Global Cryptocurrency Mining Equipment Market Is Projected to Register a High CAGR During the Forecast Period 2018–2026

Coherent Market Insights has recently updated its massive report catalogue by adding a fresh study titled “Global Cryptocurrency Mining Equipment Market – Industry Analysis, Size, Share, Growth, Trends, & Forecast 2018-2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with the growth of manufacturers in the global market for Cryptocurrency Mining Equipment. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

Request Free sample copy here @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

This report on the Cryptocurrency Mining Equipment market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the wellness programs and services for corporate companies and new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides overall information and data analysis of the global Cryptocurrency Mining Equipment market regarding leading market segments based on service type and regions.

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).

Geographically, Cryptocurrency Mining Equipment market report 2018-2026 provides a detailed analysis of major regions such as North America, Europe, Asia Pacific, South America & the Middle East and Africa. Cryptocurrency Mining Equipment market analysis is provided for the international market including development history, competitive landscape analysis, and major regional development status, segmentations with product type and application.

Cryptocurrency Mining Equipment market report covers types, applications, Vendors, production, consumption, sales, revenue, market share, gross margin, cost, gross, market share, CAGR, imports & exports, and market influencing factors.

This research study covers Cryptocurrency Mining Equipment Market competition by top manufacturers, with production, price, and revenue (value) and market share. Major Participants Included in Cryptocurrency Mining Equipment Market are, 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 United Microelectronics Corporation.

In the end, the report makes some important proposals for a new project of Cryptocurrency Mining Equipment Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of global market covering all important parameters.

  • Cryptocurrency Mining Equipment driver
  • Cryptocurrency Mining Equipment challenge
  • Cryptocurrency Mining Equipment trend

Ask Discount before purchasing @ https://www.coherentmarketinsights.com/insight/request-discount/1411

What Cryptocurrency Mining Equipment Market Research Offers:

  • Global Cryptocurrency Mining Equipment industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
  • Cryptocurrency Mining Equipment Industry gives assessments for the regional level analysis with Production, Sales, Consumption, Imports, and Exports
  • Cryptocurrency Mining Equipment market provides manufacturers with basic information, product category, sales revenue, price, and gross margin (2018-2026)
  • Cryptocurrency Mining Equipment market forecasts for a minimum of 6 to 8 years of all the mentioned segments
  • Supply chain trends mapping the latest technological advancements
  • Strategic for the new entrants in the Cryptocurrency Mining Equipment market
  • Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
  • Company profiling with detailed strategies, financials, and recent developments

TOC of Cryptocurrency Mining Equipment Market Report Covered: Market research methodology, Opportunity in the market, Market landscape, Market segmentation by type, Geographical Segmentation, Market drivers, Market challenges, Market trends, Cryptocurrency Mining Equipment market Vendors landscape, List of Exhibits

Cryptocurrency Mining Equipment Market Evolving Industry Trends and key Insights by 2020

Coherent Market Insights has recently updated its massive report catalogue by adding a fresh study titled “Global Cryptocurrency Mining Equipment Market Market – Industry Analysis, Size, Share, Growth, Trends, & Forecast 2018-2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with the growth of manufacturers in the global market for Cryptocurrency Mining Equipment Market. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

Request Free sample copy here @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

This report on the Cryptocurrency Mining Equipment Market market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the wellness programs and services for corporate companies and new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides overall information and data analysis of the global Cryptocurrency Mining Equipment Market market regarding leading market segments based on service type and regions.

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).

Geographically, Cryptocurrency Mining Equipment Market market report 2018-2026 provides a detailed analysis of major regions such as North America, Europe, Asia Pacific, South America & the Middle East and Africa. Cryptocurrency Mining Equipment Market market analysis is provided for the international market including development history, competitive landscape analysis, and major regional development status, segmentations with product type and application.

Cryptocurrency Mining Equipment Market market report covers types, applications, Vendors, production, consumption, sales, revenue, market share, gross margin, cost, gross, market share, CAGR, imports & exports, and market influencing factors.

