Will these Miners EARN $140 a day?! Innosilicon Grincoin ASIC Miners Specifications & Profitability

ASIC devices dominate the mining market – research

  • Almost 50% of all ASICs mine only bitcoin.

  • Bitmain remains the market leader.

ASIC devices dominate the mining market - research

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The market leader is still the device manufacturer Bitmain, whose share is almost 30% of the entire mining market..

ASIC devices dominate the mining market - research

The cryptocurrency mining market is dominated by ASIC devices. This is the conclusion reached by the experts of the TokenInsight analytical service.

Currently, for cryptocurrency mining, preference is given to ASIC devices or GPU cards, the share of mining using CPU and FPGA is relatively small.

Unlike ASIC devices, GPU mining can support multiple algorithms. ASIC hardware usually only supports one hashing algorithm, each with its own advantages and disadvantages.

As a dedicated chip to meet specific requirements, ASICs are far superior to FPGAs and GPUs in terms of cost recovery. True, these devices consume much more electricity than, for example, GPU and CPU combined.

All Bitcoin miners

Token Insight believes that ASICs will continue to take their share of the mining market. According to the ASIC Miner Value resource, there are a total of 182 machines operating in the mining market..

The analytics service analyzed all 128 devices supporting a total of 24 algorithms. Almost 50% of them support the SHA-256 algorithm (this is the algorithm that Bitcoin and all its forks use).

In addition, according to ASIC Miner Value, the number of ASIC machines released in 2018 began to fill the market abruptly, but almost immediately their influence on the market gradually diminished..

Permanent leader

Since July 2016, according to Token Insight, mining device manufacturer Bitmain has released the Antminer S9, while there were already about 90 other mining machines on the market..

These mining devices are mainly produced by 14 different hardware manufacturers. Almost 30% of the entire market is accounted for by devices released by Bitmain. It is followed by other manufacturers MicroBT and Canaan Creative.

TokenInsight believes that Bitmain will continue to lead the market for mining devices, while the industry will continue to attract other competitors to supply fresh energy to the market..

Earlier, the editorial staff of BeInCrypto wrote that Chinese miners will survive the impending halving better than others. Bitcoin halving cuts the number of new coins created and earned by miners by half. This happens approximately every four years and … More bitcoin.

What do you think? Will ASICs remain the main miners in the market? Share your thoughts with us in the comments.


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