Category Archives: Glastonbury

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Canaan Crypto Mining TV Launched to Catch Bitmain’s Market

The so-called world’s first ever crypto mining TV has just been born, courtesy of the one of the largest makers of Bitcoin mining equipment, Canaan Creative.

South China Morning Post has reported the launch, which the company has stated is a step towards creating a new generation of devices which are linked to blockchain and IoT.

The device is marketed as a smart TV with a difference, enabling the user to tap into a processing output of 2.8 trillion hashes per second. Given that a made-for-purpose rig manufactured by the company can process 11 trillion hashes per second, this is still pretty significant for a TV.

The device is marketed as “AvalonMiner Inside”, although how the company connects their new device to the mystical isle associated with Glastonbury is anyone’s guess. Miners though, if not impressed by the name, will certainly have much to marvel at, according to Canaan. Such features as voice control, real-time Bitcoin mining profitability display and a digital tether to Canaan’s platform allowing users to pay for extras using mined coins.

The project has received some scorn, notably from Bitcoin analyst Xiao Lei who said: “It looks more like hype. It will be more meaningful if these companies are able to embed the mining function into existing major TV brands.”

There is absolutely nothing to say that this may be the way the future takes media hardware.

Canaan applied for an Initial Public Offering (IPO) earlier this year in Hong Kong with the hope of raining in a significant starter fund. At present, Canaan needs to keep one eye on its competitor Bitmain which at present has a huge 70% of the global Bitcoin mining device market. When the company applied for the IPO it stated:

“If we cannot maintain the scale and profitability of our single line of system products and, at the same time, offer new products, our ability to continue to grow will suffer.”

To this end, the company has expressed that it intends to follow up AvalonMiner Inside with further innovations, and break away from simply manufacturing mining chips.


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No It’s Not Glastonbury, It’s Cryptomania: The New Festival Experience

Brock Pierce’s comments that “the most likely way to get me to attend your conference is to throw really good parties” demonstrate the direction that crypto conferences have taken over recent years.

Of course, their official purpose, according to, is to offer attendees a few days of seminars, panel discussions and keynote speeches from leading industry figures, and if one is lucky, to make a business proposition to a fellow CEO.

That’s not exactly what they look like in the crypto age, in fact, they appear to have cast off the uncomfortable stage group discussion in front of an auditorium full of eager followers, for a gig more likely to have been stage-produced for Glastonbury festival.

The last big one, the Futurama Summit in Dubai, with its desert convoys, star-studded yacht party, a bar to drown the sorrows of the most discerning drinkers, fleets of helicopters, hot air balloons, and a massive firework extravaganza, is a recent case in point, even without the Lambos that new York provided two weeks earlier.

Some commentators suggest that the reason that such conferences are “defined by hospitality”, rather than the event itineraries, is down to the pure power of face-to-face interactions.

“The most valuable deals weren’t sealed in the meeting rooms or conference halls; they were concluded with bumped fists while sharing shishas at the Desert Rose Party; in the hot tub aboard a yacht with the city lights glittering across the bay; in the rooftop bar 37 floors up a New York skyscraper,” writes

In Dubai, scene of Pierce’s marriage, the actual blockchain discussions were basically moulded around networking events and basically, having fun. However, these events don’t come cheap, with admission prices running into the thousands of dollars; many happy to pay these after striking up a rewarding business relationship or tapping into yet another good idea.

The parties become the business end, in the same way, that music festivals are less about the music and more about letting go. Ticket holders may have time to squeeze in a panel, but the parties could be the attendees’ next big startup.


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