Cryptocurrency mining involves grouping unverified transactions into new blocks and integrating them to global blockchain ledgers. Computing power of the miners is used to secure such technologies, through computing large number of hashes. The technology rewards the operators through new blocks and also helps them with a share of the transaction fees to these enterprises. Moreover, each valid block added to the system helps in enhancing security for preventing malicious attacks, double spend or reorganization of the already confirmed transactions.
 
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Market Dynamics
Cryptocurrency mining activity could be performed from any regular system integrated with high processing capabilities. However, over the years, the industry has become highly capital intensive, in turn requiring the utilization of custom hardware solutions to perform economically viable operations. Growing difficulty level of these ledgers and increasing requirement of hashing power and electricity is expected to be among the major factors influencing the development of cryptocurrency mining. Growing market capitalization coupled with increasing scope of Alt coins in various applications is anticipated to be major factors influencing growth of the cryptocurrency mining market. However, declining probability of finding new blocks and requirement to provide higher transaction fees to support these operations are expected to among the major factors negatively impacting growth of the cryptocurrency mining market over the forecast period.
 
Key features of the study:

This report provides in-depth analysis of cryptocurrency mining, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global cryptocurrency mining market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, cryptocurrency market capital, key developments, and strategies and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future mining strategies, strategic know-how, market expansion and marketing tactics
The global cryptocurrency mining market report caters to various stakeholders in this industry including investors, individual miners, cloud and remote mining companies, equipment manufacturers, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cryptocurrency mining market

 
Emergence of digital currencies such as Bitcoin, Ethereum, and Bitcoin Cash has led to huge investments by companies and this is expected to aid in substantial growth of the market in the near future.
The total market capital for 1,325 different digital assets was valued at over US$ 350 billion in 2017. The increase in cryptocurrency mining is attributed to rising adoption of cryptocurrency and total market capital in these digital assets to gain long term profits. Increasing complications in finding new blocks of most popular cryptocurrencies that includes the Bitcoin has led to increased requirement for advanced hashing power, increase in power consumption, and requirement of specific weather conditions to maintain its operability over long durations. These factors in turn have led to significant investments in mining to gain high ROI (within 20 months) and additional income over the life cycle of the systems. Moreover, offerings that include remote hosting and cloud services have enhanced the user access to low cost solutions and favorable environment for these operations. These factors are expected to aid in substantial growth of the cryptocurrency mining market over the forecast period.
 
Detailed Segmentation:
 
Global Cryptocurrency Mining Market, By Mining Enterprises:
Large Miners
Small Miners
Global Cryptocurrency Mining Market, By Revenue Source:
Transaction Fees
Block Rewards
Global Cryptocurrency Mining Market, By Mining Type:
Self-mining
Cloud mining services
Remote hosting services
 
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Key pool operators in the global cryptocurrency mining market include AntPool, BTC.com, ViaBTC, BTC Top, SlushPool, and F2Pool among others. These aforementioned companies accounted for over 75% of the industry as of December 2017. Chief players offering remote mining service contracts include Hashflare, Genesis Mining, Hashing 24, Ebot, ViaBTC, and others.
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