Welcome!

Microsoft Cloud Authors: Janakiram MSV, Yeshim Deniz, David H Deans, Andreas Grabner, Stackify Blog

News Feed Item

Global Bitcoin: A Market Hype or Reality Industry

NEW YORK, April 22, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Bitcoin: A Market Hype or Reality Industry
http://www.reportlinker.com/p02070093/Global-Bitcoin-A-Market-Hype-or-Reality-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Banking

This report analyzes the global market for Bitcoin in terms of Cumulative Number of Bitcoins in Circulation in Thousands. Annual estimates and forecasts are provided for the period 2010 through 2018. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 49 companies including many key and niche players such as -

TerraHash
CoinTerra
Butterfly Labs Inc.
KnCMiner AB
Robocoin Technologies LLC

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-2
Product Definitions and Scope of Study I-3

II. MARKET BUZZ

1. INDUSTRY OVERVIEW II-1
Bitcoin: A Prelude II-1
Table 1: Bitcoin Penetration in Select Countries Worldwide
Measured by the Number of Bitcoin Software Client Downloads
Presented As a Percentage (%) of Total Population for the
Year 2013 (includes corresponding Graph/Chart) II-2

Table 2: Volume of Bitcoin Software Client Downloads for Top
5 Countries for the Month of December 2013 (includes
corresponding Graph/Chart) II-3

Table 3: Volume of Bitcoin Software Client Downloads by
Select Country for 2013 (includes corresponding Graph/Chart) II-3

Table 4: Global Bitcoin Market (2013): Percentage Share
Breakdown of Bitcoin Software Client Downloads by Operating
System (OS) in Select Countries (includes corresponding
Graph/Chart) II-4

Table 5: Leading Bitcoin Exchanges Worldwide: Percentage
Breakdown of Bitcoin Trading Transaction Volumes by Company
for H2 2013 (includes corresponding Graph/Chart) II-4

Table 6: Number of Bitcoin Transactions Worldwide Per Day (in
Thousands) for Years 2010 Through 2014 (includes
corresponding Graph/Chart) II-5

Table 7: World Market for Bitcoin (2011-2014): Breakdown of
Bitcoin Transaction Fees (In US$) (includes corresponding
Graph/Chart) II-5
The 2007-2009 Recession Marks the Emergence of the Bitcoin System II-6

2. RECENT PAST & CURRENT MARKET SCENARIO II-7
Will the Global Market Instability Drive Future Adoption of
Bitcoin? II-7
Eurozone Crisis Drives Pan European Interest in Bitcoin: A
Case-In-Point II-8
Partial Government Shutdown in the United States Raised Value
of Bitcoin II-9
Growing Acceptance Value & Quantity Value of Bitcoin Spurs
its Proliferation II-9
2013Q4: Bitcoin Soars in Value & China Becomes the Leading Player II-10
Argentina Adds Momentum to Bitcoin Adoption II-11
What Drives the Current Political Pressure on Bitcoin Governance? II-11
Germany's Bid to Regulate & Control Bitcoins Invites Skepticism II-12
Hard-Line Regulatory Approach of the United States II-13
Early Chinese Dominance Compels US to Cautiously Soften its
Regulatory Stand on Bitcoin II-14
A Peek into Bitcoin Regulations in the US II-14
New York Financial Regulator Moves Forward with Tight
Bitcoin Regulations II-15
China's New Stand to Regulate Bitcoin Trading Forces Meltdown
in Bitcoin Value II-15
Russian Authorities Warn Against Use of Bitcoins II-16
Bitcoin as a Payment Network: A Peek Into Its True Potential II-17
E-Commerce Popularity Benefits the Use of Bitcoin as a Means
of Payment II-18
Will Bitcoin Replace Credit Cards? II-19
Bitcoin as an Alternative for Making Micropayments II-20
Growing Use of Bitcoin for International Funds Transfer II-20
How Pragmatic Is the Evolution of a Pure Bitcoin Based
Financial Economy? II-20
Is Bitcoin Truly a Full Reserve Banking Alternative to the
Current Fractional Reserve Banking System? II-20
High Energy Requirements of Bitcoin Mining Raises Skepticism II-21
Is Bitcoin Liquid Enough to Challenge Fiat Currency? II-22
The Advent of Colored Coins Adds to Bitcoin Popularity II-23
Bitcoin Mining Hardware & Cloud Based Bitcoin Mining Grow in
Popularity II-23
Understanding Bitcoin's Concept of Anonymity is the Key to
Wider Adoption II-24
Complexity of Bitcoin Mining Drives Popularity of Pooled Mining II-24
Table 8: Bitcoin Mining Worldwide: Percentage Share Breakdown
of Bitcoin Mining Pools As Measured by Hashrate Distribution
As Recorded on 17th January 2013 (includes corresponding
Graph/Chart) II-25
PayPal Mulls the Possibility of Extending Support to Bitcoin II-25
Online User Friendly Wallets II-25
Escrow Service for Large Transactions II-26
Merchant Acceptability II-26

