Canaan Creative Technology Director Chen Feng: Mining machine production has not been reduced, and the new A10 product will be launched next year

Chen Feng, vice president of Avalon, said that Canaan Technology's sales this year are better than last year, and the first half of this year is better than the second half, and the sales plan has basically been completed. There is no reduction in production at present, but new chips are no longer produced for old models. In terms of product research and development, Chen Feng said that Canaan Technology has never stopped developing a new generation of mining machine chips since the launch of the world's first ACSI mining machine. The new A10 product will be launched in the first half of next year according to market changes.

When asked about the impact of the BCH hard fork, Chen Feng said, "The Canaan Technology core team has experienced this market situation many times. The mining industry has just entered a long river of history. Whether it is mining machines, Bitcoin, or the entire industry, they are still waiting to be updated and developed, and require deeper changes. Digital assets are still in the enlightenment stage, and there is still a long way to go. Just like when the Internet industry just emerged, the development and growth of an emerging industry takes time."

Regarding the issue of diversified development, Chen Feng said, "We are still focusing on the field of high-performance chip design. In addition to insisting on the research and development and iteration of mining machine chips, we started the research and development of artificial intelligence chips in 2015. We have also mass-produced the world's first RISC-V-based artificial intelligence edge computing chip, which will be widely used in smart homes, smart buildings, new retail and other fields."

Regarding the outlook for the market in 2019, Chen Feng said, "Many times, we enter a trough in order to fly higher in the future. So we will not predict what the market situation will be like in 2019, but we should restrain the mentality of getting rich overnight. Last year's bull market did create some people who got rich quickly, but after washing away the lead, the remaining ones are the participants who can truly contribute to the industry in the long run."

Chen Feng believes that "there is no need to over-interpret the situation in the mining industry and even the entire blockchain ecosystem within one or two years. Bitcoin and blockchain have attracted more and more attention, and a consensus has gradually been formed, that is, in the long run, blockchain will definitely change production relations and iterate human civilization. The current short-term market fluctuations are normal self-regulation, so as long as we persist in this industry and innovate in a timely manner while sticking to our main business, we will have the opportunity to grow bigger and stronger."