Supply Chain Ecosystem Analysis now part of DBMR Reports
North America Cryptocurrency Mining Market, By Mining Enterprise (Large Miners and Small Miners), Revenue Source (Transaction Fees and Block Rewards), Mining Type (Self-Mining, Cloud Mining Services, Remote Hosting Services), Hardware (ASIC, GPU, CPU, and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029
The cryptocurrency market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 9.1% in the forecast period of 2022 to 2029 and expected to reach USD 725.96 million by 2029.
Cryptocurrency mining is a mechanism by which Bitcoin and several other cryptocurrencies generate new coins and validate new transactions. It entails the use of huge, decentralized networks of computers all over the world to verify and safeguard blockchains, which are virtual ledgers that record bitcoin transactions. Computers in the network are rewarded with new coins in exchange for contributing their processing power. It is a virtuous circle where miners secure and maintain the blockchain. In return, the blockchain rewards coins, and the coins provide an incentive for the miners to maintain the blockchain.
Cryptocurrency mining is the process of creating new bitcoin by solving puzzles. Miners have become very sophisticated over the past several years, using complex machinery to speed up mining operations. Because of this, the companies are coming up with advanced mining machines for their customers. In addition, some companies are collaborating with other companies to provide different services to the customers. Thus as the demand for a mining pool is increasing in the market, the demand for advanced mining machines is also increasing. However, the high transaction fees related to it may hamper the growth of the market.
The cryptocurrency mining market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Cryptocurrency mining market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The cryptocurrency mining market is segmented into four notable segments which are based on the mining enterprise, revenue source, mining type and hardware. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The cryptocurrency mining market is analyzed and market size information is provided by the country, mining enterprise, revenue source, mining type and hardware as referenced above.
The countries covered in the cryptocurrency mining market report are the U.S., Canada, Mexico.
The U.S. dominates the North American region due to the increased adoption from payment applications like PayPal will give far more people easy access to cryptocurrency.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing penetration of internet and smartphones has risen the demand for cryptocurrency in the market
The cryptocurrency mining market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2012-2020.
Cryptocurrency mining market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to cryptocurrency mining market.
Some of the major players operating in the cryptocurrency mining market are Canaan Inc., Argo Blockchain, HIVE Blockchain Technologies Ltd., Bit Digital, Inc., Riot Blockchain, Inc., ViaBTC, Braiins Systems s.r.o., F2Pool, Genesis Mining Ltd., BITMAIN Technologies Holding Company, Hut 8 Mining Corp., Miningstore.com, MININGSKY (a subsidiary of Skychain Technologies Inc.), iMining Technologies Inc., MinerGate, ASICminer Company, INNOSILICON Technology Ltd., Shenzhen MicroBT Electronics Technology Co., Ltd, GMO Internet, Core Scientific, among others.
Many contracts and agreements are also initiated by the companies’ worldwide which are also accelerating the cryptocurrency mining market.
For instances,
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report
SKU-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF NORTH AMERICA CRYPTOCURRENCY MINING MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.6 DBMR MARKET POSITION GRID
2.7 VENDOR SHARE ANALYSIS
2.8 THE MARKET CHALLENGE MATRIX
2.9 MULTIVARIATE MODELING
2.1 MINING ENTERPRISE TIMELINE CURVE
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 CRYPTOCURRENCY MINING ANALYSIS
