Assets, Bitcoin

Who Is the Largest Manufacturer of Bitcoin Mining Machines?

As Bitcoin prices surge, so does the energy consumption of Bitcoin mining. In fact, the electricity used to mine Bitcoin this year is more than the annual energy consumption of Argentina, Nigeria and Pakistan combined. According to Digiconomist’s Bitcoin Energy Consumption Index, the current estimated annual electricity consumption of Bitcoin is 77.

79 terawatt-hours (TWh), which is equivalent to 0.21% of total global electricity consumption.

So who is responsible for all this energy consumption? Well, most of it can be attributed to large-scale Bitcoin mining operations. These are usually located in countries with cheap electricity, such as China and Iceland.

The largest manufacturer of Bitcoin mining machines is Bitmain, a Chinese company that also operates one of the largest Bitcoin mining pools, Antpool. Bitmain produces a range of cryptocurrency mining hardware, including the popular Antminer S9 series of miners.

Bitmain also manufactures miners for other cryptocurrencies, such as Ethereum and Litecoin.

According to estimates by Digiconomist, Bitmain’s Antminer S9 machines account for almost 30% of all the hashing power on the Bitcoin network. That’s a lot of hashing power and a lot of energy consumption!

So there you have it: The largest manufacturer of Bitcoin mining machines is Bitmain, and its products are responsible for a significant portion of Bitcoin’s energy consumption.

Previous ArticleNext Article