Canaan AvalonMiner 1047 profitability | ASIC Miner Value

Avalon mining 1047 introduction

Canaan AvalonMiner 1047 is using the SHA 256 algorithm as it is a Bitcoin miner. It comes with a maximum hash rate of 37 Th/s with a power consumption of 2380W. The top coin to mine is Bitcoin, while DigiByte and Mining Rig Rentals are the most profitable coins.

What is shocking about most Canaan Avalon Miners is that they are not ASIC supported. And this means you can’t monitor the performance of the miner while away. This particular miner was released in September 2019.

Analysis and Features of Canaan AvalonMiner 1047

As Bitcoin is a valuable asset, the manufacturer recommends that users pre-order the unit. Most shops have this miner but in limited numbers. It goes to show how well the mining community has received the miner.

The miner uses the Ethernet interface and favors other highly profitable coins. These coins include Acoin, Curecoin, Joulecoin, Terracoin, and others. All these coins fall under the SHA-256 algorithm.

To get a claim to this piece of mining experience, you can also join reputable mining pools. These mining pools include AntPool, NiceHash, Poolin, SlushPool, and ViaBTC. Interested buyers can buy directly from the manufacturer. You can also buy the unit from leading stores and vendors.

Algorythm of the A1047

The miner is using the SHA-256 algorithm, which is fast and incredibly safe. Leaders in the Crypto world approve of this algorithm as it doesn’t have any known vulnerabilities. And this assures miners of their safety while mining under the network.

The algorithm is also best fitted with secure code, and it can’t be reversed. Miners will note that the algorithm quickly solves Bitcoin puzzles than other known algorithms.

Dimensions of the AvalonMiner 1047

It comes in a size of 190*190*292mm and weighs 7600g. It has a small top rectangular box that sits on the larger mining unit. Once you look at it, you notice that it won’t take much space.

And this is another advantage of using this miner. It is a good fit for home mining as well as in an industrial setting. The dimensions and setup process allows for easy integration within any given parameters.

Efficiency of the A1047

0.064j/Gh is the efficiency rate that comes with this miner. Most will conclude that this is a low efficiency compared to other Bitcoin miners. The reason for this low efficiency is the dimension and chip’s ability to perform.

One of the flaws with this miner is having high power consumption. Most miners will be scared to buy the miner due to the maximum power draining of 2380W.

Hash Rate of the Canaan AvalonMiner 1047

The miner compensates for high power consumption by giving a high hash rate. It has a hash rate of 37 Th/s, one of the biggest in the Canaan Bitcoin miner volt. A higher hash rate ensures faster mining and the safety of users.

More blocks are being mined thanks to the high hash rate. It’s able to solve the block reward faster than most miners. Miners receive newly minted Bitcoin in a shorter period of time.

Humidity and Temperature Details

There’s a cap issued when it comes to humidity and temperature parameters. The recommended manufacturer settings help prolong the life of the miner and protect users. 5 percent is the minimum accepted humidity for use.

90 Percent is the maximum humidity allowed when using the A1047. For temperature, the minimum is minus 5 degrees centigrade, while the maximum is 35 degrees centigrade. You get a 12038 fan, which are two fans that help with cooling.

The Profitability of the Canaan AvalonMiner 1047

As long as the market favors Bitcoin’s mining, rest assured you will get a profitable outcome. Ensure you know your electricity rates as this miner offers higher power consumption. Energy levels also affect the profitability of miners.

Warranty of the A1047

There’s a six-month warranty offered by the manufacturer that covers the initial buyer.

Avalon mining 1047 Specifications: