Canaan Avalonminer 741: Quality ASIC Miner For Bitcoin Mining?
If you are starting out in the mining business of cryptocurrencies and you have little capital to start, consider purchasing the AvlonMiner 741, worth less than $800. It may serve you well especially as it is easy to use, affordable, and uses minimal energy power. This miner has a 7.3 TH/sec processing power and can be used for Bitcoin mining both at home and on a large scale.
Canaan Creative, the manufacturer of AvlonMiner 741, had been very popular for marketing specialized hardware that was used for Bitcoin mining. However, the firm faced some financial problems, and it had to stop its operations in 2015. This left most of the miners with no other company other than Bitman to buy mining products from for the better part of 2015 and 2016. However, a Chinese manufacturing company later bought Canaan Creative. The firm started its operations of designing and commercializing equipment that is used for the mining of Bitcoins.
What Is The AvlonMiner 741?
The AvlonMiner 741 has a dimension of 40*21*22 cm weighing 4.8kg/unit. This means it is light in weight and it is ideal for Bitcoin mining at home. The model has 88 chips of 16nm each adding a processing power of 7.3 TH/sec and energy consumption of 1150 watts. Its launch price was $ 818. Todays, it comes at a lower price from the manufacturer. The model also comes with a 90 days warranty from the time the user gets the miner.
The miner has AvlonMiner Controller that allows the user to connect up to 4 converters AUC3. From the converter, one can connect up to 5 AvlonMiner 741c equipment. In total, 20 miners can be configured using the controller and the USB converters to make a combined total processing power of 146 TH/sec. You will need to buy the driver separately which is needed for the operation of the AvlonMiner 741. You will need to buy a power supply of at least 1300W to use the AvlonMiner 741 efficiently.
The AvalonMiner has an airforming cooling technology that allows it to dissipate heat more efficiently. This feature comes in handy for a miner that functions all the time. The miner also produces minimal noise levels between 50 and 60 Db.
The miner is profitable as the average processing power of this miner is 7.3 YTh/s. It can generate 0.00308 BTC daily, and with the current rate of Bitcoin, you will get good profits especially if you are in a location where the cost of electricity tends to zero. The equipment can return your investment in about five months.
However, in places where electricity might represent a significant cost, the AvlonMiner can give you a return on its investment in about eight months. This is not an unreasonable duration considering that the digital currency was one of the riskiest investment and now it is a shelter of value.
The AvalonMiner 741 is a worthy competitor of the Bitmain mining equipment that is present in the crypto mining market. It is affordable, profitable, and easy to use. If you are seeking for a miner for your domestic or commercial use, consider buying the AvlonMiner 741.