Avalon 1047

Avalon 1047 is a popular and relatively budget-friendly ASIC known for its practicality and affordability. It is often chosen by beginners due to its low price point, making it a good option to learn and mine tokens. It is important to ensure that all profits or even more are not consumed by electricity costs or rent, as tariffs are individually set everywhere.

You can approximately calculate the profit, expenses, and payback period using the profitability calculator for the Avalon 1047. It operates online, with a ready-to-fill form that performs calculations to estimate the minimum and maximum potential daily, weekly, monthly, or even yearly earnings.

Avalon 1047 Specifications

To determine whether the equipment is worth the investment, it is best to compare the payback period of the Canaan Avalon 1047 ASIC with other models. On average, this equipment generates a few dollars per day (depending on the current coin exchange rate). When comparing it with options such as Avalon Miner 1056 46 or Avalon Miner A1166pro 72, this equipment starts generating profits approximately a couple of months earlier because its daily earnings are higher, regardless of the specific digital currency chosen for mining.

Regarding the payback period of the Avalon 1047, simply examine the current price of the ASIC, divide it by the daily profit, and it will indicate how long it will take for the user to break even and start making a profit. Since the market is not stable and prices regularly fluctuate, it is better to consult the calculator to estimate approximate timelines for a given period.

Technical parameters of the Avalon 1047:

The proposed budget-friendly Avalon 1047 ASIC is suitable for mining popular digital coins such as Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC). One can choose any of these options or mine all of them simultaneously, although the speed and energy efficiency will be reduced. It is better to focus on a specific cryptocurrency to maximize profitability.

The manufacturer has included two fans to ensure effective and timely cooling. There is no additional need to increase the number of fans or install room air conditioning systems.

Profitability of the Avalon 1047

You can calculate the mining profit of the Avalon 1047 ASIC online, which is very convenient. It is also important to include electricity expenses in the calculations, to accurately determine the overall costs and the expected payback period for the mining equipment.

Avalon 1047 Calculator

There is no longer a need to perform complex calculations using intricate formulas manually. Simply open the online calculator, select the Avalon 1047 ASIC model, choose the currency, specify the calculation period, and provide the current electricity price. The system will quickly show the average profitability on the screen.

Power Consumption of the Avalon 1047

This model consumes an average of 2380 Watts per hour. Similar miners from other manufacturers typically consume 3000 W or more. Therefore, the Avalon 1047 is an energy-efficient option for mining cryptocurrencies while also saving on electricity costs. The Avalon 1047 profitability calculator will estimate the monthly electricity expenses associated with mining.