Crypto mining’s cost: How has hardware availability changed the industry?

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Buy equipment, mine, repeat. Or is it not that easy anymore? Back in the day, a GPU was enough to start mining crypto. Now, it's become much more complex with the advance of technology and green energy concerns.

a secondary resale market for retail mining customers to sell hardware. The company’s management said that miners spent hundreds of millions of dollars every month on the secondary market, which indicates high demand.FoundryX, a new marketplace for buying and selling BTC-mining machines. The company received more than 40,000 of the latest-generation mining machines from MicroBT and Bitmain for immediate delivery before 2022 for the new market.

Even in the context of the global economic crisis, mining is developing in various directions, and it is expected that by 2026, the global crypto mining equipment market could beBitmain marketing director Nathaniel Yu told Cointelegraph that the company has seen an expansion in the market and its drive toward green energy:

“Bitmain continues to see the digital currency-mining industry develop further as new mining operators enter the market. Green mining has experienced substantial growth in the past year. The industry can expect more energy providers to enter the mining space. As for mining hardware, hydro- and liquid-cooling technologies will play a growing trend. Data center development will continue to incorporate new technologies to ensure longer mining cycles.

 

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