Mining News

Trump’s definitions say the prices of bitcoin mines are low outside us.

Update (April 10, 2:32 AM UTC): This article was updated to add comments from Jaraan Mellerud.

Jaraan Mellerud, CEO of Hashlabs, says the comprehensive customs tariff for the Trump administration can collapse our request on bitcoin mining platforms, which would benefit from mining operations outside the country, as manufacturers will look outside the United States to sell their inventory surplus for cheaper.

“With the high prices of machinery in the United States, it can decrease contradictive in the rest of the world,” Mellerud He said In April 8 report. “The demand for charging machines to the United States has been set to decline, most likely approaching zero.

He added: “Manufacturers will be left with excessive shares originally intended for the American market. To empty this surplus, they may need to reduce prices to attract buyers in other regions.”

Melrude said that low mining prices may testify that non -American mining operations increase and take a larger segment of the total retail in Bitcoin.

Cointelegraph told that if mining platforms become cheaper due to the low demand in the United States resulting from customs tariffs, “we will likely see the accelerated growth in the applicable mining centers such as Russia, Ethiopia and the northern European countries.”

He added: “At the same time, the new interior-especially areas rich in energy that is not used in the southern hemisphere can appear.”

source: Miloud neighbor

US President Donald Trump revealed the “mutual definitions” of his administration in almost every country on April 2. There are some of the largest encryption mining machine makers in countries The most difficult definitions, Including Thailand, Indonesia and Malaysia, which witnessed a 36 % tariff, 32 % and 24 %, respectively.

Microbt and Canaan mining makers moved to some of these countries to circumvent a 25 % tariff I was imposed on China in 2018 During his last administration.

Annual change in US definitions on China, Indonesia, Malaysia and Thailand since 2017. Source: Hashbes mining

Melrude noted that Trump’s latest tariff means that the mining platform, which initially costs $ 1,000, will make $ 1,240 in the United States.

“Meanwhile, in Finland and most other countries, there is no tariff, so the cost of a $ 1,000 machine is still unchanged.”

He added: “In a high -cost industry such as bitcoin mining, it can make price increase by 22 % on machines of operations is not financially sustainable.”

The Trump tariff is no longer – “harm is done”

Miloud believes a future The opposite of the Trump administration tariff We will not restore the confidence of the encryption mining players.

“Even if these definitions are deported within a few months, the damage to-the long-term planning has been shook,” Miloud said. “The few will feel comfortable making big investments when critical variables can change overnight.”

He said that miners were reassured when Trump returned to the White House, expecting a more stable organizational environment.

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“But they are now suffering from the other side of unpredictable policy episodes,” Miloud said.

The United States represents approximately 40 % of the network fragmentation. Miloud said there is no reason for mining workers to separate their devices and is not expected to ignore the total Bitcoin from the United States.

However, the road to expansion is now “sharp and uncertain”, and as a result, the United States may lose a large share of it Retail.

Trump’s tariff shook almost every market, including encryption markets and bitcoin (BTCWhich has decreased by 4 % over the past 24 hours to 76,470 dollars, Coingecko Data He appears.

Bitcoin is now 30 % discount 108,786 dollars at all on January 20-on the same day Trump re -inserted the White House.

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