Released in May 2024, the Canaan Avalon A1566 ASIC miner is designed for cryptocurrency mining. In mining, Canaan Avalon A1566 generates approximately $15.46 per day before electricity costs. At an electricity price of $0.05 per kWh, the expected net profit is around $11.36. The most profitable coin to mine on this hardware is Quai Sha (QUAI-SHA) (SHA-256) with a hashrate of 185 Th/s at 3420 W. Other coins include Digibyte (DGB-SHA) and Bitcoin SV (BSV), which can also be profitable depending on network conditions.