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Netflix and Mining: Avalon Presents Very First TV Miner

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Wed, 1/08/2018 - 19:54
Netflix and Mining: Avalon Presents Very First TV Miner
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CryptoComes has already reported on scammers that can turn your computer or smartphone into a stealthy mining hardware that operates without your consent. Avalon, one of the leading ASIC chip manufacturers, took the matter even further by introducing a full-blown miner that is actually a TV set.

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Is it a TV or a miner?

The TV set, which is still in the development stage, will include an in-built mining chip that is capable of holding a hash rate of two TH/s. Sure, it will not match the productivity of AvalonMiner 821, the company’s flagship product, but these results are still impressive considering that you can simply mine Bitcoin while watching your favorite content.    

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You will be able to remotely control the new 43-inch 4K TV screen with the help of an Android smartphone. The mined currency can be easily exchanged into any video content or additional services that this technology can offer.

Keeping up with competitors

By releasing such innovative products, Avalon (or Canaan) is hoping to gain on its major competitor Bitmain that currently enjoys a near-monopoly on the market. Back in 2013, Canaan was the first company that came up with ASIC chips that are specifically designed for mining purposes. While beating Bitmain seems like an unreachable goal, the company can still compete with another huge China-based chip manufacturer Halong Mining.

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