Research: supply of mining devices does not meet market demand

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

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

The researchers stressed that sales of cryptocurrency mining equipment 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 in the account of future deliveries, the next of which are scheduled for October and November this year. At the same time, according to TokenInsight, there is a significant decline in demand in the field of cloud mining.

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% sure that next year the bitcoin exchange rate will trade in the range from $17,077 to $23,276.