More tarrif is good for Bitcoin mining ecosystem?

[God Of Thunder]

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?

[Stompix]

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

[Crwth]

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.

[Stompix]

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.

[Findingnemo]

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.

[KryptoBull]

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?

I think in the short term, the BTC mining industry in the US will face some difficulties, but the trade war will end soon, and everything will stabilize, paving the way for BTC price growth. At the same time, the POW equipment manufacturing industry will also be invested in and become strong in the US, helping the US get rid of the troubles in US-China trade.

Rarely have I ever really cared about the crypto mining industry, I used to consider it just a joke when money was printed out of thin air. I just want to see tokens increase in price, then take profits and wait for a chance to buy back in. Trump promised to take crypto to the moon, which is why we are patiently waiting together for the next policy decisions.

[God Of Thunder]

Rarely have I ever really cared about the crypto mining industry, I used to consider it just a joke when money was printed out of thin air. I just want to see tokens increase in price, then take profits and wait for a chance to buy back in. Trump promised to take crypto to the moon, which is why we are patiently waiting together for the next policy decisions.

Trump is stupid, and he is not good for crypto and Bitcoin. People will realise that sooner or later. No matter what he promises to people, he will end up fucking the crypto investors without even realizing it. Did you notice how badly the crypto market was affected when he started the tariff war? More tariff means more inflation, and the entire world will be affected.

He is just an old, stupid guy. I thought he was good for crypto because he promised a lot of things, and he kept some of those promises. But he is escalating World War 3, which is slowly starting. This is destroying the world economy.