Avalon 841 Bitcoin Miners

Avalon 841 Bitcoin Miners – On Sale Ahead of Schedule Leaving Distributors Unprepared.

With the Avalon 841 Bitcoin Miners on sale right now the holiday season shopping comes early to Bitcoin miners – sort of.  The Avalon 841 has the best specs ever for a Canaan ASIC miner but nobody anywhere can buy Avalon 841 Bitcoin miners unless they buy 200 of them directly from Canaan.

It’s hard to tell if this is an oversight or an overt action on the part of Canaan to sell Avalon 841 Bitcoin miners only in bulk.  A visit to the Canaan website shows an option to buy 20 Avalon 841 Bitcoin miners for $41,000 which is reasonable for the larger Bitcoin miner until you try and add it to your cart.  That’s when you find out you need to order a quantity of TEN 20 Avalon 841 Bitcoin miners for your order to be accepted.  Let’s do some easy math; you need to plunk down $410,000 plus shipping to get 200 Avalon 841 Bitcoin miners.  Let’s not forget the power supplies (it looks like the EVGA SuperNOVA 1600 is best for the job) along with the 10 Avalon Miner controllers necessary to get these bad boys running.

Avalon 841 Bitcoin Miners

With not a single distributor offering the 841 for sale at all – let alone one or two or five – the small-time Bitcoin miner has to wonder if the days of Bitcoin mining are over for him or her.  The specs of the Avalon 841 are exactly as advertised earlier this year — nominal 13 TH/s at 1300 watts.  If you can swing the nearly $500,000 necessary for the minimum order plus shipping you’re getting a deal in terms of per-unit costs.

The fallback plan for the home miner will be buying an Avalon 821 for about $3,000 or a used 741 for about half that price.  More and more it’s looking like the math doesn’t work for small-time Bitcoin miners anymore.  The ROI of buying a 741 or an 821 is not that appealing.  On the other hand, if you can swing the money for buying 200 Avalon 841 miners with the requisite accessories you can make a ton of money.


Bitcoin Miner Pricing Puzzle

Bitcoin Miner Pricing Puzzle – Bitmain’s Antminer S9 Goes Down in Price as Canaan’s Avalon Miners Go Up.  What’s Going On?

The Bitcoin miner pricing puzzle is getting harder and harder to solve.  Two months ago The Antminer S9 had a “street price” of $5,000 (rated at 14 TH/s) compared to the Avalon 741 (7.1 TH/s) which could be purchased for $799.  Dollar for dollar, the Avalon miner was by far the better deal.  Fast forward to present day and Bitcoin miner pricing has gone sideways.

Canaan’s ASIC Bitcoin miners were always known to be of high quality with respectable performance at fair prices.  The fair prices thing has gone out the window with the Avalon 821 which cannot be purchased for less than $2899 despite a performance increase of roughly 35%  So why is the price more than three times higher when the performance increase itself is not hardly in step with the price increase? The Bitcoin miner pricing puzzle thickens.

By comparison, Bitmain’s flagship product can now be purchased after-retail for nearly half of what they were going for back in December.  Part of the reason for the radical change in pricing can be learned in this CNBC article on Bitmain operations.  It seems Canaan has taken a similar approach to pricing judging from what they said when the 821 and 841 were first announced; they would be pricing their new miners in step with the Bitcoin market.

That makes the Bitcoin miner pricing puzzle more complicated — since Bitcoin is well off it’s December high why are Avalon miners nearly the same price as Bitmain miners today? The Avalon 741 was seen as the next best option — balancing price and performance — compared to the Antminer S9.  I talked about this extensively in an earlier article.  With the Avalon 821 at about the same price as the Antminer S9 — with lower output — I predict Canaan will lower pricing to be in step with prevailing market conditions.

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