3 the main provider of ASIC-miners


3 the main provider of ASIC-miners


The Chinese company Bitmain Technologies — a leading manufacturer of ASIC in the world, which, as reported, is estimated at $ 14 billion. According to the February report Sanford C. Bernstein & Co., Bitmain is in this market more than 75%.


One of the biggest competitors Bitmain — Canaan Creative, or just Cannan, also with headquarters in Beijing. The firm was founded in 2013 In JI Yong and produces blockchain servers, and also designs microprocessors ASIC. According to a report by Sanford C. Bernstein & Co, Canaan about 15% of the world market of the bitcoin chips, and other mining equipment. Last year, the company reported revenue of $ 203 million.

In 2017 Canaan sold almost 300 mining computers Avalon, and largest overseas markets were the USA and Sweden. In JI Yong come up with the first chip designed specifically for mining by implementing a software algorithm on FPGA device, and created two brand Icarus and Lancelot. The success of products inspired him to create the company and Canaan line of ASIC chips for mining, Avalon.

Edition of the South Morning Post reports that in August, the company introduced the first bitcoin TV, dubbed AvalonMiner Inside — its capacity is 2.8 trillion hashes per second, and the most powerful of the miners of the company can process 11 trillion hashes per second.

In Canaan also say that 4K TV is equipped with artificial intelligence and can calculate the profitability of mining in real time, and supports voice control. The company plans to put the device to organizations that, in turn, will sell it to its customers. You can also expect to see, and other appliances with the function of mining — in addition to TV, the company will launch 30T Avalonminer A9 chip, manufactured according to the process of 7 nm, Litecoin Avalonminer household heater.

Bitmain even just preparing for the IPO, and Canaan has already filed an application for IPO in Hong Kong, with estimates it could raise about $ 1 billion.


Ebang (Zhejiang Ebang Communication) — another major Chinese chipmaker, is planning a share placement on the Hong Kong stock exchange (HKEX). The application was filed in July, it is planned to attract $ 1 billion. According to reports, in 2017 Ebang received income in the amount of $ 135 million, which is 17% more than in 2016.

The company was founded in 2010 in the Chinese city of Hangzhou, where is its headquarters, initially made equipment for the telecommunications industry, and only in 2016 came on the cryptocurrency market, making competition Bitmain and Cannan Creative and launching its own series of miners Ebit.

According Smartkarma, Ebang miners use ASIC chips produced at 10-nanometer process technology that enables faster hashing than the 16-nanometer chips used by Bitmain and Canaan.

According to a list compiled by the Shanghai research Institute of Haruna, all three firms — Bitmain, Canaan and Ebang for the first time joined the list of unicorns, there are private companies worth more than $ 1 billion. With an estimate of 10.3 billion dollars Bitmain occupies the 13th place in the list, and Canaan and Ebang is estimated at $ 3 billion, respectively, occupying 32 and 53 places in the list.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.