Crypto Mining Hardware Market to See 10% Compound Annual Growth by 2023

Digital currency mining hardware market is set to expand by 2023, according to a report from market research firm Reportlinker published on April 29.

Per the analysis, the rising number of product launches will facilitate the growth of cryptocurrency mining hardware, that will purportedly register a compound annual growth rate (CAGR) of more than 10% by 2023.

The report suggests that one of the major drivers of the cryptocurrency mining hardware market growth worldwide is the increasing demand for cryptocurrency-specific hardware, such as field-programmable gate array (FPGA) processors and application-specific integrated circuits (ASICs).

The high operational cost that results in low-profit margins reportedly remains one of the challenges to growth of the global digital currency mining hardware market, while the increasing number of crypto-related startups that cease their operations will also affect the growth of the market.

Low prices during the crypto bear market in 2018 affected crypto miners and hardware producers alike. In its Q3 2018 earnings report, computer hardware manufacturer Nvidia announced it was experiencing a “crypto hangover” as a result of inventory excess that was the result of decreased demand for its graphics processing units from crypto miners.

In February, cryptocurrency mining service Coinhive announced its closure, as the project had reportedly become economically inviable. Coinhive reportedly had to shut down its services amidst a 50 percent decline in hash rate following the last Monero hard fork. The firm said its would halt operations on March 8, 2019, while users’ dashboards will be accessible until April 30, 2019.

Author: Cointelegraph By Ana Alexandre

Source link

Related posts

22 Thoughts to “Crypto Mining Hardware Market to See 10% Compound Annual Growth by 2023”

  1. how to get help in windows 10

    Link exchange is nothing else however it is just placing the
    other person’s weblog link on your page at suitable place and other
    person will also do similar in favor of you.

  2. gamefly free trial

    This article will help the internet visitors for creating new website
    or even a blog from start to end.

  3. gamefly free trial

    We stumbled over here from a different web address and thought
    I should check things out. I like what I see so now i am following you.

    Look forward to going over your web page repeatedly.

  4. gamefly free trial

    Hello there, There’s no doubt that your blog could be having web
    browser compatibility issues. When I look at your
    website in Safari, it looks fine however when opening
    in IE, it’s got some overlapping issues. I just wanted to give you a quick heads
    up! Besides that, excellent blog!

  5. gamefly free trial

    I think everything published made a lot of sense. However, what about this?
    what if you were to write a killer headline? I mean, I
    don’t wish to tell you how to run your blog, however suppose you added a post title to maybe grab a person’s attention? I mean Crypto Mining Hardware Market to See 10% Compound Annual Growth by 2023 – is
    a little vanilla. You might glance at Yahoo’s front page and note how they write article headlines to
    grab viewers interested. You might add a related video or a related pic or two to get readers excited about everything’ve written. Just my opinion, it might make your posts
    a little livelier.

  6. gamefly free trial

    Hi, I check your blog like every week. Your writing style is witty, keep doing what you’re doing!


    Why people still make use of to read news papers when in this technological globe all is accessible on web?

  8. quest bars

    Hi there! I could have sworn I’ve been to this website before but after browsing
    through some of the post I realized it’s new to me. Anyways, I’m definitely happy I
    found it and I’ll be bookmarking and checking back often!

  9. how to get help in windows 10

    Thanks for sharing your thoughts. I truly appreciate
    your efforts and I will be waiting for your next post thank
    you once again.

  10. plenty of fish dating site

    I am not certain where you’re getting your information, however good topic.
    I needs to spend some time studying much more or figuring out more.
    Thank you for fantastic information I was searching for this info for
    my mission.

  11. natalielise

    Hello to all, the contents existing at this website are actually remarkable
    for people experience, well, keep up the good work fellows.
    natalielise plenty of fish

  12. plenty of fish

    Excellent goods from you, man. I’ve understand your stuff previous to
    and you’re just extremely excellent. I really like
    what you have acquired here, certainly like what you’re stating and the way in which you say it.
    You make it enjoyable and you still take care of to
    keep it sensible. I cant wait to read much more from you.
    This is actually a wonderful web site. natalielise plenty of

  13. descargar facebook

    I just couldn’t depart your website prior to suggesting that
    I really loved the usual information a person supply in your visitors?
    Is gonna be again ceaselessly in order to check up on new posts

  14. quest bars cheap

    Hello there! This is my first visit to your blog! We are a collection of volunteers and
    starting a new project in a community in the same niche.
    Your blog provided us useful information to work on. You have done a extraordinary job!

  15. minecraft games

    I absolutely love your blog and find a lot of your post’s to be exactly what I’m looking for.
    can you offer guest writers to write content available for
    you? I wouldn’t mind publishing a post or elaborating on a lot
    of the subjects you write in relation to here.
    Again, awesome site!

  16. quest bars cheap

    You made some good points there. I checked on the net to find
    out more about the issue and found most people will go along
    with your views on this site.

  17. Alrasheed University College |rasheed|alrasheed college

    … [Trackback]

    […] Information on that Topic: […]

  18. สล็อตเว็บตรง

    … [Trackback]

    […] Read More Info here to that Topic: […]

  19. Real Live Voyeur Cam Oops Sexe

    … [Trackback]

    […] Find More Info here to that Topic: […]

  20. CBD olie til kroppen med

    … [Trackback]

    […] Find More to that Topic: […]


    … [Trackback]

    […] Here you can find 3204 additional Info to that Topic: […]

  22. nova88

    … [Trackback]

    […] Info to that Topic: […]

Leave a Comment