Listed ASIC mining manufacturer Canaan has announced the launch of a new submerged liquid-cooled bitcoin miner, the Avalonminer A1066I. Canaan claims the new submersible-cooled miner is quiet and can significantly overclock as the miner’s cooling system increases energy efficiency by 78%.
The China-based and Nasdaq-listed bitcoin mining manufacturer, Canaan, has unveiled a new bitcoin miner with some interesting attributes. The new miner is called the Avalon Immersion Cooling Miner (A1066I) and its components are designed to operate while immersed in liquid refrigerant.
According to statistics from Canaan’s webpage, the submerged liquid-cooled Avalonminer A1066I processes bitcoin and other SHA256 coins at about 50 terahash per second (TH / s). The latest Avalonminer also pulls 3400W from the wall and claims to deliver an energy efficiency of 64 joules per terahash (J / TH).
“The Immersion Cooling Miner (ICM) has an overclocking ratio of up to 45%,” notes Canaan’s website. “The single module requires only two hash boards, providing computing capacity equivalent to three air-cooled hash boards, providing significant cost per terabyte savings for customers.”
Canaan specifications indicate that the ICM is also capable of running 90 mining module deployments simultaneously. The company indicates that compared to the company’s Avalonminer A1246 series, which is air / fan cooled, the ICM sees a 78% increase in energy efficiency.
The new ICM machine also provides a noiseless experience as the specifications show that the modules run in liquid refrigerant. Canaan believes that the heat reduction can improve a mining company’s cooling costs, such as the cost of running large fans.
Since the Avalonminer A1066I component can be submerged, dust absorption is also eliminated, which is a deterioration factor for high-performance ASIC bitcoin miners. “This [system] helps reduce electrostatic damage caused by internal micro-dust particles, extending the life of the machine, ”says Canaan’s web portal.
Canaan is not the first mining manufacturer to make a water-cooled bitcoin mining rig, but machines from the competition. For example news.Bitcoin.com reported on Bitmain’s Antminer S9 Hydro that processes hashrate rates at 18 trillion hashes per second (TH / s). Likewise, the S9’s water cooling system makes the ASIC setup less noise, eliminates dust particles, and is more energy efficient, according to the company. However, the 18TH / s Antminer S9 Hydro offers much less terahash than most of the current top miners.
Like all Avalonminers, Canaan’s web shop does not have the Avalonminer A1066I price tag, and interested customers should contact a Canaan consultant for pricing. 50 trillion hashes per second is about half the hashrate output produced by some of the best performing mining rigs on the market today. For example, Bitmain’s S19 Pro mining rig is the most profitable SHA256 miner at 110TH / s. At about $ 0.12 per kilowatt per hour (kWh), the S19 Pro (110TH / s) makes more than $ 19 per day.
Canaan’s Avalonminer 1066 produces about the same output as the submerged hydro-cooled Avalonminer A1066I, as it handles 50 TH / s and draws 3250W from the wall. For $ 0.12 per kWh and today BTC mining difficulty, 50TH / s is about 0.000095 BTC per day or about three dollars based on current exchange rates.
Second-hand ASIC stores sell the old 50TH / s air-cooled Canaan units for anywhere between $ 790 and $ 899 per unit, so the latest submerged hydro-cooled Avalonminer will likely be more expensive. Additionally, $ 0.12 per kWh for electricity is a high rate, and most profitable businesses get electricity for $ 0.06 per kWh or much less.
What do you think of Canaan’s new submerged liquid-cooled bitcoin miner? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Canaan,
Disclaimer: This article is for informational purposes only. It is not a direct offer or invitation to an offer to buy or sell, or a recommendation or endorsement of products, services, or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.