This research study covers Cryptocurrency Mining Equipment Market Market competition by top manufacturers, with production, price, and revenue (value) and market share. Major Participants Included in Cryptocurrency Mining Equipment Market Market are, 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 United Microelectronics Corporation.

In the end, the report makes some important proposals for a new project of Cryptocurrency Mining Equipment Market Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of global market covering all important parameters.

  • Cryptocurrency Mining Equipment Market driver
  • Cryptocurrency Mining Equipment Market challenge
  • Cryptocurrency Mining Equipment Market trend

Market Taxonomy:

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

Ask Discount before purchasing @ https://www.coherentmarketinsights.com/insight/request-discount/1411

What Cryptocurrency Mining Equipment Market Market Research Offers:

  • Global Cryptocurrency Mining Equipment Market industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
  • Cryptocurrency Mining Equipment Market Industry gives assessments for the regional level analysis with Production, Sales, Consumption, Imports, and Exports
  • Cryptocurrency Mining Equipment Market market provides manufacturers with basic information, product category, sales revenue, price, and gross margin (2018-2026)
  • Cryptocurrency Mining Equipment Market market forecasts for a minimum of 6 to 8 years of all the mentioned segments
  • Supply chain trends mapping the latest technological advancements
  • Strategic for the new entrants in the Cryptocurrency Mining Equipment Market market
  • Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
  • Company profiling with detailed strategies, financials, and recent developments

TOC of Cryptocurrency Mining Equipment Market Market Report Covered: Market research methodology, Opportunity in the market, Market landscape, Market segmentation by type, Geographical Segmentation, Market drivers, Market challenges, Market trends, Cryptocurrency Mining Equipment Market market Vendors landscape, List of Exhibits

Cryptocurrency Mining Equipment Market Effect and Growth Factors Research and Projection Till 2026

Cryptocurrency Mining Equipment Market reports cover complete modest view with the market stake and company profiles of the important contestants working in the worldwide market. The Cryptocurrency Mining Equipment market offers a summary of product specification, production analysis, technology, product type, considering key features such as gross, gross margin, revenue, cost. The report enlists several important factors, starting from the basics to advanced Market intelligence which play a crucial part in strategizing.

Get Access to PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

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).

Cryptocurrency Mining Equipment Market research study provides key statistics on the Market status of the Cryptocurrency Mining Equipment manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Cryptocurrency Mining Equipment industry. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the Market. Cryptocurrency Mining Equipment Market report analyses the Market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and Market demand and supply scenarios.

In the end, the report makes some important proposals for a new project of Cryptocurrency Mining Equipment Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of global market covering all important parameters.
• Cryptocurrency Mining Equipment driver
• Cryptocurrency Mining Equipment challenge
• Cryptocurrency Mining Equipment trend

There are Multiple Chapter to display the Global Cryptocurrency Mining Equipment Market some of them As Follow:

Chapter 1, Definition, Specifications, Classification, Applications of Cryptocurrency Mining Equipment Market Segment by Regions;
Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, Technical Data and Manufacturing Plants Analysis of Cryptocurrency Mining Equipment, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, Cryptocurrency Mining Equipment Segment Market Analysis (by Type);
Chapter 7 and 8, The Cryptocurrency Mining Equipment Segment Market Analysis (by Application) Major Manufacturers Analysis
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Natural preservative, Chemical preservative, Market Trend by Application;
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, The Consumers Analysis of Global Cryptocurrency Mining Equipment;
Chapter 12, Cryptocurrency Mining Equipment Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, Cryptocurrency Mining Equipment sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

Custorm

Major Key Players Involved In The Cryptocurrency Mining Equipment Market Report Are: 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 United Microelectronics Corporation.

