Bitcoin

<a href="https://ultramining.com/en/manufacturers/bitmain/" rel="noopener noreferrer nofollow">Bitmain</a> continues to dominate the global ASIC market with a staggering 75% market share, cementing its leadership in the cryptocurrency mining industry. Since the release of the Antminer series in 2013, Bitmain has leveraged its economies of scale to become the top supplier of mining hardware. Despite rising competition from companies like MicroBT and <a href="https://ultramining.com/news/en/canaan-s-revenue-drops-by-72/" rel="noopener noreferrer nofollow">Canaan</a>, Bitmain's flagship models—such as the <a href="https://ultramining.com/en/hardware/antminer-s19/" rel="noopener noreferrer nofollow">Antminer S19</a>, S19j Pro, and S19XP—are still the most widely used across the Bitcoin network. These models, known for their superior efficiency, have become integral to large-scale mining operations, especially in regions where <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> costs are a key factor.
Recent reports show that over 60% of active Bitcoin mining rigs globally are Bitmain products, and the company continues to release newer, more powerful models like the <a href="https://ultramining.com/en/hardware/antminer-s21-200-ths/" rel="noopener noreferrer nofollow">Antminer S21</a>, which are expected to be fully rolled out by the end of 2024. This control gives Bitmain a significant influence over the entire ecosystem of Bitcoin mining, from pricing to technological advancements While competitors are gaining ground, they still face major hurdles such as securing enough semiconductor wafers to scale up production. Bitmain’s continued dominance poses questions about centralization risks in the broader Bitcoin network, but for now, its market position remains largely unchallenged.

Bitmain Dominates ASIC Market With 75% Control Despite Growing Competition

Ultramining_Eng

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