Cryptocurrency Mining Market Overview
Cryptocurrency mining also referred to cryptomining is a process in which transactions from numerous forms of cryptocurrency are validated and added to blockchain digital ledger. Computing power of miners is utilized, in order to secure such technologies through computing vast number of hashes. The technology repays operators through new blocks and also help them share of transaction fees to these enterprises. The global cryptocurrency mining market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global cryptocurrency mining market is expected to witness significant growth during the forecast period, owing to high cost of cross-border transactions.
Market Dynamics- Driver
Increasing demand for cryptocurrency-specific hardware and fluctuation in monetary regulations are expected to drive growth of the global cryptocurrency mining market during the forecast period. According to Leftronic, Inc., the global blockchain market size is expected to reach US$ 57 million by 20205. According to the same source, in 2019, there were around 153 million Bitcoin user addresses and around US$ 6 billion of daily transactions are executed via Bitcoin. Furthermore, currency fluctuations due to floating exchange rates have compelled consumers to opt for cryptocurrency mining, which in turn, is expected to boost the global cryptocurrency mining market growth over the forecast period. Moreover, high growth in venture capital investment is expected to propel the market growth in the near future.
Market Dynamics- Restraint
Lack of understanding and technical know-how associated with cryptocurrency are expected to restrain growth of the global cryptocurrency mining market over the forecast period.
Regional Insight -
Among regions, North America is expected to witness significant growth in the global cryptocurrency mining market during the forecast period. This is owing to the early adoption of cryptocurrency transactions in the region. Moreover, Asia Pacific is expected to register lucrative growth rates during the forecast period, owing to growing awareness regarding benefits of cryptocurrency mining.
Competitive Section -
Key players operating in the global cryptocurrency mining market are AntPool, Ebot, BTC Top, Genesis Mining, BTC.com, F2Pool Hashing 24, ViaBTC, Bitmain Technologies Ltd., and Hashflare.
Key players in the market are focused on various growth strategies such as product launch, in order to enhance their product portfolio. For instance, in October 2019, Bitmain Technologies Ltd. launched the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM).
Market Dynamics -
Cryptocurrency mining activity could be performed from any regular system integrated with high processing capabilities. However, over the years, the industry has become highly capital intensive, in turn requiring the utilization of custom hardware solutions to perform economically viable operations. Growing difficulty level of these ledgers and increasing requirement of hashing power and electricity is expected to be among the major factors influencing the development of cryptocurrency mining. Growing market capitalization coupled with increasing scope of Alt coins in various applications is anticipated to be major factors influencing growth of the cryptocurrency mining market. However, declining probability of finding new blocks and requirement to provide higher transaction fees to support these operations are expected to among the major factors negatively impacting growth of the cryptocurrency mining market over the forecast period.
Key features of the study:
• This report provides in-depth analysis of cryptocurrency mining, market size (US$ Billion), 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 market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, cryptocurrency market capital, key developments, and strategies and future plans
• Key companies covered as a part of this study include AntPool, BTC.com, ViaBTC, BTC Top, SlushPool, F2Pool, Hashflare, Genesis Mining, Hashing 24, and Ebot
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future mining strategies, strategic know-how, market expansion and marketing tactics
• The global cryptocurrency mining market report caters to various stakeholders in this industry including investors, individual miners, cloud and remote mining companies, equipment manufacturers, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cryptocurrency mining market
Detailed Segmentation:
Global Cryptocurrency Mining Market, By Mining Enterprises:
Large Miners
Small Miners
Global Cryptocurrency Mining Market, By Revenue Source:
Transaction Fees
Block Rewards
Global Cryptocurrency Mining Market, By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Global Cryptocurrency Mining Market, By Geography:
North America
U.S.
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Canada
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Europe
Iceland
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Estonia
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Georgia
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Poland
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Sweden
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Rest of Europe
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Asia Pacific
China
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Hong Kong
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Thailand
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Rest of Asia Pacific
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Latin America
Venezuela
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Rest of Latin America
By Mining Enterprises:
Large Miners
Small Miners
By Revenue Source:
Transaction Fees
Block Rewards
By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
Company Profiles
AntPool*
Company Overview
Company Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BTC.com
ViaBTC
BTC Top
SlushPool
F2Pool
Hashflare
Genesis Mining
Hashing 24
Ebot
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
1. Research Objective and Aassumption
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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