Is Canaan Avalon 841 Worth the Price?

With a new miner getting launched every week, the competition among manufacturers is rapidly increasing. There’s no denying the fact that Bitmain dominated the ASIC market for more than a year. 

However, with the launch of miners like Canaan A9 miner and Avalon 841, many mining enthusiasts are shifting away from Bitmain. The reasons are pretty simple; these miners cost almost half of Bitmain’s products and provide similar functionality. However, are these miners as efficient as Bitmain’s flagship models like Antminer S9 or not?

In today’s blog post, we have shared an in-depth review of Canaan Avalon 841. The following points will help you understand whether the Avalon 841 is worth its price or not. So, without any further ado, let’s start with the review.

Hash Rate

The Avalon 841 produces an impressive hash rate of 14TH/s which is comparatively higher than many other miners. The miner manages to surpass the 12TH/s benchmark of Bitmain’s flagship, the Antminer S9. As far as the hash rate is concerned, the Avalon 841 definitely wins the battle against Antminer S9.

Price

As we mentioned earlier, the Canaan miners cost half of Antminer S9 which is a huge advantage for beginners who want to start with bitcoin mining without spending too much money. The miner comes with a price tag of $1,625. However, if you don’t have a PSU, you’ll have to purchase it separately as it is not included in the package. Though it is not one of the budget-friendly miners, the Canaan Avalon 841 is completely worth its price.           

Profitability

The Avalon 841 is not one of the profitable miners as it fails to return significant ROI. While the miner manages to make $870 in one year (as of current rates), the electricity charges to run the miner easily surpass the $1000 benchmark. It means if you continuously mine for a year, you’ll still be in a loss of $200+. However, since the cryptocurrency rates are highly unpredictable, there’s a huge probability for the miner to generate a decent amount of profit in the future.       

If you are also interested in buying Canaan Avalon 841, visit Coinminer, an online platform where you can find a wide range of mining hardware.