NJ New Jersey, USA — (
SBWIRE) — 09/19/2023 — Advance Market Analytics added research publication document on Worldwide Bitcoin Miner Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data.The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Bitcoin Miner market.The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2023 which is estimated and forecasted till 2028*.Some are the key & emerging players that are part of coverage and have being profiled are Bitmain (China), NiceHash (United Kingdom), Bitfury (United States), Coinbase (United States), Canaan (China), HIVE Blockchain Technologies (Canada), Coinmine (United States), Genesis Digital Assets (Cyprus), TradeBlock (United States), KnCMiner (Sweden), CoinTerra, Inc.(United States), Blockcap, Inc.(United States), Awesome Miner ().
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Bitcoin mining refers to create new bitcoin by solving computational puzzles.Compared to other cryptocurrencies, Bitcoin is becoming much popular among miners for various purposes like trading, investment, or shopping.In today’s time bitcoin miners are using the most advanced hardware to speed up mining operations and large-scale bitcoin mining.
As the mining of bitcoin doesn’t require to put money for buying bitcoin as a miner receives Bitcoin as a reward for completing blocks of verified transactions.However, in the most developed countries and some developing countries like India and China, the government has permitted the use of cryptocurrencies for various transactions, which will create significant opportunities for bitcoin mining.The increased adoption of mobile devices and growing popularity of bitcoin among the youth population is likely to accelerate the growth.
In March 2021, Blockcap, Inc., the largest bitcoin mining and blockchain technology in North America announced the purchase of an additional 8,400 AvalonMiner 1246s from Canaan to boost hashing power.With the addition of the Canaan machines, Blockcap will deploy new miners which will help Blockcap to increase nearly triple its total hashing power from six months ago.
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Maintain a competitive edge by sizing up with available business opportunity in Bitcoin Miner Market various segments and emerging territory.
Influencing Market Trend
– The Use of New Technology Such as Immersion Cooling By the Miners to Boost the Performance and Reduce Mining Cost
Market Drivers
– Surging Demand of Crypto Currency Among the Individuals for Investment or Trading
– Growing Need for Fast and Most Advanced Technology for Large-Scale Bitcoin Mining
– Growing Popularity of Bitcoin in the Online Merchant and Startup Companies Due to Fast Tr
Opportunities:
– Government Initiatives to Allow the Use of Crypto Currency for Various Transactions in Developed Countries
Challenges:
– Mining Hardware Requires Lot of Energy to Keep Miners Running Efficiently
Analysis by Application (Personal, Commercial), Components (Hardware, Software), Sales Channel (Online, Offline), End-user (Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment, Others), Operating System (Windows, Mac, Linux)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
– % Market Share, Segment Revenue, Swot Analysis for each profiled company [Bitmain (China), NiceHash (United Kingdom), Bitfury (United States), Coinbase (United States), Canaan (China), HIVE Blockchain Technologies (Canada), Coinmine (United States), Genesis Digital Assets (Cyprus), TradeBlock (United States), KnCMiner (Sweden), CoinTerra, Inc.(United States), Blockcap, Inc.
(United States), Awesome Miner ()]
– Business overview and Product/Service classification
– Product/Service Matrix [Players by Product/Service comparative analysis]
– Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
– Consumption, Capacity & Production by Players
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The regional analysis of Global Bitcoin Miner Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.North America is the leading region across the world.Whereas, owing to rising no.of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Read Executive Summary and Detailed Index of full Research Study @
Highlights of the Report
– The future prospects of the global Bitcoin Miner market during the forecast period 2023-2028 are given in the report.
– The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
– The emerging technologies that are driving the growth of the market are highlighted in the report.
– The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
– The report studies the leading manufacturers and other players entering the global Bitcoin Miner market..