Express
BitMEX Expects Further Industry Consolidation In ASIC Manufacturing Sector
Summary: The leading cryptocurrency exchange BitMEX released today its analysis of major Bitcoin mining ASIC manufactures, including Bitmain, Canaan, Ebang, MicroBT, and Innosilicon. The report concluded that “further industry consolidation is likely in both the ASIC manufacturing sector and mining farm operating sector.”
The leading cryptocurrency exchange BitMEX released today its analysis of major Bitcoin mining ASIC manufactures, including Bitmain, Canaan, Ebang, MicroBT, and Innosilicon. ASIC refers to an application-specific integrated circuit, which is a device for digital currency mining.
The analytical report shows that competition among manufactures has become increasingly intense. The market share of Bitmain, the previous market dominator, has been sliding as other competitors emerged, especially MicroBT and Canaan.
The report concluded that “further industry consolidation is likely in both the ASIC manufacturing sector and mining farm operating sector.”
As the halving increased difficulty of mining, the quality of mining machines has become more and more essential.
By Dawn Wu
Tags: Bitmain,BitMEX,Canaan,Crypto Mining
Link: BitMEX Expects Further Industry Consolidation In ASIC Manufacturing Sector [Copy]
