Bitcoin mining on television? Yes, it’s possible through Canaan’s new hardware

Cryptocurrency mining giant Canaan, which controls about 17% of the Bitcoin mining market has unveiled the world’s first Bitcoin mining television. Called the AvalaonMiner Inside, the television allows you to mine Bitcoin while watching TV. While the hashing power of this TV is lesser than Canaan Creative’s most powerful hardware, the idea to mine Bitcoin from TV is definitely an interesting one! Canaan thinks that this will democratise Bitcoin mining, which is currently heavily controlled by Bitmain (70% of the overall market). Some analysts have been quick to dismiss this as a publicity stunt stating that the Bitcoin mining television does not offer any real utility. Interestingly, Canaan also plans to launch an IPO similar to Bitmain.

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