
Here is a list of how it compares to other ASICs and GPUs.
https://blog.miningstore.com/blog/ethereum-mining-hardware-for-2019
She used this tweet to promote the need for ProgPoW
Today, I am attempting to explain that Canaan is not a threat to centralize Ethereum mining with their ASICs.
First, I cannot find any information regarding Canaan announcing an Ethereum ASIC other than Kristy's twitter post
There is only one article written about it and it uses Kristy's twitter post as their source.
https://cryptoslate.com/ethereum-asic-dominates-gpu-performance/
Nothing on Canaan's website talks about this miner
Nor does Canaan's twitter account mention anything like this.
If we look closely at Kristy's twitter picture, you can see the Canaan Ethereum miner will be called the V10.
I cannot find any info anywhere on this miner.
You would think that if Canaan is unveiling a new product, they would be talking about it more to spread awareness and raise hype, but they aren't.
I mean, they made a big to-do when they announced the A10 bitcoin miner in March, so why are they posting nothing about the V10 ethereum miner.
https://twitter.com/canaanio/status/1111513725733724160
And a google search will show many many more articles written about the bitcoin A10 after its announcement.
I'm not saying the announcement isn't real, just that I find it odd that the company isn't talking about it themselves.
Canaan did respond to a tweet from “cryptoState”, the writer's of the article based on Kristy's tweet.
Canaan replied that the v10 is not an official worldwide Canaan product.
https://twitter.com/canaanio/status/1177088253431668736
and further in the cryptostate article, Canaan says “It is a little hard to explain, but those are not products designed and built by Canaan engineering. They are products sold by the domestic sales team and are not an official worldwide Canaan product,”
I do not know what that means exactly. If it means it's not an official Canaan product, or that it won't be available worldwide, or what.
But this is the first clue to me that it isn't anything to worry about.
If it's not an official Canaan product, then it doesn't seem like it will have support from Canaan to bring it to market.
It won't be marketed by Canaan, use it's supply chain, it's business resources and contacts, use it's support system, or be built by Canaan.
Next, yes 0.68W/Mhs is more efficient than GPUs, but that isn't all that matters when miners choose the devices to use.
What matters also is how much the machine costs.
If the V10 is price too high, then it's not something to worry about.
Without a price, Kristy can't claim in good faith that the V10 is something Ethereum needs to worry about and a reason ProgPoW needs to be adopted.
I'm not sure how to price the thing, myself, but at current ETH prices and hashrate, it would make $2200 in 4 months.
I think generally ASIC mfgs price their machines to break even in 3-4 months.
So that would be the machine will cost around $2200.
BUT, that's only if ONE machine is running on the network.
The more machines on the network, the less profitable they are.
If we look at the Avalon A1066, it's november batch costs $1390, and has a break-even time of 464 months at current bitcoin prices.
So it seems to me the Canaan V10 will be quite a bit more expensive than $2200.
Which doesn't make it feasible for that many people to buy.
Next, there was no product on display at the New Era Mining Summit, where this product was announced.
Only some graphics of numbers they claim.
Nor can I find any technical documentation talking about how they plan to achieve the advertised hashrate
I tweeted Kristy telling her that this seems, at best, like just an idea to me, to help them raise money and that it takes more than an idea to bring an ASIC to market.
https://twitter.com/AltcoinXP/status/1177290387205054464
Kristy then blocked me on Twitter and told me to stop spreading misinformation.
https://imgur.com/lWEAWbd
So, now let's talk about the article I replied to her with, claiming that Canaan doesn't have enough funding for this.
Granted, I said this without doing as much research as I could've, but let's see if what I said holds true.
Here is the article I linked in the tweet.
https://www.coindesk.com/avalon-bitcoin-miner-maker-canaan-is-plotting-another-ipo-attempt
Notice the date this article was published. March 27th 2019.
Notice that Avalon announce their Bitcoin A10 miner the next day.
https://twitter.com/canaanio/status/1111513725733724160
Perhaps to help attract funding from new investors, which the Coindesk article says they haven't been able to bring on any new investors in a long time.
I'm not going to cite the whole article here, read it for yourself, but it generally explains that Canaan is unable to attract new funding.
Also, Xianfu Lui, a 17.2% shareholder in Canaan left the company in February, so I doubt he invested money into Canaan.
https://www.coindesk.com/co-founder-quits-avalon-mining-chip-maker-canaan-over-differences
Here are some more Coindesk articles speaking about Canaan trying to raise money.
https://www.coindesk.com/huobi-plans-backdoor-ipo-attempt-in-hong-kong-document-suggests
“After mining giant Bitmain’s IPO attempt in Hong Kong was allowed to expire, apparently due to reluctance from HKEX, it’s reportedly now planning to list in the U.S. Another miner manufacturer, Canaan Creative, is also reported to have already confidentially filed in the U.S. after a failed HKEX attempt. “
https://www.coindesk.com/bitcoin-miner-maker-canaan-confidentially-files-for-ipo-in-us-report
https://www.coindesk.com/bitcoin-miner-canaans-ipo-likely-delayed-after-hong-kong-filing-expires
“The Reuters report, citing anonymous sources, further said the HKEX and financial regulators in Hong Kong have raised questions over Canaan’s business model, given the volatile nature of cryptocurrencies. As such, the news agency said the IPO might not go ahead this year, since there have been no updates from a listing hearing with the HKEX. “
So seems to be Caanan is having a hard time finding funding for their endeavors. Pretty much every single article on Coindesk about them is about them trying to get funding and failing at it.
So do they have enough money to bring the V10 to market AND bring enough V10s to be a problem?
They would need to produce 45,000 units to get 50% of the Ethereum mining power.
Current network is 197TH/s https://bitinfocharts.com/ethereum/
Currently Bitmain is estimated to have produced less than 20,000 units since the Antminer E3's announcement in April 2018.
https://www.reddit.com/ethereum/comments/d8fuvj/an_argument_against_progpow_a_day_part_1/f1axc2c/
https://www.coindesk.com/bitmain-confirms-release-first-ever-ethereum-asic-miners
Bitmain being a much larger company than Canaan, it seems unlikely they will produce 45,000 units quick enough to become a problem.
Anyway,
For those of you that don't know, Canaan manages the Avalon bitcoin ASICs and have done so since 2014. Canaan is fulling in charge of Avalon.
https://en.bitcoin.it/wiki/Avalon
Maybe I should've said that sooner, I don't know. I'm just typing as I come up with stuff.
But we can look at Avalon's bitcoin past to determine what the future ethereum miner supply might look like. Keep in mind though, this was also during a time when they were well-funded.
I'm not sure what their bank account looks like now, but they have been in the red every year since their existance, so I have to assume they have less money now than when they were releasing bitcoin miners
Avalon announce the A10 March 2019, and started shipping pre-orders in October 2019.
If the V10 follows suit, we won't see a V10 in the hands of miners until April 2020
https://www.coindesk.com/demand-for-new-bitcoin-miners-is-again-outstripping-supply
Ok, I'm done. That's all I put together and why I don't believe the Canaan ASIC that was announced is a concern warranting the immediate adoption of ProgPoW
Thanks for reading.
submitted by Anthony-AltcoinXP to ethereum [link] [comments]

