Over half a million powerful miners could be connected to the Bitcoin network within 3 months

Since the beginning of summer, several new ASIC miners with an average hash capacity of 55 TH/s have entered the market. Thus, the increase in the total hash rate of the network from mid-June by 35 EH/s could result from the launch of more than half a million such devices.

Powerful miners are manufactured by Bitmain, Canaan, InnoSilicon and MicroBT, and their average consumer price is $1,500-2,500. Correspondingly, the manufacturers' revenues could have amounted to about $1 billion in sales of half a million miners in three months. It should be taken into account, however, that some of these companies place equipment on their own premises.

According to TokenInsight's new report, the active demand for mining equipment caused a deficit and price increase in the market.

"Against the background of a sharp increase in the price of Bitcoin, the mining market experienced a significant rise in the second quarter of 2019. There was a severe shortage of most miners from various manufacturers, and the delivery of equipment ordered in the second and third quarters will take place before the end of the year," analysts write.

The firm expects that if the current trend is maintained, the complexity of mining over the next three months will exceed 15 trillion, and the hash rate of the network will reach a new record above 100 EH/s.

According to the portal Blockchain, reaching another record above 98 EH/s on September 11, the value of hash rate of Bitcoin rolled back to 86 EH/s on Sunday.