Cryptocurrency mining involves grouping unverified transactions into new blocks and integrating them to global blockchain ledgers. Computing power of the miners is used to secure such technologies, through computing large number of hashes. The technology rewards the operators through new blocks and also helps them with a share of the transaction fees to these enterprises. Moreover, each valid block added to the system helps in enhancing security for preventing malicious attacks, double spend or reorganization of the already confirmed transactions.
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.
