Beyond Supply And Demand: Charting The Bitcoin Mining Industry’s Journey
2020-12-24
Simultaneously, while there are other mining machines on the market that cater to specific altcoins, ASIC-based miners continue to dominate. With projected optimism for bitcoin continuing into the new year, the mining sector’s future is secure at best. Reflective of the credibility of Proof-of-Work (PoW) as the most tried and tested consensus model in the past decade, ASIC mining machines remain best-positioned to deliver on this ever-increasing demand for computing power.