3. BITCOIN MARKET OUTLOOK II-27
An Optimistic Research Perspective II-27
Factors Encouraging Optimism: II-27
Bitcoin Exchanges Survive Chinese Crackdown II-27
US Businesses Help Bitcoin Make a Price Comeback Post
Chinese Crackdown II-28
Busting of the Silk Road Underground Drug Market and its
Positive Implications II-28
Weak Banking Systems & High Mobile Penetration Favor Bitcoin
Proliferation in Africa II-29
Growing Interest in Bitcoin Investment II-29
Table 9: Average Value of Bitcoin to US Dollar (US$ Per
BTC): Quarterly Breakdown for Years 2011 Through 2013
(includes corresponding Graph/Chart) II-31
Venture Capital Interest in Bitcoin Soars II-31
Top 5 Venture Capital Investments in 2013: II-32
Winklevoss Twins' Investment Fund for Bitcoin: A Bold Step
Forward II-32
Bitcoin ATMs Herald the Emergence of Bitcoin as a Mainstream
Currency II-32
A Pessimistic Research Perspective II-33
Dizzy Spiral of Bitcoin Value to Over US$1240 Punctures the
Bitcoin Currency Hype by Igniting Bubble Fears II-34
Institutional Adoption of Bitcoin Still Slow II-35
Technical Glitch Halts Bitcoin Withdrawals at a Major Bitcoin
Exchange - Exposes Vulnerability of Existing Bitcoin
Infrastructure II-35
Distributed Denial-of-Service Attacks - Another Technical
Challenge Currently Being Faced by Bitcoin Exchanges II-36

4. BITCOIN: CONCEPTUAL OVERVIEW II-37
Bitcoin: An Introduction II-37
History II-37
Regulatory Environment II-38
Key Benefits Driving Adoption of Bitcoin II-38
Pseudo-Anonymity & Privacy II-38
Immune to Monetary Inflation II-38
Impervious to Manipulation II-38
Irreversible Transactions II-39
Portability II-39
Low Cost II-39
Divisibility II-39
Economic Independence II-39
Key Challenges to Adoption of Bitcoin II-40
Bitcoin Anonymity & Unregulated Attributes II-40
Lack of Accountability II-40
Impairs National Development II-40
Hoarding & Speculative Trading II-41
Inequitable Distribution of Wealth II-41
Extreme Volatility II-41
Merchant Acceptability II-41
Irreversible II-41
Security Breach II-42
Difficult to Coordinate II-42
Negative Foundation II-42
Vulnerable to Malicious Manipulation II-42
The Promising Future of Cryptocurrency Spurs Competitive
Alternatives to Bitcoin II-42
Litecoin (LTC) II-43
PPCoin (PPC) II-43
Freicoin (FRC) II-44
MintChip II-44
Feathercoin II-44
Ripple II-45
"Bitcoin Bridge" to Ripple: A Threat or an Opportunity? II-45

