Competition Between Bitcoin Mining ASIC Manufacturers Is Heating Up – Report – Cryptonews

Competition Between Bitcoin Mining ASIC Manufacturers Is Heating Up – Report – Cryptonews

bitcoin asic miner producers
Source: Adobe/Alexander.

After Bitcoin halving, ASIC mining equipment producers will compete increasingly more aggressively, and in the long term, only 2 or 3 industry players will survive, states a report by BitMEX Research.

The report looks into the history and current situation, as well as the efficiency of mining equipment from the five largest producers of Bitcoin ASIC mining equipment: Bitmain, Canaan/Avalon, Ebang, MicroBT, and Innosilicon.

Researchers found that Bitmain, which has been leading the market since 2015, is starting to lose its market share to MicroBT, which has had a market share of 35% in 2019. Nevertheless, the company still remains the market leader with an estimated market share of 46%. Meanwhile, Canaan ranks third with captured 12% of the market.

asic miners market share
ASIC Manufacturers Estimated Market Share (TH/s sold). Source: BitMEX Research.

Aside from that, the report finds that Bitmain currently has the most energy-efficient product, Antminer S19 Pro, which operates at around
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