4.2 BITMAIN ANTMINER S9
4.3 IN THE U.S., THE AVERAGE ELECTRICITY COST IS AROUND USD 0.11 CENTS PER KILOWATT-HOUR.
5 REGIONAL SUMMARY
6 MARKET OVERVIEW
6.1 DRIVERS
6.1.1 RISE IN THE POPULARITY OF MINING POOLS
6.1.2 INCREASING ADOPTION OF CRYPTOCURRENCY IN THE FINANCIAL MARKET
6.1.3 INCREASING DEMAND FOR CRYPTOCURRENCY-SPECIFIC HARDWARE
6.1.4 INCREASING PENETRATION OF THE INTERNET AND SMARTPHONES
6.2 RESTRAINTS
6.2.1 HIGH TRANSACTION FEES
6.2.2 BAN OF CRYPTOCURRENCY MINING
6.3 OPPORTUNITIES
6.3.1 INCREASE IN VARIOUS STRATEGIC DECISIONS SUCH AS PARTNERSHIP AND ACQUISITION
6.3.2 DEVELOPMENTS IN THE HARDWARE AND SOFTWARE
6.4 CHALLENGES
6.4.1 ENVIRONMENTAL IMPACT OF CRYPTOCURRENCY MINING
6.4.2 MISUSE OF VIRTUAL CURRENCY AND SECURITY ATTACK
7 IMPACT ANALYSIS OF COVID-19 ON NORTH AMERICA CRYPTOCURRENCY MINING MARKET
7.1 ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET
7.2 STRATEGIC DECISION BY MANUFACTURERS AFTER COVID-19
7.3 IMPACT ON DEMAND
7.4 IMPACT ON PRICE
7.5 IMPACT ON SUPPLY CHAIN
7.6 CONCLUSION
8 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY MINING ENTERPRISE
8.1 OVERVIEW
8.2 LARGE MINERS
8.3 SMALL MINERS
9 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY REVENUE SOURCE
9.1 OVERVIEW
9.2 BLOCK REWARDS
9.3 TRANSACTION FEES
10 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY MINING TYPE
10.1 OVERVIEW
10.2 REMOTE HOSTING SERVICES
10.3 CLOUD MINING SERVICES
10.4 SELF-MINING
11 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY HARDWARE
11.1 OVERVIEW
11.2 ASIC
11.3 GPU
11.4 CPU
11.5 OTHER
12 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY REGION
12.1 NORTH AMERICA
12.1.1 U.S.
12.1.2 CANADA
12.1.3 MEXICO
13 NORTH AMERICA CRYPTOCURRENCY MINING MARKET:COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
14 SWOT ANALYSIS
15 COMPANY PROFILE
15.1 CANAAN INC.
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 COMPANY SHARE ANALYSIS
15.1.4 PRODUCT PORTFOLIO
15.1.5 RECENT DEVELOPMENTS
15.2 ARGO BLOCKCHAIN
15.2.1 COMPANY SNAPSHOT
15.2.2 REVENUE ANALYSIS
15.2.3 COMPANY SHARE ANALYSIS
15.2.4 PRODUCT PORTFOLIO
15.2.5 RECENT DEVELOPMENTS
15.3 HIVE BLOCKCHAIN TECHNOLOGIES LTD.
15.3.1 COMPANY SNAPSHOT
15.3.2 REVENUE ANALYSIS
15.3.3 COMPANY SHARE ANALYSIS
15.3.4 PRODUCT PORTFOLIO
15.3.5 RECENT DEVELOPMENTS
15.4 BIT DIGITAL, INC.
15.4.1 COMPANY SNAPSHOT
15.4.2 REVENUE ANALYSIS
15.4.3 COMPANY SHARE ANALYSIS
15.4.4 PRODUCT PORTFOLIO
15.4.5 RECENT DEVELOPMENTS
15.5 RIOT BLOCKCHAIN, INC.
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 COMPANY SHARE ANALYSIS
15.5.4 SERVICE PORTFOLIO
15.5.5 RECENT DEVELOPMENTS
15.6 ASICMINER COMPANY
15.6.1 COMPANY SNAPSHOT
15.6.2 PRODUCT PORTFOLIO
15.6.3 RECENT DEVELOPMENT
15.7 BRAIINS SYSTEMS S.R.O.
15.7.1 COMPANY SNAPSHOT
15.7.2 PRODUCT PORTFOLIO
15.7.3 RECENT DEVELOPMENTS
15.8 BITMAIN TECHNOLOGIES HOLDING COMPANY
15.8.1 COMPANY SNAPSHOT
15.8.2 PRODUCT PORTFOLIO
15.8.3 RECENT DEVELOPMENTS
15.9 CORE SCIENTIFIC, INC., INC., INC.
15.9.1 COMPANY SNAPSHOT
15.9.2 PRODUCT PORTFOLIO
15.9.3 RECENT DEVELOPMENTS
15.1 F2POOL
15.10.1 COMPANY SNAPSHOT
15.10.2 PRODUCT PORTFOLIO
15.10.3 RECENT DEVELOPMENT
15.11 GENESIS MINING LTD
15.11.1 COMPANY SNAPSHOT
