Canaan : and TERMS Join Forces to Enable Green Crypto Mining with Solar Energy

Canaan and TERMS Join Forces to Enable Green Crypto Mining with Solar Energy

publish date 2021-07-23

Source from Crypto reporter: https://www.crypto-reporter.com/press-releases/canaan-terms-17396/

Canaan, a leading provider of supercomputing solutions, is now working closely with customers to deploy sustainable energy to power their 1246 Avalon Miner mining machines, putting the company at the forefront of sustainable crypto mining initiatives.

In keeping with a studyby Cambridge College, power effectivity has emerged as a important strategic consideration for hashers' around the globe. With 39 p.c of the Bitcoin community now powered by renewable power - primarily hydroelectricity, low-cost and sustainable power sources are more and more seen as a aggressive benefit for miners trying to maximize their mining income in an intensely aggressive atmosphere.

Miners around the globe are reimagining a mining atmosphere that's each sustainable and viable, with a strategic long-term view of an entire integration of business, sustainability and environmental targets.

For Czech Republic photo voltaic power firm TERMS, this was clearly the best way ahead - they determined to diversify into mining crypto as an alternative of shopping for it. TERMS focuses on the photo voltaic power enterprise and it was an apparent subsequent step to make use of a most of renewable power for mining. They function a number of mining farms, some are powered by photo voltaic power, others are powered by biogas power, which is extensively obtainable within the Czech Republic, and their farms at the moment are powered by sustainable power for 80 p.c of their whole power consumption on common.

As an trade chief, Canaan's mining tools offers TERMS with sturdy computing energy and vital value efficiencies: the A1246 Avalon Miner has a powerful hashrate of 90TH/s and energy effectivity of 38J/TH, making it one of the highly effective and power environment friendly ASIC miners available on the market at the moment. The partnership between Canaan and TERMS blends the spectacular energy efficiencies of the Avalon Miner with photo voltaic power sources to supply environment friendly and aggressive mining operations in a sustainable method.

Pavel Schwarz, proprietor of TERMS mentioned: 'We now have reprioritized our mining operations to be each worthwhile and sustainable. Inexperienced power decreases our total working prices and the brand new inexperienced mining farms are simply step one in the direction of our objective of being 100% sustainable in 5 years. Mining is a long-term enterprise for us, and our focus is to make use of solely excessive effectivity miners. Canaan has not solely delivered on this, but in addition their unrivalled after-sales service and expertise innovation have been key choice standards for a long-term partnership'.

Nangeng Zhang, CEO and Chairman of Canaan, mentioned: 'As a number one chip designer within the trade, Canaan is actively dedicated to a extra sustainable mining trade ecosystem; we proceed to speculate additional into expertise innovation by way of in depth analysis and growth, particularly in areas of power optimization and energy efficiency in an effort to exceed our buyer's expectations. We stay up for a continued partnership with TERMS in sustainable mining improvements'.