Mining Report Highlights China's ASIC Manufacturing Improvements and Dominance

Mining Report Highlights China's ASIC Manufacturing Improvements and Dominance

Gate Trade News Sunday, January 12, 2020 103 1

During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.9%. Tokeninsight’s report also notes that more than 73% of the market share of ASIC mining hardware stems from China.