Core

Bitcoin

Block

Billion

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-mining-hardware-market-offers-20-billion-opportunity/" data-wpel-link="internal">Bitcoin Mining Hardware Market Offers $20 Billion Opportunity</a> 
<a href="https://en.coin-turk.com/spot-bitcoin-etf-approval-what-to-expect-and-its-potential-impact-on-bitcoin-price/" data-wpel-link="internal">Bitcoin</a> (BTC) mining hardware and chip industry offers a $20 billion market opportunity over the next five years. Bernstein analysts see this as a significant advantage for US Bitcoin miners. Especially, Donald Trump’s “Produce Bitcoin in America” rhetoric could support the sector’s growth within the country. 
<h2 style="text-align: justify" id="strong-china-s-decline-us-s-rise-strong">China’s Decline, US’s Rise</h2> 
In the past, the Bitcoin mining hardware market was dominated by China-based <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">companies</a>, particularly Bitmain. However, US-based companies like Block and Auradine have introduced new mining chips, offering opportunities to diversify the supply chain and compete with more advanced chip designs. Block’s agreement with Core Scientific to supply new 3-nanometer ASIC mining chips is an example of this diversification. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-375310" src="https://coin-turk.com/wp-content/uploads/2024/07/bitcoin-madenci-1.png" alt="" width="1180" height="554"> 
Moreover, Auradine has launched new AT1500 Teraflux mining devices and introduced new models using 3nm ASIC chips. These steps are seen as significant moves to enhance technological innovations and energy efficiency in the sector. 
<h2 style="text-align: justify" id="strong-annual-growth-of-15-30-in-mining-equipment-demand-expected-strong">Annual Growth of 15-30% in Mining Equipment Demand Expected</h2> 
Bernstein analysts predict an annual growth of 15-30% in mining equipment demand due to the expected increase in the Bitcoin network’s hashrate and the need to make existing capacity more efficient. Analysts estimate the hardware revenue opportunity to be $3-5 billion annually. 
For US Bitcoin miners, these <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">recent developments</a> could increase competition in the sector and reduce the market share of major players like Bitmain. Additionally, open-source and customizable software, along with close collaboration with US miners, could enhance fleet efficiency. 
The changes for large-scale mining companies in the US signal a significant opportunity. Experts believe that publicly traded mining companies like Riot Platforms, CleanSpark, IREN, and Core Scientific could benefit positively from all these developments. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-mining-hardware-market-offers-20-billion-opportunity/" data-wpel-link="internal">Bitcoin Mining Hardware Market Offers $20 Billion Opportunity</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-mining-hardware-market-offers-20-billion-opportunity/" data-wpel-link="internal">Bitcoin Mining Hardware Market Offers $20 Billion Opportunity</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Mining Hardware Market Offers $20 Billion Opportunity

Inhoudsopgave

COINTURK NEWS

Andere artikelen gepubliceerd op 30 jul 2024

Binance Labs invests in liquid staking platform aPriori

Community Vote: Launch on August 19th vs. October 11th

If You Invested $1000 in Bitcoin When Trump Said Its Value Is 'Based On Thin Air,' Here's How Muc...

Can PEPE sustain its surge to $0.000017? Key metrics suggest…

Core Foundation Launches Dual Staking to Enhance Bitcoin Yields

Polymarket Exceeds $1 Billion in Trading Volume

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!