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FIG · Equipment

Canaan AvalonMiner 1047

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Is the AvalonMiner 1047 profitable?

The Canaan AvalonMiner 1047 mines Bitcoin on the SHA-256 algorithm at 37 TH/s, drawing 2,380 W (64.3 J/TH). At $0.08 per kWh it earns about $1.39 a day but spends $4.57 on power, so it loses $3.18 a day. It only makes money if your power costs less than about $0.024 per kWh.

That puts it #437 of 522 on daily profit across every miner we track, and #209 of 262 SHA-256 miners on efficiency. It isn’t in stock with us at the moment. It’s an air-cooled unit, released in September 2019.

Profit at different electricity prices

Same machine, same day, different power bill. Find the row closest to what you pay.

Power pricePower / dayProfit / dayProfit / month
$0.03$1.71-$0.32-$10
$0.05$2.86-$1.47-$44
$0.06$3.43-$2.04-$61
$0.08$4.57-$3.18-$95
$0.10$5.71-$4.32-$130
$0.12$6.85-$5.46-$164
$0.15$8.57-$7.18-$215

Figures updated 16:26 UTC, 25 September 2026, using today’s network difficulty and coin prices. Estimates, not financial advice.