The Best Home Bitcoin Miner & Heater - Canaan Avalon Nano 3S
Bitcoin mining at home can be daunting but with Canaan they truly make it easy for anyone to both mine Bitcoin and heat their home!
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Get excited, over the next few minutes I will be breaking down one of the best entries into home Bitcoin mining on the market. Not only is the device easy to setup, it also acts as a heater and looks sleek while doing it! Luckily you do not have to just trust me, take a look for yourself and get ready to learn everything you need to know about Canaan and this new home Bitcoin miner!
I have been excited to write this article for months! Why? For two reasons:
This is my first article about Bitcoin! It feels wild to say but I have thus far focused exclusively on Altcoins and DePIN projects.
I have been following this Bitcoin miner since it was announced on January 7th and could not wait to get my hands on this device!
Executive Summary & ROI:
How to Mine: Through the use of their Avalon Nano 3S and ANY mining pool you want (more to come on this later)
Requirement to Mine: Their miner, electricity and WiFi
Token: Bitcoin
Current Bitcoin Price: $109K
Avalon Nano 3S Computing Power: 6Th/s
Avalon Nano 3S Power Consumption: 140W
Energy Efficiency: 0.023j/Gh.
Investment to Start Mining: $287 at Helium Deploy with Discount Code DEPINBT
Given that this is Bitcoin mining, not DePIN let me break this next part down for you really quick. You have two primary options when mining Bitcoin, Solo vs Pool Mining (I personally am solo mining):
Solo Mining:
Summary: You mine alone, using your own hardware. High risk, high reward.
Rewards: If you find a block, you get the full reward - currently 3.125 BTC or $340,273!
Pros: Full rewards, no sharing.
Cons: Very low chance of finding a block unless you have massive computing power - Find your precise odds Here
Pool Mining:
Summary: You join a group (a "pool") of miners who work together to find blocks. Low risk, low reward.
Rewards: Shared among all participants based on the work they contribute. For the Avalon Nano 3S that is $125 per year
Pros: More consistent, smaller payouts.
Cons: You share rewards, and the pool may charge a small fee.
For a Quick Bitcoin Summary: Bitcoin is a decentralized digital currency created in 2009 by the pseudonymous Satoshi Nakamoto, following the 2008 financial crisis. It introduced the idea of a peer-to-peer financial system that doesn’t rely on banks or governments. Bitcoin runs on blockchain technology, a public ledger where transactions are verified by miners using computing power. With a fixed supply of 21 million coins, it’s often seen as “digital gold.” Over time, it evolved from a niche experiment to a global financial asset, challenging traditional views of money and value. It also created the cryptocurrency boom we see today and made my core focus of DePIN possible!
Canaan Company Summary
Claim to Fame: In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in bitcoin's history under the brand name, Avalon.
2024 Annual Revenue: $269.32M which represents 27.35% growth
Employees: 463
Current Stock Price: $0.6661
Market Cap: 307.75M
Key Avalon Nano 3S Features
Go To Market Product Differentiation
Ease of Use: The inclusion of both an app to manage the miner and a QR code to begin mining make this a VERY simple miner to both deploy and manage.
Focused Heat Production: A byproduct often thought of a waste from mining Bitcoin is heat generation. Very few companies have thought to harness that and Canaan gives this miner a way to add value beyond hashpower. For context, the other company for reference in this space is Altair with their BitChimney Space Heater.
Quality Assurance and Warranty: There is a 360-day limited warranty starting from registration of the device.
Security Prioritization: Canaan focuses on the information security of the device and includes rigorous encryption algorithms and handshake mechanisms to reduce cybersecurity issues.
Open Source: Canaan is open source in certain areas to improve transparency, security and innovation.
Canaan Social Media Stats
Number of Followers on LinkedIn: 22K
Number of Members on Telegram: 490
Number of Followers on Twitter: 13,200
Recent Canaan News
Canaan Unveils Avalon Q : a Professional-Grade Quiet Bitcoin Mining Solution for Home Use - The Avalon Q offers up to 90 TH/s hash power with adjustable consumption (800W-1600W), making it adaptable to standard home electrical systems. This flexibility allows home miners to optimize their operation based on electricity costs and mining profitability. The Avalon Q is also the first professional-grade Bitcoin miner to support 110V home power worldwide.
Canaan Introduces Revolutionary Bitcoin Mining Heaters for Home and Personal Use in CES 2025 - Canaan is redefining home cryptocurrency mining with two groundbreaking devices. The Avalon Mini 3, with a Hashrate of 37.5Th/s, offers a unique dual-purpose solution, combining efficient Bitcoin mining with home heating. The app-controlled operation and sleek, quiet design, provides a remarkably easy-to-use, energy-efficient solution for mining newcomers and enthusiasts.
My Experience with the Avalon Nano 3S
Deploying the Device: If mining into a pool - less than 5 minutes to setup. If solo mining - less than 10 minutes to setup and verify it is working
Maintaining the Device: None required besides the occasional air filter cleaning which is simply a rinse of the removable foam in the back
Customer Support: A
Presence and Influence in the Crypto: A+ (found at the major conferences and events while actively developing partnerships and expanding their product line)
My Recommendation on Avalon Nano 3S
Buy / Wait / Sell: Buy IF you are looking for ease of deployment, hear OR you want to try your hand at the Solo Mining Lottery!
Confidence in Canaan: High
Value in the Product / Requirement of the Device: High
Where to Buy the Canaan Avalon Nano 3S : HeliumDeploy Via This Link (Don’t forget to use the Discount Code -DEPINBT to save 10%)
TL;DR: Canaan knocks this home bitcoin miner out of the park! It is easy to deploy, adds subtle heat to any room and can add significant hashpower to your solo mining pool. If you are looking to buy this for passive income, I would instead recommend you look at These ASICS instead.
Don’t forget these codes and know I truly appreciate you for using them!
Happy Mining, DePIN Beta Tester
Any statistics that this device has ever mined
Or validated a 10 minute block of transactions of
the bitcoin network
Or how it actually works with the POW algorithm 🤔🗯️