From Hardware To Marketplaces, Retail Bitcoin Miners Are Reshaping The Industry
The surge of at-home and small-scale bitcoin miners is driving new hardware offerings, hosting services and a return to the practice’s roots.The Bitcoin mining industry is targeting retail miners more than ever before, and the mining market is fundamentally changing to serve this demographic.Part disruptive trend, part return to tradition, the focus on small-scale mining is an echo of Bitcoin’s early years when transactions were mined at home (or in offices and dorms) with personal computers. But the ongoing surge in retail and hobbyist mining isn’t limited to activity on online forums or....
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Is a perfect storm of rising difficulty and falling bitcoin prices killing home-based hobbyist mining? Some industry experts think so. Ravi Iyengar, founder and CEO of CoinTerra, said that his company used to sell equal numbers of ASIC mining units to individual investors and institutional miners, who would buy them in larger volumes. "The ratio of small retail miners to institutional miners has gone down," said Iyengar, adding that now, fewer than 20% of the units CoinTerra sells go to people mining from home. The downturn in sales to retail miners happened over the last five months, as....
It is looking like good times in the retail industry as BuySellVouchers gives a solution that allows users of the platform to shop in the most popular retail chains with cryptocurrency. The innovative solution from one of the leading online marketplaces for digital goods allows shoppers to purchase gift cards of major retail shops using different digital currencies. The emergence of digital currency has practically disrupted the financial system, with its unique features and benefits endearing it to millions of people across the globe. While the retail industry has evolved over the years....
The US-based Bitcoin mining giant MegaBigPower has announced on its official website (www.megabigpower.com) that it will launch a buyback program where unprofitable Bitcoin miners can sell their hardware. The company plans to boost its mining power by as much as 10 megawatts by buying pre-owned ASICs. Under the buyback program, the manufacturer of cutting edge mining hardware will be particularly interested in models sold by mining manufacturers Spondoolies-Tech and Bitmain. The buyback was a simple alternative for the miners who were struggling to make profits in the extremely competitive....
Retail bitcoiners miners can adapt to different market environments and, because of their incentives, they can stay in the market.
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining facilities in Kazakhstan, have already relocated around 30% of their mining equipment elsewhere. The President of the National Association of Blockchain and Data Center Industry of Kazakhstan Alan Dorjiyev told....