Publicly traded ASIC mining equipment maker Canaan has announced the launch of a new liquid-cooled bitcoin miner called the Avalonminer A1066I. Canaan claims the new immersion cooler is noiseless and can overclock significantly, as the miner’s cooling system increases energy efficiency by 78%.
The China-based and Nasdaq-listed manufacturer of Bitcoin mining rigs, Canaan, has revealed a new Bitcoin miner with some interesting attributes. The new miner is called that Avalon Immersion Cooling Miner (A1066I) and its components are designed to operate while immersed in liquid coolant.
According to Canaan’s website stats, the submerged liquid-cooled Avalonminer A1066I processes Bitcoin and other SHA256 coins at around 50 terahash per second (TH / s). The latest Avalonminer also draws 3400 W from the wall and is said to deliver an energy efficiency of 64 joules per terahash (J / TH).
“The Immersion Cooling Miner (ICM) has an overclocking rate of up to 45%,” according to the Canaan website specification. “Only two hash boards are required for the single module, providing computational capabilities equivalent to three air-cooled hash boards. This offers customers significant cost-effectiveness per terabyte.”
According to Canaan’s specifications, the ICM can also run 90 mining module deployments at the same time. The company states that the ICM has seen an increase in energy efficiency of up to 78% compared to the company’s air / fan-cooled Avalonminer A1246 series.
The new ICM machine also offers a noiseless experience, as the technical data shows that the modules are operated in liquid coolant. Canaan believes that heat draw can improve a mining operation’s cooling costs, such as the cost of running large fans.
The Avalonminer A1066I component operation is submersible and also eliminates dust absorption. This is a worsening factor for powerful ASIC bitcoin miners. “These [system] helps to reduce electrostatic damage caused by internal micro-dust particles and thus to extend the service life of the machine ”, says the Canaan web portal.
Canaan is not the first mining manufacturer to develop a water-cooled Bitcoin mining device, but it is competing machines. For example, news.Bitcoin.com reported on Bitmain’s Antminer S9 Hydro this processes hash speeds at 18 trillion hashes per second (TH / s). Similarly, the S9’s water cooling system makes the ASIC rig quieter, eliminates dust particles, and is more energy efficient, according to the company. However, the 18TH / s Antminer S9 Hydro offers far less Terahash than most of today’s top miners.
As with all Avalonminers, the Canaan webshop does not display the Avalonminer A1066I price tag and interested customers must contact a Canaan consultant to find out the prices. 50 trillion hashes per second is roughly half the hash rate produced by some of the most powerful mining equipment on the market today. For example, Bitmain’s S19 Pro mining rig is the most profitable SHA256 miner at 110 TH / s. At around $ 0.12 per kilowatt per hour (kWh), the S19 Pro (110TH / s) earns over $ 19 per day.
The Canaan’s Avalonminer 1066 produces roughly the same power as the submerged hydro-cooled Avalonminer A1066I as it processes 50 TH / s and draws 3250W from the wall. At $ 0.12 per kWh and today BTC Mining difficulty, 50TH / s makes about 0.000095 BTC per day or around three US dollars at today’s exchange rates.
Second-hand ASIC stores sell the old Canaan air-cooled units at 50TH / s for $ 790- $ 899 per unit, so the latest underwater water-cooled Avalonminer is likely to be more expensive. Additionally, $ 0.12 per kWh for electricity is a high rate, and most profitable farms get electricity for $ 0.06 per kWh or much less.
What do you think of Canaan’s new liquid-cooled Bitcoin submersible? Let us know what you think on this matter in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Kanaan,
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