Cryptocurrency Mining Equipment Market- Future Scope, Demand & Industry Analysis

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.

For In Depth Information Get Sample Copy Of This Report @https://www.coherentmarketinsights.com/insight/request-sample/1411

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. 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.

Asia Pacific cryptocurrency mining equipment market contributed largest industry share in the industry and it is expected to continue dominance over the forecast period. The region has a large concentration of players, owing economies of scale, specifically in China. However, unfavorable regulatory developments in China, leading to ban of cryptocurrency exchanges is expected to hamper the regional growth of the market.

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

Major players in the global cryptocurrency mining equipment market are:
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.

Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

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.

This release was published on openPR.