Released in June 2022, the iPollo V1 Classic ASIC miner is designed for cryptocurrency mining. In mining, iPollo V1 Classic generates approximately $0.99 per day before electricity costs. At an electricity price of $0.05 per kWh, the expected net profit is around $-0.49. The most profitable coin to mine on this hardware is Ethereum Classic (ETC) (Etchash) with a hashrate of 1550 Mh/s at 1240 W. Other coins include and , which can also be profitable depending on network conditions.