According to the latest data analysis, at least 600000 powerful new mining machines have been online mining in the past three months, including about 500000 ASIC mining machines.
In fact, some new ASIC mining machines with an average computing power of 55th / s have been launched this summer. According to the data of btc.com, bitcoin's total network computing power reached a new high of 85eh / s at 19:00 UTC on September 13 (in addition, the mining difficulty has also set a new record of nearly 12t, and the increase of both indicators has reached 60%. Bitcoin mining difficulty is an indicator to measure the difficulty of creating a single trading block, which will be adjusted after no 2016 blocks are generated to ensure that Bitcoin blocks are generated. Time can be kept at about ten minutes.
Assuming that the market has deployed mining machines with an average computing power of 55 Th / s since mid June this year, it means that in the past three months, the whole network computing power has risen from 35eh / s to the current level supported by at least 500000 new ASIC mining machines. (1eh / S = 1 million Th / s)
These ASIC mining machines are mainly produced by the mining machine manufacturers such as bitcontinental, Jianan Yunzhi, cored technology and bitmicro. The price of each machine is between 1500 US dollars and 2500 US dollars. At least $1 billion in revenue would have been generated by these miners, based on the delivery of 500000 units.
In fact, as early as the beginning of this year, domestic mining companies predicted that bitcoin's average computing power would exceed 70eh / s in summer, which was completed in August.
Tokeninstight, a cryptocurrency trading and mining activity analysis company, said in its recent research report that the market will continue to increase the supply of mining machines in the next few months, but at the same time the delivery of mining machines may be delayed:
In this case, the main miner's equipment is "sold out" and customers need to place an order at least three months in advance to complete the delivery before the end of the year.
On the other hand, the steep increase in demand for mining machines is partly due to low-cost power resources in two major regions:
1.The "wet season" in Southwest China has brought the coal miners extremely low cost and abundant hydropower resources;
2.The brastek hydropower station built in the cold war in the eastern Siberia region of Russia has been used to provide electricity for bitcoin mines, and miners are increasingly interested in mining in Russia. It is estimated that the bitcoin computing power in this region has accounted for nearly 10% of the total network computing power.
Tokeninspight estimates that bitcoin's mining difficulty across the network will exceed 15t by the end of this year, and bitcoin's computing power across the network will exceed 100eh / s for the first time in history.