Canaan AvalonMiner 1047 Profitability Review – Miner Land

Canaan AvalonMiner 1047 is a bitcoin miner that also mines over 40 profitable coins. Canaan is a leading provider of supercomputing solutions characterized by superior cost efficiency and performance. By pushing the limits of today’s computing hardware, Canaan strives to advance the world we live in by driving transformative technologies. In this article, we will review Canaan AvalonMiner 1047 Profitability.

Canaan is known for inventing the world’s first ASIC-powered bitcoin-mining machine in 2013, which radically accelerated the growth of a computationally advanced bitcoin mining sector.

Canaan was developed through academic research, and deep semiconductor design expertise and is supported by a robust network of strategic partners. The Canaan continues to expand its line of advanced hardware offerings and explore possibilities in some of the world’s most exciting new technologies.

About Avalon

The Avalon project produces ASIC miners. The project started in late 2012 with a BitcoinTalk thread.

The Avalon project has three different ASICs named A3256, A3255, A3233, and two types of Bitcoin transaction machines; Avalon1 and Avalon2. At the moment, the people of the Avalon project are working very hard on machines of the third generation; Named Avalon3. It is 2U in size and uses the latest 40nm ASIC (7GHS/chip, 0.7watt/G).

After the Avalon project started for a year, Yifu Guo left the Avalon project. Canaan Creative (founded by Ngzhang) was fully responsible for the project in 2014 and (the online store that accepts bitcoin) was part of Canaan Creative.

Canaan AvalonMiner 1047 Profitability review

This ASIC miner offered at Sesterce mining is a piece of SHA-256 mining equipment manufactured by Canaan.

The Canaan AvalonMiner 1047 generates a maximum hash rate of 37 TH/s with a total power of 2380 W. Sesterce hosts this miner for interested users.

For delivery, customs clearance, installation, overheating, maintenance, etc., sesterce offers mining equipment users professional maintenance in their data centers.

Immediately after the miner is installed in sesterce’s data center, it is connected to a pool and starts generating income that is credited to the user’s account daily. The miner’s hash rate is delivered to the user’s account within 24 hours of installation.

The Canaan AvalonMiner 1047 costs $960 from Sesterce and includes the power supply. It can be bought with Paylib or Coinbase using these currencies – €, $, £, Ethereum, Bitcoin, Bitcoin Cash, Litecoin, and Ripple.

Canaan AvalonMiner 1047 Profitability: Technical specifications:

Model Name AvalonMiner 1047
Hashrate 37TH/s, 0%~+3%
Power Efficiency 62.5J/T, -5%~+5%@25℃
64.5J/T, -5%~+5%@35℃
Power Consumption 2380W, -5%~+8%
Power Supply AC Input 185~280V AC 50~60Hz 12A (Max)
Chips 240 x A3205 16nm ASIC
Smart Controller Canaan Kendryte K210 Artificial Intelligence SOC
Connection RJ45 Ethernet 10/100M, Daisy-Chain Connection
Air-intake Temperature -5℃~+35℃
Cooling 2 x 12038 FAN
Noise 70dB(Typical)
Operation Humidity 5%~90% Non-Condensing
Cubic Feet Per Minute 250CFM
Net Weight 7.6kg
Net Dimensions 190mm x 190mm x 292mm

Canaan AvalonMiner 1047 uses the SHA-256 hashing algorithm. It is one of the safest mining algorithms. There are no known vulnerabilities related to this algorithm. Over time, the Canaan AvalonMiner comes out of the gates with impressive products. The manufacturer is thus competing with other competitors. And this is a welcome situation for all Crypto lovers.

AvalonMiner 1047 has a maximum hash rate of 37 TH/s and power consumption of 2920 W. The miner has a sound level of 65 decibels, making it a perfect device for home mining. You can also use it for large-scale mining because the noise is environmentally friendly.

The Canaan AvalonMiner 1047 Profitability

It comes with a win rate of -12 percent; that’s according to today’s market data. An annual return of -26 percent is also expected for this device.

Calculation Parameters
Power Consumption (Watts) 2380 W
Electricity Cost (per KWh) $0.1
Coin Bitcoin
Manufacturer Canaan
Hashrate 37.0000000000 TH/s
Algorithm SHA-256
Payback Never
Duration Never
Estimated Power Cost
Daily Power Cost $5.71
Weekly Power Cost $39.97
Monthly Power Cost $171.30
Annual Power Cost $2,084.15
Estimated Revenue W/O Cost
Daily Revenue $3.40
Weekly Revenue $23.80
Monthly Revenue $102.00
Annual Revenue $1,241.00
Estimated Profit After Cost
Daily Profit $-2.31
Weekly Profit $-16.17
Monthly Profit $-69.30
Annual Profit $-843.15

Why Bitcoin cloud mining?

An unknown individual or group called Satoshi Nakamoto introduced the Bitcoin network in 2009. In 2021, there will be more than 10,000 different projects in cryptocurrencies. So each of them has its role in building the future of money.

The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion less than three months later. So it shows that this market is one of the growing markets favoring its investors.

The Minerland Bitcoin Cloud Mining is a cloud miner website. It will join a pool and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool. It will happen based on hash power. Also, the cloud mining platform allows you to mine your BTC. You can do it without installing any hardware and at no extra cost. So Minerland is the best crypto cloud mining service to earn Bitcoin. It helps you invest in Bitcoin easily and with low risk. For more information about us, you can follow Minerland’s Instagram account.