openPR Logo
Press release

Cryptocurrency Mining Equipment Market: Business Opportunities, Current Trends,Challenges in 2025

04-05-2019 02:26 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Cryptocurrency Mining Equipment Market

Cryptocurrency Mining Equipment Market

Our study includes organizations that deal with cryptocurrency mining, specifically it’s about the equipment used for cryptocurrency mining. Increasing popularity of cryptocurrencies and its mining along with high rewards it offers on successful mining of blocks are expected to be among the prominent factors fueling growth of cryptocurrency mining equipment market.

Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1411

Market Dynamics

The trend of digital currencies in the form of cryptocurrencies is gaining traction, owing to which multiple mining methods are being developed to mine complex and optimum number of blocks. The hardware required for cryptocurrency mining range from the domestic devices such as PCs, smartphones and tablets to the highly sophisticated equipment such as Graphics Processing Units (GPUs), Application Specific Integrated Circuits (ASICs) and Field Programmable Gate Arrays (FPGAs).

Global Cryptocurrency Mining Equipment Market - Insights

Cryptocurrency mining functions on the principle of blockchain technology, wherein mining involves assembling transactions into blocks and executing multiple computations, in order to seal those blocks. These functions are based on distributed computing principle and require other systems to verify the transaction and in turn are rewarded with transaction fees and new block.

Development of ASICs and GPUs with hashing power ranging from few GHs to Th/s is expected to present strong growth prospects over the forecast period

In April 2017, Russian Miner Coin launched the new pantec miner with power consumption of 600 W and power connection of 220 V. In April 2017, Zhejiang Ebang Communication Co., Ltd introduced E10 18T Miner integrated with Samsung 10nm Chips for bitcoin mining. These 10nm DW1228 chips manufactured by Samsung find significant applications in boosting E10 hashrate featuring speeds upto 18TH/s. Other major companies that include Advanced Micro Devices, Inc., NVIDIA graphics Pvt. Ltd. and Bitmain Technologies Ltd. are also involved in the development of GPUs and ASICs with higher power efficiency and faster hash rates for providing the miner with higher probability of finding new blocks and garner increased profit margins. In conjunction with these factors, growing difficulty levels of the altcoin mining will present strong growth prospects for the cryptocurrency mining equipment market over the forecast period.
Global Key Players:

Major players in the global cryptocurrency mining equipment market include Advanced Micro Devices, Inc., Russian Miner Coin, Halong Mining, Zhejiang Ebang Communication Co., Ltd, NVIDIA Graphics Pvt. Ltd., Bitmain Technologies Ltd, SBI Group, Bitfury, TSMC, Canaan Creative Co. Ltd, Global Foundries, and United Microelectronics Corporation. Market is highly consolidated with top 5 companies contributing over 60% of the overall industry share in 2016. According to Coherent Market Insights analysis, market is expected to open, following the entry of new players in the industry space.

Detailed Segmentation:

Global Cryptocurrency Mining Equipment Market, By Equipment:
◦ Graphics Processing Units (GPUs)
◦ Field Programmable Gate Arrays (FPGAs)
◦ Application Specific Integrated Circuits (ASICs)
◦ PCs or Other Consumer electronics

Global Cryptocurrency Mining Equipment Market, By Mining Type:
◦ Self-Mining
◦ Cloud Mining Services
◦ Remote Hosting Services

Table of Contents
1. Research Objective and Assumption
2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

4. Global Cryptocurrency Mining Equipment Market, By Equipment, 2015 –2025  (US$ Million)

5. Global Cryptocurrency Mining Equipment Market, By Mining Type, 2015–2025  (US$ Million)

6. Global Cryptocurrency Mining Equipment Market, By Regions, 2015–2025 (US$ Million)

Ask For Discount Before Purchasing This Business Report @ https://www.coherentmarketinsights.com/insight/request-discount/1411

About Coherent Market Insights:

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.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cryptocurrency Mining Equipment Market: Business Opportunities, Current Trends,Challenges in 2025 here

News-ID: 1690835 • Views:

More Releases from Coherent Market Insights

Visual Arts Therapy Market Set to Experience Significant Growth by 2031 | American Art Therapy Association, Art Therapy Without Borders, Art With Impact
Visual Arts Therapy Market Set to Experience Significant Growth by 2031 | Americ …
A new study titled Visual Arts Therapy Market 2024, published by the Coherent Market Insights, offers information on regional and global markets that is expected to increase in value between 2024 and 2031. The extensive research offers important visions into the market's shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a whole analysis of the controls and restraints for the
Respiratory Tract Infection Treatment Market 2024 Current Trends, Growth Factors, Development and Forecast 2031 | Abbott Laboratories, AstraZeneca, Plc, Abbvie Inc.
Respiratory Tract Infection Treatment Market 2024 Current Trends, Growth Factors …
A new study titled Respiratory Tract Infection Treatment Market 2024, published by the Coherent Market Insights, offers information on regional and global markets that is expected to increase in value between 2024 and 2031. The extensive research offers important visions into the market's shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a whole analysis of the controls and restraints for
Precision Diagnostics Market Will Generate High Revenue Growth, Business Strategies, Current Insights by 2031 | SomaLogic, Ezra, Egnite, PrecisionLife
Precision Diagnostics Market Will Generate High Revenue Growth, Business Strateg …
A new study titled Precision Diagnostics Market 2024, published by the Coherent Market Insights, offers information on regional and global markets that is expected to increase in value between 2024 and 2031. The extensive research offers important visions into the market's shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a whole analysis of the controls and restraints for the worldwide
Acrylic Teeth Market Will Reflect Significant Growth Prospects during 2024 - 2031 | Dentsply Sirona, Wiedent, Jaypee Dent, MAKEVALE
Acrylic Teeth Market Will Reflect Significant Growth Prospects during 2024 - 203 …
A new study titled Acrylic Teeth Market 2024, published by the Coherent Market Insights, offers information on regional and global markets that is expected to increase in value between 2024 and 2031. The extensive research offers important visions into the market's shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a whole analysis of the controls and restraints for the worldwide

All 5 Releases


More Releases for Mining

Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining. Surface
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally. Summary GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe. Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due
Mining Equipment Market Research|2018-2023| Surface Mining Machinery, Undergroun …
Mining Equipment Market report provides current, accurate, and reliable statistics of the Mining Equipment market with an in-depth analysis by industry experts along with projections to 2023 that will help you decide different strategies to boost your sales, decrease the operations cost etc. Mining equipment is used to extract various minable resources such as metals, coal, and minerals from the earth. Mining companies use mining equipment to extract mined products such