By Simon Chandler
June 14, 2020


   The Bitcoin (BTC) mining hardware sector is opening up. New hardware manufacturers are entering the market with innovative new mining units, reducing the former dominance of major players such as Bitmain and Canaan.

And with the Bitcoin halving in May putting an extra squeeze on the profit margins of miners, hardware manufacturers are being increasingly forced to introduce more efficient units, raising competition within the sector even further. In the process, newer mining hardware companies like MicroBT might gain a bigger market share.

That said, industry experts predict that the likes of Bitmain will still lead the market for the foreseeable future. Regardless, increased competition in the sector will be good for miners and good for bitcoin’s price, since with more efficient machines miners will face less pressure to sell BTC.

                          source      https://cryptonews.com/exclusives/bitcoin-halving-and-competitors-boost-pressure-on-bitmain-ca-6828.htm