“As April 9 approached, major American bitcoin fighters rented in Southeast Asia charter flights at a price of $ 2-3.5 million. Cryptocurrencies sought to import ordered asic maiders before the “liberation” duties of US President Donald Trump’s “liberation” duties. The information was confirmed by CEO Synteq Digital Taras Kulik and Luxor Operations Director Ethan Vera. The hype among the miners is connected exactly […]”, – WRITE: Businessua.com.ua
As April 9, large American Bitcoin Menters rented in Southeast Asia charter flights at a price of $ 2-3.5 million. This was 2-4 times higher than Normal bets, writes Blockspace.
Cryptocurrencies sought to import ordered asic maiders before the “liberation” duties of US President Donald Trump’s “liberation” duties.
The information was confirmed by CEO Synteq Digital Taras Kulik and Luxor Operations Director Ethan Vera. The hype among miners is related to the removal of equipment, and the factories worked overtime to maximize the order, experts were specified.
On April 2, Trump announced new duties for trading partners. A minimum of 10% for all countries started operating on April 5.
For a number of US partners since April 9, “mutual tariffs” have been introduced. In particular, rates for: Malaysia (24%), Thailand (36%), Indonesia (32%), Taiwan (32%), and for China it eventually amounted to 104%.
In the first three jurisdictions there are assembly enterprises of the main manufacturers of miners: Bitmain, Microbt, Canaan, Bitdeer and Auradine. Taiwanese TSMC supplies most of the chips that underlie the settings. However, semiconductors have been exempted from new duties.
In 2023, Microbt opened production of miners in the United States. Bitmain took a similar step in January this year. However, these enterprises cover only a small part of the required volumes.
A blow to global positions of the US Meding Industry In 2024, US Mainers imported equipment worth more than $ 2.3 billion. Over the 1st quarter of this year, the figure exceeded $ 860 million.
According to experts, due to duties of prices for ASIC-Mainers will increase by 22-36%.
According to Hashrate Index, over the last 12 months the cost of installations with a power rate to 19 j/th has decreased. Installation of the latest AntMiner S21 series by Bitmain costs about $ 3400.
Source: Hashrate Index.
Kulik expects that new import tariffs will affect mining prices by the end of this week. The rise in price will also affect the significant nomenclature of electrical equipment for the Date-Centers produced in China.
According to Vera, in the medium term duties will become a “big blow” in the bitcoin production sector in the United States, which “will certainly lead to stagnation in the industry.”
“Liberation” Trump’s duties struck bitcoin-machine
“If you pay for the installation 26% more than a competitor in Canada, it is difficult for you to compete at the global level,” the expert said.
“And we go to the north?” Kulik agreed with his opinion, noting that the transfer of business “north of the wall” – to Canada – can become attractive to American miners.
They plan to reduce corporate taxes and capital rates. The favorite for the premiere post in the upcoming elections, Mark Karney spoke to support the energy industry and expand the Date Centers.
However, earlier the development of mining in the country has come to the ban on the connection of new capacities in the provinces of Quebec and Ontario because of the unpreparedness of infrastructure. Restrictions continue to act.
Kulik believes that northern Europe is capable of one of the areas of migration of American producers. Vera believes that “several gigawatts” can be found in South America and Africa.
However, in all these cases, the growth will be limited if, for economic reasons, the expert has been able to deploy equipment for economic reasons, the expert acknowledged. The consequences will be similar to mining in China in 2021. Then a significant proportion of hashkert moved to the United States, now it is probably migrating to other countries.
“The winning will be international Mainers, who are likely to have access to installations at a much lower price than they do now, as they do not have to compete with more demand from the industry in the US,” Vera predicted.
According to experts, the introduction of duties in the United States in the United States can be an accessible way to expand business in the United States. As a result, objects even with old Zombie equipment will be attractive to purchase, and prices for them will fly away, Kulik said.
We will remind, during the election campaign, Trump called himself a “cryptopotor”, promised to make the United States the “world capital” of the digital asset industry and globally protect the mining sector.
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