New 31 THS Canaan Avalon A10 Bitcoin ASIC Miner is Coming
29
Mar 2019
Canaan Creative has announced heir second generation 7nm AvalonMiner ASIC – the A10 that should be capable of delivering 31 THS SHA256 hashrate with 1736W of power usage (56 W/THS energy efficiency). The 30 THS efficiency with 1700 Watts of power usage was supposed to be delivered last year with the announcement of the first 7nm ASIC miner – , however the first generation 7nm hardware was not able to deliver what was promised. Not to mention it came at a bad time for the and crypto in general – a declining profit and the whole crypto market going down, so the demand for the new devices was really low. Instead of 30 THS, the was only capable of delivering 20 THS at 1700W of power usage, so the new 2nd gen A10 devices should finally be able to deliver that level of power efficiency. No word yet on pricing and exact availability dates, the official website still does not list the new devices and Canaan is talking about March availability and they just made the announcement at the end of the month, so we should wait a bit more for additional details…
Palestinian officials are planning for the region of Palestine to receive its own digital currency within the next five years. The motivation for this stems from concerns about potential Israeli interference, Azzam Shawwa, Governor of the Palestinian Monetary Authority (PMA), told the news agency .
Palestinians have no sovereign currency of their own and use a combination of different currencies, including the euro, the dollar, the Jordanian dinar and the Israeli shekel, to conduct their daily financial transactions.
Due to the lack of a sovereign currency, Palestinian officials have little control over money supply and inflation. This is why the wants to introduce a bitcoin-like digital currency as the territory’s new legal tender, which will be called “the Palestinian Pound,” according to Shawwa.
It is the Palestinian Monetary Authority’s goal to become a fully-fledged and internationally recognized central bank for an independent Palestine. However, it is still unclear how a digital sovereign currency for Palestinians would sit with the . The protocol agreement gives the Palestinian Monetary Authority the functions of a central bank; however, it has not granted the institutions the right to issue its own currency. The Paris protocol recommends the use of the shekel in the region and, thereby, effectively provides Israel with a veto over the establishment of a Palestinian currency.
A sovereign digital currency, though, would make sense for Palestine. Not only would it allow the PMA to have more control over the country’s money supply and inflation, but it would also circumvent the practical challenges of delivering hard currency into the country as the PMA has no money-printing facilities.
“If we print currency, to get it into the country you would always need clearance from the Israelis and that could be an obstacle. So that is why we don’t want to go into it,” Shawwa explained to Reuters.
While the digital Palestinian pound is planned to be issued within the next five years, this will be no easy task for Palestinian authorities, given that the Palestinian Monetary Authority has been trying for over a decade to become an internationally recognized central bank.
Another option for the Palestinian monetary situation would be to keep the current status quo of the four above-mentioned currencies in use or to officially recognize one of the these currencies as the territory’s legal tender. However, a digital sovereign currency would be the preferred choice for Palestine, according to Shawwa.
bitcoin does not have a killer app, “I can’t use it to buy coffee”, says Mastering bitcoin author Andreas Antonopoulos, the author of Mastering bitcoin and a bitcoin proponent, spoke about the limited supply of […]
