Canaan was the first company to produce commercial ASIC Bitcoin miners. Safe to say, they have some expertise in the field.
So how does their latest offering – the AvalonMiner 1246, released in January 2021 – stack up to the competition?
Let’s dive in.
Price and Power
The AvalonMiner 1246 puts out 90 TH/s. This makes it comparable to the AntMiner S19 and the WhatsMiner M30S.
Bitcoins / Month (Profitability)
The Canaan AvalonMiner 1246 should make you a profit, providing you have access to electricity at or around the median price in the U.S. of $0.12/kWh.
It’ll take you about two years of mining to make back your initial investment.
Power Supply and Consumption
The AvalonMiner 1246 draws 3420W at the wall.
Compared to the AvalonMiner 1146, the 1246’s energy efficiency has improved by 37%: from 52 J/TH to 38 J/TH.
It generates a maximum of 75 dB while operating, making it noticeably quieter than either the WhatsMiner M30S or the AntMiner S19.
The AvalonMiner 1246 operates best between -5 and 35 degrees Celsius (23-95 Fahrenheit). This is a wider range than the AntMiner S19 series, and equal to that of the WhatsMiner M30S.
Verdict: How Does the AvalonMiner 1246 Stack Up?
With Canaan, you know you’re getting a battle-tested product.
That said, the AvalonMiner 1246 doesn’t offer the most terahashes per dollar spent. If you’re looking for the most hashing power, Bitmain’s S19 series and MicroBT’s M30S have it beat.