Released in May 2024, the Canaan Avalon A1566 ASIC miner is designed for cryptocurrency mining. In mining, Canaan Avalon A1566 generates approximately $6.04 per day before electricity costs. At an electricity price of $0.05 per kWh, the expected net profit is around $1.93. The most profitable coin to mine on this hardware is Digibyte (DGB-SHA) (SHA-256) with a hashrate of 185 Th/s at 3420 W. Other coins include Bitcoin SV (BSV) and eCash (XEC), which can also be profitable depending on network conditions.