Bitfury and Bitmain Launch New Mining ASICs – Can They Bring New Life to Crypto Mining?

Colleagues, crypto mining has been under siege from relentless cybercrime attacks, which have risen dramatically in 2018. Nevertheless, while mining vendors AMD and NVidia have struggled, Bitmain and Bitfury have introduce new 7nm and 14 nm ASICs this week. Bitfury serves as a hardware and software vendor of crypto mining and Blockchain technology. Bitmain is the world’s largest crypto mining company that also develops and sells its own mining ASICs. These announcement come during the World Digital Mining Summit takes place in Tbilisi, Georgia. Bottom line: Can new ASICs breathe new life into the beleaguered mining segment of the worldwide crypto ecosystem … especially given the onslaught of cyber-attacks across the globe? We would offer two conclusions: First, the mining sector in aggregate will continue to grow … although the rate of growth in 2016-2018 will be difficult to sustain. Second, there will significant consolidation in cypto mining ASIC segment during the next two years with Bitmain and Bitfury extending their leadership roles. Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)