15.11.2 PRODUCT PORTFOLIO
15.11.3 RECENT DEVELOPMENT
15.12 GMO INTERNET, INC., INC., INC.
15.12.1 COMPANY SNAPSHOT
15.12.2 REVENUE ANALYSIS
15.12.3 SERVICE PORTFOLIO
15.12.4 RECENT DEVELOPMENTS
15.13 HUT 8 MINING CORP.
15.13.1 COMPANY SNAPSHOT
15.13.2 REVENUE ANALYSIS
15.13.3 SERVICE PORTFOLIO
15.13.4 RECENT DEVELOPMENTS
15.14 IMINING TECHNOLOGIES INC.
15.14.1 COMPANY SNAPSHOT
15.14.2 SERVICE PORTFOLIO
15.14.3 RECENT DEVELOPMENTS
15.15 INNOSILICON TECHNOLOGY LTD.
15.15.1 COMPANY SNAPSHOT
15.15.2 PRODUCT PORTFOLIO
15.15.3 RECENT DEVELOPMENT
15.16 MINERGATE
15.16.1 COMPANY SNAPSHOT
15.16.2 PRODUCT PORTFOLIO
15.16.3 RECENT DEVELOPMENT
15.17 MININGSKY (A SUBSIDIARY OF SKYCHAIN TECHNOLOGIES INC.)
15.17.1 COMPANY SNAPSHOT
15.17.2 REVENUE ANALYSIS
15.17.3 PRODUCT PORTFOLIO
15.17.4 RECENT DEVELOPMENT
15.18 MININGSTORE.COM
15.18.1 COMPANY SNAPSHOT
15.18.2 PRODUCT PORTFOLIO
15.18.3 RECENT DEVELOPMENT
15.19 SHENZHEN MICROBT ELECTRONICS TECHNOLOGY CO., LTD
15.19.1 COMPANY SNAPSHOT
15.19.2 PRODUCT PORTFOLIO
15.19.3 RECENT DEVELOPMENT
15.2 VIABTC
15.20.1 COMPANY SNAPSHOT
15.20.2 PRODUCT PORTFOLIO
15.20.3 RECENT DEVELOPMENTS
16 QUESTIONNAIRE
17 RELATED REPORTS
TABLE 1 CRYPTOCURRENCY MINING ANALYSIS
TABLE 2 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY MINING ENTERPRISE, 2020-2029 (USD MILLION)
TABLE 3 NORTH AMERICA LARGE MINERS IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 4 NORTH AMERICA SMALL MINERS IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 5 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY REVENUE SOURCE, 2020-2029 (USD MILLION)
TABLE 6 NORTH AMERICA BLOCK REWARDS IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 7 NORTH AMERICA TRANSACTION FEES IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 8 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY MINING TYPE, 2020-2029 (USD MILLION)
TABLE 9 NORTH AMERICA REMOTE HOSTING SERVICES IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 10 NORTH AMERICA CLOUD MINING SERVICES IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 11 NORTH AMERICA SELF-MINING IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 12 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY HARDWARE, 2020-2029 (USD MILLION)
TABLE 13 NORTH AMERICA ASIC IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 14 NORTH AMERICA GPU IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 15 NORTH AMERICA CPU IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 16 NORTH AMERICA OTHER IN CRYPTOCURRENCY MINING MARKET, BY REGION, 2020-2029 (USD MILLION)
TABLE 17 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY COUNTRY, 2020-2029 (USD MILLION)
TABLE 18 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY MINING ENTERPRISES, 2020-2029 (USD MILLION)
TABLE 19 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY REVENUE SOURCE, 2020-2029 (USD MILLION)
TABLE 20 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY MINING TYPE, 2020-2029 (USD MILLION)
TABLE 21 NORTH AMERICA CRYPTOCURRENCY MINING MARKET, BY HARDWARE, 2020-2029 (USD MILLION)
TABLE 22 U.S. CRYPTOCURRENCY MINING MARKET, BY MINING ENTERPRISES, 2020-2029 (USD MILLION)