Major Question Answered in Cryptocurrency Mining Equipment market report:
• What will the market size be in 2026 and what will the growth rate be?
• What are the key market trends and growth drivers?
• What are the new project investment feasibilities?
• How does the market relate to the overall economy, demography and other similar markets?
• What is the regional supply/demand, import/export, capacity, production, production value?
• What are the challenges faced by key players in this market?
• What forces will shape the market going forward?
• What Strategies are the market players adopting to ensure sustainability?
• How market is categorized and which are the leading segments? Which region or country is driving demand?

Cryptocurrency Mining Equipment Market Provides An In-Depth Insight Of Sales And Trends Forecast To 2026

The cryptocurrency mining market was valued at US$ 838.4 million in 2016 and is projected to reach US$ 16,377.2 million by 2025, exhibiting a CAGR of 18.68% over the forecast period, according to Global Cryptocurrency Mining Equipment Market Report, by Equipment (Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), Application Specific Integrated Circuits (ASICs), and PCs or other consumer electronics), by Mining Type (Self Mining, Cloud Mining Services, and Remote Hosting Services), published by Coherent Market Insights.

Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

Global cryptocurrency mining equipment market is expected to witness significant growth opportunities predominantly, owing to growing market capitalizations of cryptocurrencies and increasing adoption of professional mining tools owing to their high ROI.

Key Trends and Analysis of the Global Cryptocurrency Mining Equipment Market:

Among product types, GPUs segment is expected to witness a CAGR of 17.95% over the forecast period. GPUs have much higher processing power as compared to regular computing machines making them the ideal choice for cryptocurrency mining. The GPUs are being extensively used on account of its capability to process multiple complex algorithms swiftly with leveraging on its RAM, which is not to be found in ASICs. Moreover, development of ASICs for digital assets other than bitcoin was not profitable enough.

Based on mining types, cloud mining services segment dominated the global cryptocurrency mining equipment market share and it is expected to continue its dominance over the forecast period. Cloud mining services facilitate mining operations to be carried out with the help of a remote datacenter having shared processing power. Cloud mining enables miners to mine cryptocurrencies without having to manage mining hardware. It is provided as a service and hence some cost is incurred by the service providers. In return, the miners gets benefited with the mining facilities over cloud, through the block rewards and the transaction fees of the associated altcoin and the mining pool.

Explore detail market study @
https://www.coherentmarketinsights.com/market-insight/cryptocurrency-mining-equipment-market-1411

Key Takeaways of the Market:

According to Coherent Market Insights’ analysis, North America is expected to witness highest growth over the forecast period. Prominent factors influencing growth of the market include the regions accountability for around 78% of the mining exchanges holding government licenses or authorization. Moreover, about 34% of global cryptocurrency wallet providers are based out of U.S. alone. Multiple mining facilities are concentrated in the region, creating a highly favorable environment for large miners to thrive. The small miners in the region are concerned about increasing taxation and consider it as a risk factor, whereas the large miners are least bothered about these taxation norms due to large amount of profits they are earning. The region has wide adoption and acceptance of cryptocurrencies in routine transactions which is evident with the fact that about 73% of all the total bitcoin ATMs are located in the North America. Moreover, the development of mining centers in Canada due to low cost electricity and consistent internet connectivity is expected to fuel growth of the regional market over the forecast period.

Chief players in the global cryptocurrency mining equipment market 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 United Microelectronics Corporation. Major industry players such as IBM and Samsung are estimated to participate in market, if the market capitalization achieves stability, unlike the volatility witnessed in the end of 2017 and the beginning of 2018.

Cryptocurrency Mining Equipment Market Set for Rapid Growth And Trend by 2026

The cryptocurrency mining market was valued at US$ 838.4 million in 2016 and is projected to reach US$ 16,377.2 million by 2025, exhibiting a CAGR of 18.68% over the forecast period, according to Global Cryptocurrency Mining Equipment Market Report, by Equipment (Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), Application Specific Integrated Circuits (ASICs), and PCs or other consumer electronics), by Mining Type (Self Mining, Cloud Mining Services, and Remote Hosting Services), published by Coherent Market Insights.

Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

Global cryptocurrency mining equipment market is expected to witness significant growth opportunities predominantly, owing to growing market capitalizations of cryptocurrencies and increasing adoption of professional mining tools owing to their high ROI.

Key Trends and Analysis of the Global Cryptocurrency Mining Equipment Market:

Among product types, GPUs segment is expected to witness a CAGR of 17.95% over the forecast period. GPUs have much higher processing power as compared to regular computing machines making them the ideal choice for cryptocurrency mining. The GPUs are being extensively used on account of its capability to process multiple complex algorithms swiftly with leveraging on its RAM, which is not to be found in ASICs. Moreover, development of ASICs for digital assets other than bitcoin was not profitable enough.

Based on mining types, cloud mining services segment dominated the global cryptocurrency mining equipment market share and it is expected to continue its dominance over the forecast period. Cloud mining services facilitate mining operations to be carried out with the help of a remote datacenter having shared processing power. Cloud mining enables miners to mine cryptocurrencies without having to manage mining hardware. It is provided as a service and hence some cost is incurred by the service providers. In return, the miners gets benefited with the mining facilities over cloud, through the block rewards and the transaction fees of the associated altcoin and the mining pool.

Explore detail market study @
https://www.coherentmarketinsights.com/market-insight/cryptocurrency-mining-equipment-market-1411

Key Takeaways of the Market:

According to Coherent Market Insights’ analysis, North America is expected to witness highest growth over the forecast period. Prominent factors influencing growth of the market include the regions accountability for around 78% of the mining exchanges holding government licenses or authorization. Moreover, about 34% of global cryptocurrency wallet providers are based out of U.S. alone. Multiple mining facilities are concentrated in the region, creating a highly favorable environment for large miners to thrive. The small miners in the region are concerned about increasing taxation and consider it as a risk factor, whereas the large miners are least bothered about these taxation norms due to large amount of profits they are earning. The region has wide adoption and acceptance of cryptocurrencies in routine transactions which is evident with the fact that about 73% of all the total bitcoin ATMs are located in the North America. Moreover, the development of mining centers in Canada due to low cost electricity and consistent internet connectivity is expected to fuel growth of the regional market over the forecast period.

Chief players in the global cryptocurrency mining equipment market 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 United Microelectronics Corporation. Major industry players such as IBM and Samsung are estimated to participate in market, if the market capitalization achieves stability, unlike the volatility witnessed in the end of 2017 and the beginning of 2018.

Cryptocurrency Mining Equipment Market Shows Expected Growth from 2018-2026

The cryptocurrency mining market was valued at US$ 838.4 million in 2016 and is projected to reach US$ 16,377.2 million by 2025, exhibiting a CAGR of 18.68% over the forecast period. Global cryptocurrency mining equipment market is expected to witness significant growth opportunities predominantly, owing to growing market capitalizations of cryptocurrencies and increasing adoption of professional mining tools owing to their high ROI.

To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/cryptocurrency-mining-equipment-market-1411

Key Trends and Analysis of the Global Cryptocurrency Mining Equipment Market:

Among product types, GPUs segment is expected to witness a CAGR of 17.95% over the forecast period. GPUs have much higher processing power as compared to regular computing machines making them the ideal choice for cryptocurrency mining. The GPUs are being extensively used on account of its capability to process multiple complex algorithms swiftly with leveraging on its RAM, which is not to be found in ASICs. Moreover, development of ASICs for digital assets other than bitcoin was not profitable enough.

Based on mining types, cloud mining services segment dominated the global cryptocurrency mining equipment market share and it is expected to continue its dominance over the forecast period. Cloud mining services facilitate mining operations to be carried out with the help of a remote datacenter having shared processing power. Cloud mining enables miners to mine cryptocurrencies without having to manage mining hardware. It is provided as a service and hence some cost is incurred by the service providers. In return, the miners gets benefited with the mining facilities over cloud, through the block rewards and the transaction fees of the associated altcoin and the mining pool.