More reason Caanan's Ethereum ASIC announcement is a pipe dream

As I've argued before Canaan's ASIC announcement that was used to promote the need for ProgPoW will unlikely be any cause for mining centralization concern. If their IPO gets funded (which is unlikely to get approved, let alone funded), then I could see looking into their production capabilities and effect on network centralization before acting. But, as of right now, and the foreseeable future, they aren't a concern.
https://www.coindesk.com/avalon-bitcoin-miner-maker-canaan-officially-files-for-400-million-us-ipo
submitted by Anthony-AltcoinXP to ethereum [link] [comments]

Unboxing Avalon 721 Bitcoin Miner 20ft Bitcoin mining container for Canaan Avalon SHA256 ASICs by Power Mining Avalon Mini Miner Setup AvalonMiner 721 Setup Guide Avalon 6 Bitcoin Mining Hardware Setup

Avalon Miners. Add to cart. AvalonMiner 1066 Pro – 55T. 5.00 out of 5 $ 675.00. Add to cart. CanaanAvalon Miner 1066. 5.00 out of 5 $ 675.00. Add to cart. AvalonMiner 1146 – 56T. 5.00 out of 5 $ 700.00. Add to cart. Canaan AvalonMiner A1166. 5.00 out of 5 $ 800.00. Add to cart. AvalonMiner 1166 – 68T. Canaan Avalon 1066 (50Th) Bitcoin miner – Second-hand € 600.00 Canaan Avalon 1066 Bitcoin miner that can produce at (50 Th) hash rate with about 3450 Watt power consumption. The Avalon 841 is an 8th generation SHA-256 miner. It is powered by 104 A3210HP 16nm ASICs, the 841 delivers a minimum hashrate of 13+ Terahash at a nominal 1290 Watts. Designed, built and tested to last, the 841 comes with a 2-year limited warranty. Cooling is provided by 1 fan operating at a maximum 6000 RPM. Canaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Newbie Miner having set -up problems with Avalon 741 miners - Please help Ok, so I got my two brand new Avalon 741's with a controller and everything but they are not mining. The controller is set up and connected to the network - I can access it.

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Unboxing Avalon 721 Bitcoin Miner

Avalon 6 Bitcoin Mining Hardware Setup - Duration: 8:05. Bitcoin Mining 98,765 views. 8:05. 12 Year Old Boy Humiliates Simon Cowell - Duration: 5:37. LosGranosTV Recommended for you. Hi, I’m Daniel from Power Mining and currently we are shipping our newest model for Canaan Avalon Bitcoin ASIC miners to our client in Europe. This container is built for Avalon 1041 model ... Обзор Bitcoin майнера AVALON-6 3.5 TH/s. How Much can you make mining bitcoins + Antminer R4 unboxing and complete setup - Duration: 26:16. How Much? 344,973 views This miner is a batch 2 Avalon Bitcoin Miner. It's been running at around 80ghs since the firmware upgrade, using --avalon-auto. Currently on Ebay at http://... This video will show you how to quickly get mining bitcoin with the Avalon Mini miner. For more information about bitcoin, please go to bitcoin.cbtnuggets.com.

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