TABLE 23 U.S. CRYPTOCURRENCY MINING MARKET, BY REVENUE SOURCE, 2020-2029 (USD MILLION)
TABLE 24 U.S. CRYPTOCURRENCY MINING MARKET, BY MINING TYPE, 2020-2029 (USD MILLION)
TABLE 25 U.S. CRYPTOCURRENCY MINING MARKET, BY HARDWARE, 2020-2029 (USD MILLION)
TABLE 26 CANADA CRYPTOCURRENCY MINING MARKET, BY MINING ENTERPRISES, 2020-2029 (USD MILLION)
TABLE 27 CANADA CRYPTOCURRENCY MINING MARKET, BY REVENUE SOURCE, 2020-2029 (USD MILLION)
TABLE 28 CANADA CRYPTOCURRENCY MINING MARKET, BY MINING TYPE, 2020-2029 (USD MILLION)
TABLE 29 CANADA CRYPTOCURRENCY MINING MARKET, BY HARDWARE, 2020-2029 (USD MILLION)
TABLE 30 MEXICO CRYPTOCURRENCY MINING MARKET, BY MINING ENTERPRISES, 2020-2029 (USD MILLION)
TABLE 31 MEXICO CRYPTOCURRENCY MINING MARKET, BY REVENUE SOURCE, 2020-2029 (USD MILLION)
TABLE 32 MEXICO CRYPTOCURRENCY MINING MARKET, BY MINING TYPE, 2020-2029 (USD MILLION)
TABLE 33 MEXICO CRYPTOCURRENCY MINING MARKET, BY HARDWARE, 2020-2029 (USD MILLION)
FIGURE 1 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: SEGMENTATION
FIGURE 2 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: DATA TRIANGULATION
FIGURE 3 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: DROC ANALYSIS
FIGURE 4 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS
FIGURE 5 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: DBMR MARKET POSITION GRID
FIGURE 8 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: VENDOR SHARE ANALYSIS
FIGURE 9 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: SEGMENTATION
FIGURE 10 RISE IN THE POPULARITY OF MINING POOLS IS EXPECTED TO DRIVE THE NORTH AMERICA CRYPTOCURRENCY MINING MARKET IN THE FORECAST PERIOD OF 2022 TO 2029
FIGURE 11 MINING ENTERPRISE SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA CRYPTOCURRENCY MINING MARKET IN 2022 & 2029
FIGURE 12 ASIA-PACIFIC IS EXPECTED TO DOMINATE AND IS THE FASTEST-GROWING REGION IN THE NORTH AMERICA CRYPTOCURRENCY MINING MARKET IN THE FORECAST PERIOD OF 2022 TO 2029
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE NORTH AMERICA CRYPTOCURRENCY MINING MARKET
FIGURE 14 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY MINING ENTERPRISE, 2021
FIGURE 15 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY REVENUE SOURCE, 2021
FIGURE 16 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY MINING TYPE, 2021
FIGURE 17 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY HARDWARE, 2021
FIGURE 18 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: SNAPSHOT (2021)
FIGURE 19 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY COUNTRY (2021)
FIGURE 20 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY COUNTRY (2022 & 2029)
FIGURE 21 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY COUNTRY (2021 & 2029)
FIGURE 22 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: BY MINING ENTERPRISES (2022-2029)
FIGURE 23 NORTH AMERICA CRYPTOCURRENCY MINING MARKET: COMPANY SHARE 2021 (%)
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its North America Cryptocurrency Mining Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as North America Cryptocurrency Mining Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.