Bitcoin mining rig manufacturer Canaan creative has reportedly come up with an innovative new approach for normal folks to mine bitcoins by utilizing their TV sets.

With a hashing intensity of 2.8 trillion hashes for each second, the organization is wagering on expanded retail interest for bitcoin mining rigs, the South China Morning Post announced. However, the new Television, known under the name AvalonMiner Inside, is as yet a long ways from the organization's most great bitcoin mining machine as far as figuring power           The AvalonMiner 841 with 13 trillion hashes for each second, that retails for USD 618.

The report didn't specify, when the 43-inch tv set is going to be out there within the market and how much does it cost price.

As per the report, a machine with a hashing power of 2.8 trillion hashes per second could mine BTC 0.04319 (USD 331 at current costs) annually. Although, the report didn't determinepower consumption numbers.

Canaan’s television will be controlled by voice commands and is in a position to ascertain bitcoin mining gain in real time. The new product is the 1st in a planned new vary of blockchain-related home appliances from Canaan, the newspaper wrote.

Although it's definitely an innovative plan, early reactions from the bitcoin community reveals some skepticism. Beijing-based bitcoin analyst Xiao Lei was quoted in the article as saying “it looks more a sort of hype. It’ll be more meaningful if these corporations are able to infix the mining function into existing major TV brands.”

Canaan creative is the world’s second biggest maker of bitcoin mining rigs, following Bitmain Technologies. Every organization is headquartered in Beijing, China.

The news comes when Canaan this year documented an application to list the organization on the Hong Kong Stock Trade, where the hardware creator is planning to raise up to USD one billion through an initial public offering (IPO).

Canaan reported revenues of USD 205 million last year, a rise of an astonishing twenty seven times from the year before. The corporate sold nearly 300,000 mining machines last year, with the North American country and Sweden being among its biggest markets.

As indicated by figures from the organization's Initial public offering application, Canaan's mining machines represented around 20% of bitcoin hashing power comprehensively in 2017.

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