So Cryptocurrency Mining is a Billion Dollar Industry

It is just so incredible the dollar figures cryptocurrency mining has pulled in the recent years and the increasing pace at which Application Special Integrated Circuits manufacturing companies are generating huge income in revenue.

Bitmain, Industry biggest mining company which I believe from figures to hold lion share of bitcoin mining. Bitmain, has pulled in billions of dollars in revenue just this past year 2017 from bitcoin mining. They are also looking to make more of this enormous revenue this year. and it is even much more anticipated that the revenue this year will likely to be double of what was made the past year. Aside from this company making money from mining bitcoin itself, it also sells ASIC hardware equipment which is another source and also makes additional income from renting out hash power(computing power) through the cloud, a phenomenon known as cloud mining.

The enormous revenue made by this company is not even up to 3years and that is so fascinating. A milestone reached has made the company looking to launch its initial public offerings beyond its home based country and make it borderless. Making it borderless will bring more investors which realistically and undoubtedly translate to more revenue. This achievement made by Bitmain has not even be made by NVDA, a popular ASIC chip manufacturer before Bitmain in many years.

On an ending note, I still strong believe everything happening with bitcoin and altcoins prices this time is undervaluation and in not so much longer time, cryotocurrency business will turn to a TRILLION DOLLAR INDUSTRY.

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