5. RECENT INDUSTRY ACTIVITY II-46
CoinTerra Introduces TerraMiner™ Design II-46
CoinTerra Unveils Two Low-Cost Bitcoin ASIC Mining Solutions II-46
CoinTerra Launches GoldStrike1™ ASIC and TerraMiner™ IV
Bitcoin Mining Rigs II-46
Alchip & KnCMiner AB Introduces 28nm Bitcoin Mining ASIC II-46
eGenesis Launches Dragon's Tale Multiplayer Role-Playing Casino II-46
BitPremier Launches New Bitcoin Startup Venture II-47
Bitcoin Ventures Launches CoinTap Gift Card II-47
Bitcoin Ventures Introduces New CoinTap Reload Card II-47
Phoenix Technologies Unveils X Series Bitcoin Mining Hardware II-48
BTC-e Unveils Demo Version of MetaTrader 4 Platform II-48
AvaTrade Announces Availability of BTC/USD Bitcoin Trading on
MT4 and AvaTrader II-48
Kipochi Introduces Kipochi BitCoin Wallet II-48
Bitfinex Introduces Litecoin Trading II-48
Tradehill Introduces Prime Bitcoin Currency Exchange II-48
MonsterMegs Expands Payment Options for Hosting Services II-49
Bittylicious Introduces Bitcoin Purchase Service II-49
ForexMinute Launches Bitcoins News Widget II-49
CoinTerra Partners with CoolIT Systems for Cooling Solutions II-50
BitPay and 3dcart Enter into Partnership II-50
Bitstamp Collaborates with GBGroup to Improve Identity
Verification Standards in Bitcoin Trading II-50
Fidor Bank and bitcoin.de Enter into Partnership II-50
PureVPN Adopts Bitcoin Technology for Offering Anonymous
Payment Solution to Users II-51
Bitcoins Continue to Offer Alternative Payment Solution in Kenya II-51
Winklevoss Bitcoin Trust Makes Efforts for Increasing
Credibility of Bitcoins II-51
OpenCoin Announces Expansion of Ripple Network II-52
Murfie Announces Acceptance of Bitcoins Use for Buying Murfie
Credit II-52
Mobile Apps Continue to Enable Bitcoin Transactions II-52
Bitcoinstore Opens Bitcoin-Only Online Electronics Store II-52
EastWestHydro.com Chooses Bitcoin as Alternative Method of
Payment II-53
Deed Poll Name Change System Accepts Payments in Bitcoins II-53
Text2Pay Provides Bitcoin Digital Currency II-53
Beanstalk Solar Hosting Adds Bitcoins Processing Capability II-53
Mesasix Adopts Bitcoins Payments Method II-53
ForexMinute Announces Addition of Dedicated Section for Bitcoins II-54
TruLiteLED Accepts Bitcoin Payments for LED Grow Lights Purchases II-54
NetDNA Announces Acceptance of Bitcoin Payments by MaxCDN II-54
CoinMama Announces Successful Development of Platform for
Secure Purchase of Bitcoins via PayPal II-54
Berwick to Set Up New Bitcoin ATMs II-54
Ethos Adopts Bitcoins as New Payment Mode II-55
Reddit Accepts Bitcoin Payments for Reddit Gold Subscription
Service II-55
BitPay Enters into Partnership with Gyft II-55
Lamassu to Introduce Production Bitcoin Machine ATM II-55
Coinbase Rolls Out New Promotion Offer II-55
BitPay Updates Payment Gateway Platform II-56
HashFast Technologies to Commence Production of New Golden
Nonce Chip II-56
Coinbase Announces Addition of Ability for Instant Buying of
Bitcoins for Verified Accounts II-56
OKPAY Integrates Bitcoin into Trading System II-56
MainTraditions.com Announces Acceptance of Crypto-Currency II-57
Bitronic Technologies Introduces Bitcoin Tribe Bitcoin Social
Network II-57
Bitronic Technologies Adds Supplementary Functionality to
Bitronictech.net Website II-57
BitInstant Expands Payment Options II-57
Amagi Metals Becomes the Largest Global Bitcoin Retailer II-58
Mt.Gox to Take Over Bitomat.pl II-58
Mt.Gox to Take Over MtGoxLive.com II-58
Switchpoker.com Launches Bitcoin as Deposit/ Withdrawal Option II-59
Mt. Gox Selects YubiKey Security Solution of Yubico II-59

6. PLAYERS IN THE BITCOIN ECOSYSTEM II-60
Bitcoin Mining Equipment Manufacturers II-60
TerraHash (USA) II-60
CoinTerra (USA) II-60
Butterfly Labs Inc. (USA) II-60
KnCMiner AB (Sweden) II-60
Robocoin Technologies LLC (USA) II-61
Bitcoin Mining Contractors/Services Providers II-61
Bitcoin Cloud Mining (USA) II-61
Cloud Hashing (UK) II-61
Pyramining (USA) II-62
MinerLease (USA) II-62
E-pickaxe (Argentina) II-62
BitcoinFrenzy (USA) II-62
Byteminr Limited (UK) II-62
Bitcoin Exchanges II-63
Bitcoin Central (France) II-63
BTCChina (China) II-63
Bitstamp Ltd. (UK) II-63
BTC-e (USA) II-63
Campbx (USA) II-64
Digital Future LLC (Poland) II-64
Mt.Gox Co. Ltd. (Japan) II-64
RMBTB (China) II-64
VirtEx (Canada) II-65
Bitcoin Based Companies (Includes Bitcoin Trading Platforms,
and Payment Processing Companies, Among Others) II-65
BitPay, Inc. (USA) II-65
Coinbase (USA) II-65
Gliph, Inc. (USA) II-66
Coinsetter Inc. (USA) II-66
TruCoin Technologies LLC (USA) II-66
BTCJam (Brazil) II-66

7. GLOBAL MARKET PERSPECTIVE II-67
Table 10: World Recent Past, Current and Future Analysis for
Bitcoin Analyzed by Cumulative Number of Bitcoins in
Circulation in Thousands for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-67

III. COMPETITIVE LANDSCAPE

Total Companies Profiled: 49 (including Divisions/Subsidiaries - 49)

The United States (22)
Canada (3)
Japan (1)
Europe (14)
- France (1)
- Germany (1)
- The United Kingdom (6)
- Rest of Europe (6)
Asia-Pacific (Excluding Japan) (4)
Latin America (3)
Africa (2)

To order this report: Global Bitcoin: A Market Hype or Reality Industry
http://www.reportlinker.com/p02070093/Global-Bitcoin-A-Market-Hype-or-Reality-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Banking

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, will discuss some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he’ll go over some of the best practices for structured team migrat...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they bu...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Datera will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera offers a radically new approach to data management, where innovative software makes data infrastructure invisible, elastic and able to perform at the highest level. It eliminates hardware lock-in and gives IT organizations the choice to source x86 server nodes, with business model option...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...