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23 September 2019

Crypto Mining Supply Fails to Meet Market Demand in Q2: TokenInsight

Crypto Mining Supply Fails to Meet Market Demand in Q2: TokenInsight


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The supply of crypto mining machines failed to meet market demand in Q2 2019 despite the surge of mining hardware prices, new research says.

However, the mining market reportedly saw a notable surge in the supply of cloud mining — a type of mining that does not require buying mining machines by providing a platform that directly packages and manages the links of mining hardware purchase, logistics, power supply and others.

10, crypto analyst PlanB suggested that Bitcoin price should hit $30,000 during its current price cycle, based on mining difficulty indicators’ model.

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cointelegraph.com
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