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Global mining equipment market is expected to reach USD billion by 2018 from USD billion in 2012 at a CAGR of % from 2012 to 2018.
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Consequently, ASIC Bitcoin mining systems can solve Bitcoin blocks much quicker and use less less electricity or power than older bitcoin mining hardware like CPUs, GPUs or FPGAs. As Bitcoin mining increases in popularity and the Bitcoin price rises so does the value of ASIC Bitcoin mining hardware.
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