Canaan, the company, has decided to support the trend of ASICs for residential spaces (apartments, houses) and has released its own solution called the Avalon Nano 3. Unlike its competitors, the Nano 3 is a SHA-256 ASIC, meaning it mines Bitcoin directly. As befits a home ASIC device, the Nano 3 has an attractive appearance, a display for information, and simple setup, which involves downloading an application and scanning a QR code. After these two simple steps, the ASIC will start working and mining the Bitcoin cryptocurrency for its owner.
For its small size, quietness, and design, there is a trade-off with a low hash rate of 4Th/s and not very high energy efficiency at 35 J/TH. The cost per TH is also higher than industrial mining devices, at 25 USD/TH. Although the cost of the ASIC itself is only 99 USD, which is quite suitable for purchase as a gift or for independent initial study of the cryptocurrency mining process. For comparison, the Antminer S21 has better energy efficiency.
Technical specifications of the Canaan Avalon Nano 3:
