Canaan Avalon Nano 3: Your Humble Heater for Home Mining

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In Q2-2024, Canaan Inc. (NASDAQ: CAN) launched the Avalon Nano 3, a compact and innovative device that redefines what a home Bitcoin miner can be. More than just a mining rig, the Nano 3 doubles as an energy-efficient space heater—making it a smart, dual-purpose addition to any household. Designed for beginners and hobbyists alike, this portable ASIC miner lowers the barrier to entry for Bitcoin mining while offering tangible secondary benefits.

With a hashrate of 4 TH/s and power consumption capped at 140W, the Avalon Nano 3 strikes a balance between performance, accessibility, and practical utility. Whether you're exploring decentralized finance, interested in hands-on crypto education, or simply looking for a clever way to offset heating costs, this device delivers.

The Evolution of Avalon Nano Miners

Canaan has long been a pioneer in accessible Bitcoin mining hardware. Over a decade ago, they introduced the original Avalon Nano, a single-chip USB-powered miner built for students, developers, and early crypto enthusiasts with limited resources. Equipped with the A3233 chip and delivering 3.6 GH/s, it outperformed most GPUs of its time and featured a unique USB drive-like design that doubled as a passive heatsink.

As demand grew, users began linking multiple units via USB hubs to scale their mining output—sparking innovation within Canaan’s product line. This grassroots experimentation led to the release of the Avalon Nano 2, which improved upon the original with a sturdier build and higher power delivery (over 5W), setting the stage for greater reliability and performance.

Now, ten years later, the Avalon Nano 3 marks a new era: combining lessons from the past with modern efficiency and usability.

Avalon Nano 3: Key Features & Specifications

The third-generation model is available in 23 countries and engineered for real-world usability. Here's what sets it apart:

Designed with home environments in mind, the Nano 3 runs efficiently without requiring dedicated cooling or complex infrastructure. Its compact size allows placement on desks, shelves, or under tables—ideal for small apartments or home offices.

👉 Discover how easy it is to start mining from home today.

How to Set Up Your Avalon Nano 3

Setting up the Avalon Nano 3 is straightforward—no technical expertise required. Follow these steps to begin mining Bitcoin in under 15 minutes:

  1. Power On
    Connect the included 140W USB-C power supply and plug in the device.
  2. Activate Setup Mode
    Press and hold the switch button for 3 seconds until the Wi-Fi hotspot activates.
  3. Connect to Device Network
    On your laptop or mobile device, connect to the default Wi-Fi network named like heater_nano_A4F4.

  4. Access Admin Panel
    Open a browser and navigate to 192.168.168.168. Log in using the default credentials:

    • Username: root
    • Password: root
  5. Configure Home Wi-Fi
    Enter your home network’s SSID and password. Once connected, the device will display a new IP address.
  6. Reconnect to Your Network
    Switch your device back to your regular Wi-Fi and revisit the new IP in your browser to log in again.

  7. Set Up Mining Pool
    The Avalon Nano 3 works seamlessly with Luxor, one of the most reliable Bitcoin mining pools. To configure:

    • Create a subaccount at Luxor (a QR code on the back of the device links directly to signup).
    • In the admin panel, go to Mining Pool Settings.

    • Input the following:

      • URL: stratum+tcp://btc.global.luxor.tech:700
      • Worker: YourSubaccount.WorkerName (no special characters)
      • Password: 123
  8. Save & Reboot
    Click “Save” to apply settings. The miner will restart and begin hashing.

Within 5–10 minutes, your hashrate should appear in your Luxor dashboard.

For quieter operation during nighttime or focused work hours, simply switch to low power mode through the interface.

Performance & Real-World Use Cases

Independent testing by mining experts has shown consistent performance across power modes:

One standout feature is its ability to generate usable warmth—up to 50°C exhaust temperature—making it perfect as supplemental heating in colder climates. During winter months, users can effectively offset heating costs while earning Bitcoin passively.

While not intended to compete with industrial-scale rigs, the Nano 3 shines as an educational tool and gateway into blockchain technology. It’s also ideal for those practicing energy-aware mining strategies in residential settings.

Mining Economics: Is It Worth It?

Let’s break down the numbers:

Assuming average electricity rates (~$0.12/kWh) and current network difficulty:

Though ROI is longer compared to large-scale operations, the dual functionality improves overall value. Consider it an investment in learning, sustainability, and incremental income.

Moreover, owning even a small piece of the Bitcoin network fosters financial literacy and decentralization—a core principle of cryptocurrency.

Frequently Asked Questions (FAQ)

Q: Can I use the Avalon Nano 3 without technical knowledge?
A: Absolutely. The setup is designed for beginners, with intuitive web-based controls and clear instructions.

Q: Does it require additional software or drivers?
A: No. Everything is managed through your browser—no downloads or installations needed.

Q: How hot does the device get? Is it safe indoors?
A: Surface temperatures remain safe for indoor use. The exhaust reaches about 50°C, similar to a space heater, but always ensure proper ventilation.

Q: Can I connect multiple units together?
A: Yes! Like its predecessors, you can operate several Nano 3 units simultaneously using powered USB hubs or separate outlets.

Q: What happens if Bitcoin mining becomes unprofitable?
A: Even if mining profits decline, the device still functions as an efficient heater—ensuring continued utility regardless of market conditions.

👉 Start your journey into decentralized energy and digital ownership now.

Final Thoughts

The Canaan Avalon Nano 3 isn’t just another mining gadget—it’s a statement about accessible technology and sustainable innovation. By merging Bitcoin mining with everyday utility, Canaan empowers individuals to participate in the network economy without excessive cost or complexity.

Whether you're a curious beginner, a tech-savvy experimenter, or someone seeking smarter ways to use household energy, the Nano 3 offers a compelling blend of form, function, and future-focused thinking.

And for those ready to take the next step beyond small-scale mining...

👉 Explore advanced tools and platforms to grow your crypto footprint securely.