Press release
Cryptocurrency Mining Market Poised to Garner Maximum Revenues During 2018 – 2025
Cryptocurrency Mining Market
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Market Dynamics
Cryptocurrency mining activity could be performed from any regular system integrated with high processing capabilities. However, over the years, the industry has become highly capital intensive, in turn requiring the utilization of custom hardware solutions to perform economically viable operations. Growing difficulty level of these ledgers and increasing requirement of hashing power and electricity is expected to be among the major factors influencing the development of cryptocurrency mining. Growing market capitalization coupled with increasing scope of Alt coins in various applications is anticipated to be major factors influencing growth of the cryptocurrency mining market. However, declining probability of finding new blocks and requirement to provide higher transaction fees to support these operations are expected to among the major factors negatively impacting growth of the cryptocurrency mining market over the forecast period.
Emergence of digital currencies such as Bitcoin, Ethereum, and Bitcoin Cash has led to huge investments by companies and this is expected to aid in substantial growth of the market in the near future
As of December 12, 2017, the total market capital for 1,325 different digital assets was valued at over US$ 350 billion. Increasing adoption of cryptocurrency and total market capital in these digital assets to gain long term profits has led significant increase in mining activities. Moreover, increasing complications in finding new blocks of most popular cryptocurrencies that includes the Bitcoin has led to increased requirement for advanced hashing power, increase in power consumption, and requirement of specific weather conditions to maintain its operability over long durations. These factors in turn have led to significant investments in mining to gain high ROI (within 20 months) and additional income over the life cycle of the systems. Moreover, offerings that include remote hosting and cloud services have enhanced the user access to low cost solutions and favorable environment for these operations. These factors are expected to aid in substantial growth of the cryptocurrency mining market over the forecast period.
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Key Vendors of Cryptocurrency Mining Market: AntPool, BTC.com, ViaBTC, BTC Top, SlushPool, F2Pool, Hashflare, Genesis Mining, Hashing 24, and Ebot.
Detailed Segmentation:
Global Cryptocurrency Mining Market, By Mining Enterprises:
Large Miners
Small Miners
Global Cryptocurrency Mining Market, By Revenue Source:
Transaction Fees
Block Rewards
Global Cryptocurrency Mining Market, By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Global Cryptocurrency Mining Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Company Profiles
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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