What is Bitcoin-Mining Machine Market Scope?
Bitcoin mining is performed using very sophisticated computers that solve extremely complex computational math problems, by which new bitcoins are entered into circulation. It is also used for the maintenance and development of the blockchain ledger. The main hardware required is a graphics processing unit or an application-specific integrated circuit in order to set up a mining rig.
The Bitcoin-Mining Machine market study is being classified, by Application (Enterprise and Personal) and major geographies with country level break-up.
Canaan Creative (China), Compass mining Inc. (United States), Bitmain (China), MicroBT (China), Ebang International Holdings Inc. (China), Halong Mining (China), Xilinx (United States), Mvidia Corporation (United States), Advanced Micro Devices Inc. (United States) and ASICminer Company (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Baikal Miner (China), Bitfury Group Ltd. (Netherland), Innosilicon Technology Ltd. (China), KnCMiner AB (Sweden), Biostar Group (Taiwan) and 500.com Limited (China).
Analyst at AMA have segmented the market study of Global Bitcoin-Mining Machine market by Type, Application and Region.
On the basis of geography, the market of Bitcoin-Mining Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In April 2021, 500.com Limited has entered into definitive agreements to purchase cryptocurrency mining machines, acquire a controlling stake in Loto Interactive Limited, and will acquire the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com.
In 2021, Marathon Patent Group secured a purchase agreement for the latest rigs which will reportedly receive 6,000 Antminer S-19J Pro rigs and an additional 4,000 in September 2021.
The mining of cryptocurrencies in various countries is illegal. Different countries have different regulatory frameworks for cryptocurrency operation. For, instance, in 2018, the European Supervisory Authorities for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) jointly issued a warning to consumers regarding virtual currencies, stating that they are “highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products.
- Growing Demand of Bitcoin Mining Hardware’s Due to Continuous Growth of Cryptocurrency Prices
- High Reward Offered by Crypto Currency Mining
- Expansion in the Operation by Current Miners Owing to Graters Profit Margin
- New Entrants in the Bitcoin Mining
- Rise in the Price of Mining Hardware Owing to High Demand
- Stringent Government Regulations across the Globe
- Lack of Professionalism and Training
Key Target Audience
Bitcoin-Mining Machine Manufacturers, Components and Accessories Suppliers, Chip Manufacturers, End-Use Industry and Others
Customization available in this Study:
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