Digital currency mining unsuitable for utilities – report


Navigant Research has issued a new report analysing the digital currency mining market.

The study reveals that the digital currency mining market:

  1. Is time-limited and likely unsuitable for utilities and hardware suppliers
  2. Has an uncertain future due to the potential growth scenarios for digital currency electricity consumption

Johnathon de Villier, research analyst with Navigant Research, said: “The rise and fall of the digital currency mining industry contains lessons for utilities, which must make resource allocation decisions on a longtime horizon.

“Hardware suppliers and manufacturers must also recognize the market for digital currency mining is likely to decline over the next 10 years due to technological shifts and other factors.”

For more information about the report, visit: Utilities and Hardware Suppliers Should Plan for a Future Without Digital Currency Mining.