{"id":126752,"date":"2025-04-09T02:17:54","date_gmt":"2025-04-09T02:17:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126752"},"modified":"2025-04-09T02:17:54","modified_gmt":"2025-04-09T02:17:54","slug":"trump-tariffs-could-lower-bitcoin-miner-prices-outside-us-says-mining-exec","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126752","title":{"rendered":"Trump tariffs could lower Bitcoin miner prices outside US, says mining exec"},"content":{"rendered":"

Source: Cointelegraph.com NewsThe Trump administration\u2019s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud.
\n\u201cAs machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,\u201d Mellerud said in an April 8 report. \u201cThe demand for shipping machines to the U.S. is set to plummet, likely nearing zero.\u201d
\n\u201cManufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they\u2019ll likely need to lower prices to attract buyers in other regions,\u201d he added.
\nFalling mining rig prices could see non-US mining operations scale up and take a larger slice of Bitcoin\u2019s total hashrate, Mellerud said.
\nSource: Jaran MellerudUS President Donald Trump unveiled his administration’s \u201creciprocal tariffs\u201d on nearly every country on April 2. Some of the largest crypto mining machine makers are based in countries hardest hit by the tariffs, including Thailand, Indonesia and Malaysia, which saw tariffs of 36%, 32% and 24%, respectively.
\nCrypto mining rig makers Bitmain, MicroBT and Canaan moved to some of these countries to circumvent a 25% tariff that Trump imposed on China in 2018 during his last administration.
\nAnnual change in US tariffs on China, Indonesia, Malaysia and Thailand since 2017. Source: Hashlabs MiningMellerud noted that Trump\u2019s latest tariffs would mean a mining rig that initially costs $1,000 would be priced at $1,240 in the US.
\n\u201cMeanwhile, in Finland and most other countries, there are no tariffs, so the cost of a $1,000 machine remains unchanged.\u201d
\n\u201cIn an industry as cost-sensitive as Bitcoin mining, a 22% price increase on machines can make operations financially unsustainable,\u201d he added.
\nNo coming back from Trump\u2019s tariffs \u2014 \u2018Damage is done\u2019
\nMellerud believes a future reversal of the Trump administration\u2019s tariffs wouldn\u2019t restore US crypto mining operators\u2019 confidence.
\n\u201cEven if these tariffs are rolled back within a few months, the damage is done \u2014 confidence in long-term planning has been shaken,\u201d Mellerud said. \u201cFew will feel comfortable making major investments when critical variables can change overnight.\u201d
\nHe said US miners felt reassured when Trump returned to the White House, expecting a more stable regulatory environment.\u00a0
\nRelated: Bitcoin hashrate tops 1 Zetahash in historic first, trackers show
\n\u201cBut they are now experiencing the flip side of his unpredictable policy shifts,\u201d Mellerud said.
\nThe US accounts for nearly 40% of the network\u2019s hashrate. Mellerud said there\u2019s no reason for US miners to unplug their machines and doesn\u2019t expect the total Bitcoin hashrate coming from the US to drop.
\nHowever, the path to expansion is now \u201csteep and uncertain,\u201d he said, and as a result, the US could lose a considerable share of hashrate.\u00a0
\nTrump\u2019s tariffs have shaken up almost every market, including the crypto markets and Bitcoin (BTC), which is down 4% over the last 24 hours to $76,470, CoinGecko data shows.
\nBitcoin is now 30% off the $108,786 all-time high it set on Jan. 20 \u2014 the same day that Trump re-entered the White House.
\nMagazine: Crypto fans are obsessed with longevity and biohacking: Here\u2019s whyRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsThe Trump administration\u2019s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126752"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126752"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126752\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126752"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}