Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share

Coindesk | Feb 17, 2020 at 3:00 AM
  • Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance.
  • Amid bitcoin’s price jump throughout 2019, the network’s two-week average computing power more than doubled from just 40 EH/s around the end of 2018 to nearly 100 EH/s in December.
  • Crypto research firm Coinshares estimated in a report on Dec. 12 that Bitmain’s dominance of sold bitcoin hash rate was about 65 percent at the time, already down from 75 percent in 2018.