Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance

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.

Also Read: Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

SHA-256 Hashrate Grows 80%, ASIC Hardware Improves, and 70% of the Mining Industry Leverages Renewable Energy

Tokeninsight is an independent organization “dedicated toward providing accurate data, ratings, and analytics” when it comes to the cryptocurrency ecosystem. The researchers have recently published the company’s annual mining industry report that discloses a range of figures from 2019. It also details the firm’s…