Released in December 2020, the Canaan Avalonminer 1026 ASIC miner is designed for cryptocurrency mining. In mining, Canaan Avalonminer 1026 generates approximately $1.12 per day before electricity costs. At an electricity price of $0.05 per kWh, the expected net profit is around $-1.36. The most profitable coin to mine on this hardware is Quai Sha (QUAI-SHA) (SHA-256) with a hashrate of 30 Th/s at 2070 W. Other coins include Bitcoin SV (BSV) and Bitcoin (BTC), which can also be profitable depending on network conditions.