Supplies of mining devices do not satisfy market demand

A study conducted by TokenInsight, an analytical company, showed that the demand in the cryptocurrency mining equipment market significantly exceeds supply.

In the second quarter of 2019, along with the growth of the cryptocurrency market, the demand for ASIC miners significantly increased. However, after the failure of sales in 2018, device manufacturers were not ready for explosive demand growth.

Researchers emphasized that sales of equipment for cryptocurrency mining increased significantly in the second quarter of 2019. Many popular devices, such as the Antminer S17, were completely sold out.

Now manufacturers accept payment for miners on account of future deliveries, the nearest of which are scheduled for October and November this year. At the same time, according to TokenInsight, in the field of cloud mining there is a significant decrease in demand.

Analysts expect that by the end of this year, the complexity of bitcoin mining will increase to 72%. Thus, the profit of miners will significantly decrease if the rate of the first cryptocurrency does not grow to new heights. Researchers are 95% confident that next year the Bitcoin exchange rate will be in the range from $ 17,077 to $ 23,276.