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Canaan Avalon 1047 (37 TH/s)
Outdated · Canaan · Air-cooled · SHA-256
The Canaan Avalon 1047 (37 TH/s) is a air-cooled SHA-256 bitcoin ASIC miner from Canaan released in Sep 2019. It runs at 37 TH/s while drawing 2,380 W, an efficiency of 64.32 J/TH. It is more than five years old and no longer competitive; the figures below are kept for reference.
More on this machine: Canaan Avalon 1047 price history · Canaan Avalon 1047 profitability history
Canaan Avalon 1047 profitability
As of Nov 2, 2026, hosted in Nigeria at 4.5¢/kWh with 73.6% uptime. Bitcoin $77,903.
| Period | Bitcoin mined | Revenue | Electricity | Profit |
|---|---|---|---|---|
| Daily | 0.000012 BTC | $0.90 | $1.99 | -$1.08 |
| Weekly | 0.000081 BTC | $6.33 | $13.90 | -$7.58 |
| Monthly | 0.000353 BTC | $27.51 | $60.43 | -$32.92 |
| Yearly | 0.004237 BTC | $330.05 | $725.04 | -$394.99 |
Electricity per bitcoin mined: $171,133.
Canaan Avalon 1047 price history
From $969 in Sep 2019 to $121 in Dec 2023 (-88%).
| Month | Price per unit | Price per TH |
|---|---|---|
| Sep 2019 | $969 | $26.20 |
| Oct 2019 | $888 | $24.01 |
| Nov 2019 | $838 | $22.66 |
| Dec 2019 | $908 | $24.55 |
| Jan 2020 | $678 | $18.33 |
| Feb 2020 | $641 | $17.33 |
| Mar 2020 | $589 | $15.91 |
| Apr 2020 | $670 | $18.11 |
| May 2020 | $618 | $16.70 |
| Jun 2020 | $745 | $20.13 |
| Jul 2020 | $709 | $19.16 |
| Aug 2020 | $655 | $17.70 |
| Sep 2020 | $731 | $19.75 |
| Oct 2020 | $879 | $23.77 |
| Nov 2020 | $1,521 | $41.12 |
| Dec 2020 | $2,057 | $55.59 |
| Jan 2021 | $2,484 | $67.14 |
| Feb 2021 | $3,299 | $89.17 |
| Mar 2021 | $3,524 | $95.23 |
| Apr 2021 | $2,334 | $63.08 |
| May 2021 | $1,655 | $44.72 |
| Jun 2021 | $1,833 | $49.54 |
| Jul 2021 | $2,438 | $65.89 |
| Aug 2021 | $2,418 | $65.35 |
| Sep 2021 | $2,529 | $68.34 |
| Oct 2021 | $2,790 | $75.41 |
| Nov 2021 | $2,816 | $76.10 |
| Dec 2021 | $2,175 | $58.79 |
| Jan 2022 | $2,174 | $58.77 |
| Feb 2022 | $1,850 | $49.99 |
| Mar 2022 | $1,697 | $45.87 |
| Apr 2022 | $1,366 | $36.92 |
| May 2022 | $862 | $23.29 |
| Jun 2022 | $773 | $20.90 |
| Jul 2022 | $744 | $20.10 |
| Aug 2022 | $739 | $19.98 |
| Sep 2022 | $614 | $16.60 |
| Oct 2022 | $438 | $11.83 |
| Nov 2022 | $373 | $10.09 |
| Dec 2022 | $336 | $9.09 |
| Jan 2023 | $354 | $9.57 |
| Feb 2023 | $330 | $8.93 |
| Mar 2023 | $325 | $8.78 |
| Apr 2023 | $338 | $9.13 |
| May 2023 | $297 | $8.02 |
| Jun 2023 | $305 | $8.25 |
| Jul 2023 | $300 | $8.12 |
| Aug 2023 | $193 | $5.22 |
| Sep 2023 | $166 | $4.49 |
| Oct 2023 | $158 | $4.28 |
| Nov 2023 | $128 | $3.45 |
| Dec 2023 | $121 | $3.26 |
Where to host the Canaan Avalon 1047
| Site | Cooling | Rate | Uptime | Cost per BTC | Profit per month | All-in per unit | Year 1 return |
|---|---|---|---|---|---|---|---|
| UAE | Immersion | 6.5¢ | 99.3% | $247,192 | -$81 | — | — |
| Nigeria | Air-cooled | 4.5¢ | 73.6% | $171,133 | -$33 | — | — |
| Argentina | Air-cooled | 6.5¢ | 98.7% | $247,192 | -$80 | — | — |
Canaan Avalon 1047 specifications
| Specification | Value |
|---|---|
| Manufacturer | Canaan |
| Model | Canaan Avalon 1047 |
| Release date | Sep 2019 |
| Algorithm | SHA-256 |
| Hashrate | 37 TH/s |
| Power consumption | 2380 W |
| Efficiency | 64.32 J/TH |
| Cooling | Air-cooled |
| Weight | 7.6 kg (approx.) |
Canaan Avalon 1047 FAQ
Can I buy the Canaan Avalon 1047?
The Canaan Avalon 1047 is outdated. Newer models make bitcoin far more cheaply.
Is the Canaan Avalon 1047 (37 TH/s) profitable?
As of Nov 2, 2026, hosted in Nigeria at 4.5¢/kWh, the Canaan Avalon 1047 (37 TH/s) is calculated to lose $1.08 daily, $32.92 monthly and $394.99 yearly after electricity, at a bitcoin price of $77,903. It always changes with bitcoin's price and network difficulty.
What does it cost to mine one bitcoin with the Canaan Avalon 1047?
Electricity to mine one bitcoin with the Canaan Avalon 1047 costs about $171,133 in Nigeria, and $247,192 in UAE and $247,192 in Argentina. Bitcoin trades at $77,903, so every coin it mines is made above the price of buying one.
What is the hashrate and power consumption of the Canaan Avalon 1047?
The Canaan Avalon 1047 produces 37 TH/s of SHA-256 hashrate and consumes 2,380 W, giving an efficiency of 64.32 J/TH.
What are the dimensions and weight of the Canaan Avalon 1047?
The Canaan Avalon 1047 measures about n/a and weighs around 7.6 kg.
Is the Canaan Avalon 1047 air-cooled or hydro-cooled?
The Canaan Avalon 1047 is air-cooled with fans. In the UAE we run air-cooled machines in immersion tanks instead, which keeps them cool in desert heat.
Where can the Canaan Avalon 1047 be hosted?
We can host the Canaan Avalon 1047 in UAE (6.5¢/kWh, 99.3% uptime, immersion), Nigeria (4.5¢/kWh, 73.6% uptime) and Argentina (6.5¢/kWh, 98.7% uptime). The bitcoin it mines goes straight to your own wallet.
How has the price of the Canaan Avalon 1047 changed?
The Canaan Avalon 1047 sold for $969 in Sep 2019 and $121 as of Dec 2023, down 88%. Over that time it ranged from $121 to $3,568.
When was the Canaan Avalon 1047 released?
Canaan announced the Canaan Avalon 1047 in Sep 2019.