Gartner Research

Do Not Overly Commit Resources to Supporting Short-Term Revenue From Bitcoin Mining and Blockchain Processing

Published: 16 March 2018

ID: G00348541

Analyst(s): Samuel Wang , Bill Ray

Summary

Rising cryptocurrency value has created demand for specialist mining hardware, but risks remain due to market volatility. Technology strategic planners in mining equipment companies selecting semiconductor technologies can mitigate risks while transitioning to potential AI and blockchain markets.

Table Of Contents

Analysis

  • The Market for Cryptocurrency Mining Equipment Will Dwindle Over the Next Few Years
    • The Declining Value of a Million Bitcoin Machines
  • Poor Secondhand Bitcoin Mining Equipment Market
  • Transaction Verification Market Will Grow With the Wider Adoption of Blockchain Platforms by Enterprises
  • Develop Business Relationships With Bitcoin Miners in Migrating Over to AI and Other Blockchain Platforms
  • Background
    • Blockchain, Cryptocurrency and the Rush for Bitcoin Mining

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