Bitcoin’s mining power worldwide has been affected by manufacturing delays caused by the coronavirus outbreak in China, effectively reducing growth in the cryptocurrency’s computing power. Nevertheless, some miners based in the Asian nation have seen an increase in their market share while others struggle to keep up.
Bitmain has held its position as the dominant cryptocurrency mining hardware maker since 2017, but the market may slowly be shifting over to Shenzhen-based MicroBT. The mining company sold about 600,000 units of its WhatsMiner M20 in 2019. Each unit generates about 60 terahashes per second on average, according to MicroBT sales head Vincent Zhang.
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