REPORTLINKER: THE MINING EQUIPMENT MARKET WILL GROW IN THE COMING YEARS

Research company Reportlinker reports that the market for mining equipment will grow at least until 2023.

According to the report, the increase in the number of products for the production of cryptocurrencies will lead to an increase in the mining market by 10% annually. To encourage such growth will be the demand for FPGA-CPUs and ASIC miners.

According to the researchers, the main problems faced by the industry will be high operating costs and low profits. In addition, it is expected to stop the work of a large number of cryptocurrency startups, which will also leave its mark on the industry.

Analysts also noted quite a lot of competition in the market. Some companies are trying to move from mining on special equipment to mobile mining of cryptocurrencies – that is, to launch smartphones for mining.

Note that the fall of the cryptocurrency market last year greatly affected miners and equipment manufacturers for the production of cryptocurrencies. For example, Nvidia noted a decline in GPU miner sales in Q3 2018, and by the end of the year, the company’s share price fell significantly. However, this year the manufacturer of computer equipment expects the growth of the cryptocurrency market.

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