Miner Analysis: Canaan Canaan AvalonMiner 1047(37Th)

The Canaan Canaan AvalonMiner 1047(37Th) miner is a specialized ASIC mining device specifically designed and optimized for the SHA-256 algorithm and is primarily used to mine coins such as BTC. This device was released in 2019, and after roughly 7 years, it may lag behind newer generations in energy efficiency.

In terms of technical specs, Canaan Canaan AvalonMiner 1047(37Th) operates at a hashrate of 37.000000 Th/s and a power consumption of 2,380 watts reaching an energy efficiency of 64.32 joules per terahash (J/TH); given the high cost of electricity in many regions, this efficiency level should be factored into profitability calculations.

This device's noise level is around 70 decibels which is relatively loud for most home environments and is more suited to industrial mining farms or separate, soundproofed spaces. Current market status of this model: Old Gen.

This device's smart score is 30 out of 100; before buying, it is recommended to compare this device with other available options in the ASIC category in terms of energy efficiency and cost.