Released in June 2022, the iPollo V1 ASIC miner is designed for cryptocurrency mining. In mining, iPollo V1 generates approximately $6.54 per day before electricity costs. At an electricity price of $0.05 per kWh, the expected net profit is around $2.82. The most profitable coin to mine on this hardware is Ethereum POW (ETHW) (Ethash) with a hashrate of 3600 Mh/s at 3100 W. Other coins include Ethereum Classic (ETC) and OctaSpace (OCTA), which can also be profitable depending on network conditions.