Market Trends: Crypto Mining
Top Cryptocurrency Trends For 2022-2023
Commercial usage of digital tokens, including NFTs and others, will surge; even small transactions and purchases will increasingly be paid through cryptocurrencies.
Increased adoption of Cloud Mining, where miners can use shared processing power in a remote or off-site server farm; this allows customers, who may lack sufficient technical knowledge and relevant hardware infrastructure, to mine cryptocurrencies.
The Cryptocurrency industry is likely to be more regulated and may be accepted as a legal tender in many more countries.
The Cryptocurrency industry is addressing environmental concerns and looking for disruptive ways to reduce carbon footprint from crypto mining.
Source: analyticsinsight.net, published in Sept 2021