Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: God Of Thunder on April 17, 2025, 03:59:53 PM
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Since most of the ASIC miners are produced in China, and the US applied a 245% tariff on imported products from China, I think now the companies and individual miners will slow down importing Miners to the US. Instead, the companies may invest in other countries and open new Mining farms in different countries where they won't have to pay this ridiculous 240% tariff.
Now, the question is, if it gets more costly for the US companies to import ASIC miners, and they slow down adding new miners on the network, do you think it is good for the Bitcoin mining ecosystem?
I read an article on BitcoinMagazine where they said It will be good for Bitcoin Mining ecosystem. What is your thought about it?
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The 245% is not for everything, that includes the 100% on the electric vehicles, ASICs would be taxed only...145%.
Second, Bitmain is already at work on finishing their production line in the US
https://x.com/BITMAINtech/status/1866124016819339335
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There might be some shifts with the current issue with tariffs. A different supplier may now be able to manufacture in the United States or something. This would definitely affect the semiconductor industry, especially those that are producing chips for mining.
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This would definitely affect the semiconductor industry, especially those that are producing chips for mining.
TSMC is booked in advance for months, they are even backpedaling on GPUs and mobile chips to satisfy the AI hunger, ASIC chips are literally a drop in the ocean nowadays, especially with the really low income they generate nowadays.
The market is flooded with ASICs I think we might see a 25% jump in hash rate if everything gets plugged in the whole thing is slowly approaching interest rates profit margins.
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Decrease in the hash rate is not good for the network since it reduces the decentralisation but with this tariff war, companies move out of US and start their operations like in developed nations that will give the opportunity for that country to get some revenue due to the war meanwhile bitcoin ensure the highest level of decentralisation on the network.