Key Takeaways of the Market:

According to Coherent Market Insights’ analysis, North America is expected to witness highest growth over the forecast period. Prominent factors influencing growth of the market include the regions accountability for around 78% of the mining exchanges holding government licenses or authorization. Moreover, about 34% of global cryptocurrency wallet providers are based out of U.S. alone. Multiple mining facilities are concentrated in the region, creating a highly favorable environment for large miners to thrive. The small miners in the region are concerned about increasing taxation and consider it as a risk factor, whereas the large miners are least bothered about these taxation norms due to large amount of profits they are earning. The region has wide adoption and acceptance of cryptocurrencies in routine transactions which is evident with the fact that about 73% of all the total bitcoin ATMs are located in the North America. Moreover, the development of mining centers in Canada due to low cost electricity and consistent internet connectivity is expected to fuel growth of the regional market over the forecast period.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

Chief players in the global cryptocurrency mining equipment market 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 United Microelectronics Corporation. Major industry players such as IBM and Samsung are estimated to participate in market, if the market capitalization achieves stability, unlike the volatility witnessed in the end of 2017 and the beginning of 2018.

Cryptocurrency Mining Equipment Market Prognosticated For A Ravishing Growth By 2026

The cryptocurrency mining market was valued at US$ 838.4 million in 2016 and is projected to reach US$ 16,377.2 million by 2025, exhibiting a CAGR of 18.68% over the forecast period. Global cryptocurrency mining equipment market is expected to witness significant growth opportunities predominantly, owing to growing market capitalizations of cryptocurrencies and increasing adoption of professional mining tools owing to their high ROI.

To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/cryptocurrency-mining-equipment-market-1411

Key Trends and Analysis of the Global Cryptocurrency Mining Equipment Market:

Among product types, GPUs segment is expected to witness a CAGR of 17.95% over the forecast period. GPUs have much higher processing power as compared to regular computing machines making them the ideal choice for cryptocurrency mining. The GPUs are being extensively used on account of its capability to process multiple complex algorithms swiftly with leveraging on its RAM, which is not to be found in ASICs. Moreover, development of ASICs for digital assets other than bitcoin was not profitable enough.

Based on mining types, cloud mining services segment dominated the global cryptocurrency mining equipment market share and it is expected to continue its dominance over the forecast period. Cloud mining services facilitate mining operations to be carried out with the help of a remote datacenter having shared processing power. Cloud mining enables miners to mine cryptocurrencies without having to manage mining hardware. It is provided as a service and hence some cost is incurred by the service providers. In return, the miners gets benefited with the mining facilities over cloud, through the block rewards and the transaction fees of the associated altcoin and the mining pool.

Key Takeaways of the Market:

According to Coherent Market Insights’ analysis, North America is expected to witness highest growth over the forecast period. Prominent factors influencing growth of the market include the regions accountability for around 78% of the mining exchanges holding government licenses or authorization. Moreover, about 34% of global cryptocurrency wallet providers are based out of U.S. alone. Multiple mining facilities are concentrated in the region, creating a highly favorable environment for large miners to thrive. The small miners in the region are concerned about increasing taxation and consider it as a risk factor, whereas the large miners are least bothered about these taxation norms due to large amount of profits they are earning. The region has wide adoption and acceptance of cryptocurrencies in routine transactions which is evident with the fact that about 73% of all the total bitcoin ATMs are located in the North America. Moreover, the development of mining centers in Canada due to low cost electricity and consistent internet connectivity is expected to fuel growth of the regional market over the forecast period.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1411

Chief players in the global cryptocurrency mining equipment market 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 United Microelectronics Corporation. Major industry players such as IBM and Samsung are estimated to participate in market, if the market capitalization achieves stability, unlike the volatility witnessed in the end of 2017 and the beginning of 2018.