Cryptocurrency Mining Hardware Market 2019-2023 | Evolving Opportunities with Advanced Micro Devices, Inc and Baikal Miner | Technavio

Technavio has announced its latest market research report titled global cryptocurrency mining hardware 2019-2023. (Graphic: Business Wire)

LONDON--()--The global cryptocurrency mining hardware market is poised to grow by USD 2.7 billion during 2019-2023, progressing at a CAGR of over 10% during the forecast period.

Request Free Sample Pages

Read the 128-page research report with TOC on "Cryptocurrency Mining Hardware Market Analysis Report by Product (application-specific integrated circuit (ASIC) and graphics processing units (GPU), by Geography (APAC, North America, Europe, South America, and MEA), and Segment Forecasts, 2019 - 2023"

The market is driven by the rising popularity of mining pools. In addition, the use of smartphones and applications to mine cryptocurrency is anticipated to further boost the growth of the cryptocurrency mining hardware market.

The rising popularity of mining pools will be one of the major drivers in the global cryptocurrency mining hardware market. Mining pools are groups of miners who work together by combining their computational resources and sharing hashing power to reduce the effects of volatility and obtain better outputs. The chances of achieving success decrease when miner prefer their own cryptocurrency mining hardware. This increases the popularity of mining pools as miners can combine their cryptocurrency mining hardware to enhance the success rate. Moreover, in mining pools, miners cannot steal the rewards of other miners. As the rising demand of mining pools will encourage new miners to join, the use of cryptocurrency mining hardware will increase which will boost the market growth

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Cryptocurrency Mining Hardware Market Companies:

Advanced Micro Devices, Inc

Advanced Micro Devices, Inc owns and operates businesses under various segments such as computing and graphics and enterprise, embedded, and semi-custom. The company offers a wide range of cryptocurrency mining hardware. Some of the products offered by the company are Radeon RX Vega Series, Radeon RX 500 Series, and Radeon RX 400 Series.

Baikal Miner

Baikal Miner’s key cryptocurrency mining hardware products include BK-G28, BK-N70, BK-B, BK-D, and BK-X.

Bitfury Group Limited

Bitfury Group Limited has business operations under various segments, namely software and hardware. The product offered by the company is Bitfury Tardis.

BitMain Technologies Holding Company

BitMain Technologies Holding Company operates business under four segments, which include antminer, antpool, BTC.com, and artificial intelligence. The company’s key offerings include Antminer S17, Antminer S11, Antminer T15, Antminer DR5, and Antminer Z11.

Canaan Creative CO., LTD

Canaan Creative CO., LTD’s key product offerings in the cryptocurrency mining hardware include AvalonMiner 10, AvalonMiner 851, and AvalonMiner 911.

Register for a free trial today and gain instant access to 10,000+ market research reports.

Technavio's SUBSCRIPTION platform

Cryptocurrency Mining Hardware Product Outlook (Revenue, USD Million, 2019 - 2023)

  • ASIC
  • GPU

Cryptocurrency Mining Hardware Regional Outlook (Revenue, USD Million, 2019 - 2023)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
media@technavio.com.

Release Summary

The cryptocurrency mining hardware market will grow by USD 2.7 billion during 2019-2023, progressing at a CAGR of over 10% according to the Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
media@technavio.com.