Cryptocurrency mining, also known as cryptomining, verifies transactions for various forms of cryptocurrencies and adds them to the blockchain digital ledger. Cryptocurrency mining equipment. Some of the equipment used in Cryptocurrency mining include power supply, cooling fans, and backup generators. Antminer S9, S7, S5, Antminer R4, SP20, and Avalon6 are some of the widely used miners.
Increasing demand for mineable cryptocurrencies is expected to boost growth of the global cryptocurrency mining equipment market. For instance, according to CoinMarketCap, as of March 2018, total market capital of all the mineable and non-mineable cryptocurrencies was pegged at US$ 296.03 billion, up from US$ 22.62 billion in March 2017. Moreover, increasing use of cryptocurrencies is also expected to aid in growth of the market. For instance, in 2018, more than US$ 3.2 trillion worth of Bitcoin payments were processed on the public blockchain network.
High market capital of cryptocurrencies is expected to propel growth of the global cryptocurrency mining equipment market. For instance, Bitcoin was valued at US$ 5,500 in 2018 and the value reached to over US$ 8000 in 2019. Moreover, increasing installation of new Bitcoin mining machines is also expected to aid in growth of the market. For instance, in January 2020, Canada-based DMG Blockchain Solutions installed 1,000 new Bitcoin mining machines at its Christina Lake mining-as-a-service facility in British Columbia.
However, increasing concerns regarding impact of cryptocurrencies on global warming is expected to hinder growth of the global cryptocurrency mining equipment market to some extent. This is owing to high power consumption for miming devices and equipment for mining cryptocurrencies.
Improving graphics processing units (GPUs) performance is expected to offer lucrative growth opportunities for players in the global cryptocurrency mining equipment market. For instance, in December 2019, researchers from Southern Illinois University, reported development of a power efficient methodology to allocate streaming multiprocessors for concurrent executing applications on a GPU and recorded a 25% improvement in performance using the proposed methodology.
Key players in the market are focused on product launch to expand their product portfolio. For instance, in April 2019, Bitmain Technologies Ltd. launched the new Antminer T17, the single mode miner from the Antminer 17 series.
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).
Key features of the study:
• This report provides in-depth analysis of cryptocurrency mining equipment, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global cryptocurrency mining equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, cryptocurrency mining equipment market capital, key developments, strategies, and future plans
• Companies covered as part of this study 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 UMC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
• The global cryptocurrency mining equipment market report caters to various stakeholders in this industry including investors, manufacturers, new entrants, large and small scale miners and financial analysts
• Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global cryptocurrency mining equipment market
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
Global Cryptocurrency Mining Equipment Market, By Geography:
North America
By Equipment:
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
By Mining Type:
Self-Mining
Cloud Mining Services
Remote Hosting Services
By Country:
U.S.
Canada
Europe
By Equipment:
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
By Mining Type:
Self-Mining
Cloud Mining Services
Remote Hosting Services
By Country:
Iceland
Czech Republic
Georgia
Poland
Sweden
Rest of Europe
Asia Pacific
By Equipment:
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
By Mining Type:
Self-Mining
Cloud Mining Services
Remote Hosting Services
By Country:
China
Hong Kong
Japan
Rest of Asia Pacific
Latin America
By Equipment:
Graphics Processing Units (GPUs)
Field Programmable Gate Arrays (FPGAs)
Application Specific Integrated Circuits (ASICs)
By Mining Type:
Self-Mining
Cloud Mining Services
Remote Hosting Services
By Country:
Venezuela
Rest of Latin America
Company Profiles
Advanced Micro Devices, Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
- 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
- UMC
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
1. Research Objective and Assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
? Market Definition and Scope
o Executive Summary
? Market Snippet, By Equipment
? Market Snippet, By Mining Type
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
? Drivers
? Restraints
? Market Opportunities
? Regulatory Scenario
? Industry Trend
? Merger and Acquisitions
? New system Launch/Approvals
? Value Chain Analysis
? Porter's Analysis
? PEST Analysis
4. Global Cryptocurrency Mining Equipment Market, By Equipment, 2015 -2025 (US$ Million)
o Introduction
? Market Share Analysis, 2015 and 2025 (%)
? Segment Trends
o Graphical Processing Units (GPUs)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Field Programmable Gate Arrays (FPGAs)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Application Specific Integrated Circuits (ASICs)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
5. Global Cryptocurrency Mining Equipment Market, By Mining Type, 2015-2025 (US$ Million)
o Introduction
? Market Share Analysis, 2015 and 2025 (%)
? Segment Trends
o Self-Mining
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Cloud Mining Services
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Remote Hosting Services
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
6. Global Cryptocurrency Mining Equipment Market, By Regions, 2015-2025 (US$ Million)
o Introduction
? Market Share Analysis, By Region, 2015 and 2025 (%)
o North America
? Regional Trends
? Market Size and Forecast, By Equipment, 2015-2025 (US$ Million)
? Market Size and Forecast, By Mining Type, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? U.S.
? Canada
o Europe
? Regional Trends
? Market Size and Forecast, By Equipment, 2015-2025 (US$ Million)
? Market Size and Forecast, By Mining Type, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? Iceland
? Czech Republic
? Georgia
? Poland
? Sweden
? Rest of Europe
o Asia Pacific
? Regional Trends
? Market Size and Forecast, By Equipment, 2015-2025 (US$ Million)
? Market Size and Forecast, By Mining Type, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? China
? Hong Kong
? Japan
? Rest of Asia Pacific
o Latin America
? Regional Trends
? Market Size and Forecast, By Equipment, 2015-2025 (US$ Million)
? Market Size and Forecast, By Mining Type, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? Venezuela
? Rest of Latin America
7. Competitive Landscape
o Company Profiles
? Advanced Micro Devices, Inc.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Russian Miner Coin
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Halong Mining
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Zhejiang Ebang Communication Co., Ltd
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? NVIDIA Graphics Pvt. Ltd.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Bitmain Technologies Ltd
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? SBI Group
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Bitfury
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? TSMC
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Canaan Creative Co. Ltd
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Global Foundries
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? UMC
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
o Analyst Views
8. Section
o References
o Research Methodology
o About us and Sales Contact
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