What are the definitions that will change – and will not change for us the bitcoin mines workers

Will the customs duties of the Bitcoin Mining in America end?

After China banned encryption in the summer of 2021, a large part of the mining industry was forced to move – to Kazakhstan, Russia, Canada and other countries with cheap electricity. However, the largest beneficiary of this exit is the United States, which over the past four years It has passed every country In the world in terms of retail (this means that more bitcoin is produced in the United States more than anywhere).

However, President Donald Trump’s policies were revealed, but he stopped the time when he stopped time It threatens to increase the costs of AsicsThe very powerful computers used to produce bitcoin. Only a few companies know how to build this ASics, most of their manufacturing facilities are located in Southeast Asia, in countries facing approximately 10 % to 50 % of the customs tariff.

Although new taxes may not make them costly expensive for miners in the United States to import new machines, they may slow the country’s expansion in the country.

“The United States will remain the main retail source in the world in the foreseeable future, but its comprehensive dominance will be possible with bitcoin mining becoming a much more global work,” said Taras Colic, CEO of Bitcoin Hardware Digital.

He added: “Certainly we will see Hazaho Hato in terms of relative growth.” “Other countries come to space significantly. Pakistan has just declared It will devote two Gigawatts from power To bitcoin mining. There are all kinds of projects It happens in Ethiopia And outside. They will definitely take a lot of growth capacity. “

The definitions are only a piece of a much larger puzzle. Other factors, such as the tremendous demand for new data centers for artificial intelligence (AI) and the decreasing number of ideal American sites for companies to prepare mining facilities, may have a greater impact on mining factor accounts when it comes to choosing a work jurisdiction.

The United States -based operations are still in the short term, able to benefit from a strong secondary market in order to obtain mining platforms without paying a tariff. In the long run, ASIC manufacturers take steps to produce their machines on American soil.

The consensus seems to be that, away from the destruction of bitcoin mining in the United States, the customs tariff is simply formed to be a new variable that the rival fast industry must deal with.

Bite

The definitions often provided a challenge to April workers because of the surprise and intense. Miners and logistics services companies Hurry to pay Asic shipments In the United States before implementing the policy in order to avoid paying large taxes – only for the White House to pay the deadline for a few months ago.

Now, however, mining companies have adapted to the idea that imported ASIC will cost at least 10 % of what they were usual. But there is uncertainty about whether this is the new natural. The Trump administration is still in the midst of commercial negotiations and the court system It has not yet provided A specific judgment on the legality of its new policies.

“, It will likely take a long time to have a final answer to the form of customs tariffs – at least until the Supreme Court weighs,” said Lauren Lin, head of the Bitcoin Luxury Devices Company, at least. “We expect it to take a few months, even more than a year.”

Meanwhile, Luxor (who also runs commercial works for shipping) does not see any signs of panic among its customers, although there is a rise in questions about how to prepare for Washington’s policy changes, according to LIN. She said that the secondary market (where US -based companies can obtain pre -owned and cheapest machines) slow. In other words, miners roam along.

But there are new difficulties, such as the fact that definitions also affect imported electrical appliances. Transformers, for example, are manufactured outside abroad and it was already difficult to obtain before April. The definitions only worsened. This has been a greater source of frustration for workers from miners from the customs tariffs on ASics, according to an individual working in a commercial encryption organization.

In general, the initial definitions of the White House on Southeast Asian countries should not be considered a starting point for a policy that is likely to develop over time, said Jeff Laperg, head of capital markets and strategic initiatives at Bitco Miner Bitdeer, said in an interview. “We are completely optimistic that there will be a reasonable result at the end of this,” he said.

Made in America

Bitmain dominates the ASIC market of $ 30 billion Its devices, which are approximately 80 % of the bitcoin segmentationAccording to Theminermag. Among its competitors are Microbt, Canaan and Bitdeer.

These companies manufacture the vast majority of ASics in Malaysia, Thailand and China, although Microbt has already has at least one facility in Pennsylvania, and Bitmain announced in December that it was launching a new production line in the United States. Canaan has also completed an American pilot operation, which means that she now has the ability to build ASIC in the country if she chooses.

The Trump administration’s tariff achieves one of its declared goals (to enhance the American industry) in that it stimulates these ASIC manufacturers to expand their operations in the country.

Canindsk told Coindsk that although production in the United States is costly, it brings the advantages of being a geographical closer to its customers and reducing the risk of supply chain. The company said it is currently exploring the possibility of partnership with current US -based manufacturers for its own purposes. Microbe Looking too In ways to avoid definitions by intensifying American production.

Bitdeer, A new but technically advanced player in ASIC sceneThe situation is seen as an opportunity to seize the market share of job occupants. “We would like to retract as much as we can to the United States,” said Laberg. “It will take some time to wander it.”

He added: “Being a manufacturer and for a mine is giving us a huge choice, because we will always get a hole for the excavations we produce, whether it is in our data centers or with a third party.” Bitdeer has mining operations in Texas and Ouhyu, among other sites.

The heavy point, the point plans, did not convey new plans to increase US production since the announcement of the customs tariff in April. Colik of Synteq said the company is likely to prove that it is built in the United States according to the Trump administration’s goals. Note photo did not respond to a request for comment.

In any case, the consensus seems to be that the expansion of production in the United States will be a slow and expensive process.

“Whether we are expanding our manufacture of machines in the United States depends on our ability to reduce costs as well as demand from our customers in the United States. If the demand from US agents is low, manufacturing here is meaningless,” Canaan told Coindesk. In addition, if the definitions of products are from Southeast Asia [end up being] Low, then we do not necessarily need to build our manufacturing capabilities in the United States. “

The end of the golden age?

So miners are quickly adapting to the new reality of tariffs, and ASIC manufacturers seem ready to increase local production. However, the United States -based Bitcoin Hashef (Currently more than 40 % of the global retailIt is unlikely to continue to grow at the speed that has been in the past four years.

For one reason, the definitions have an effect. Bitcoin mining is a very competitive industry, and companies are always looking for ways to reduce costs. If the choice between opening a new mining facility is in Texas or in Ontario, the customs tariff may swing in favor of the latter.

More importantly, the fact that it is difficult to find new American sites that meet the requirements for the role of new Bitcoin mining operations. “Most of the low fruits were chosen in the United States,” Laperg said.

Not to mention that competition has become more intense. HPC data centers (HPC) Appear Throughout the country to expand the capabilities of artificial intelligence, the main players in the industry-Microsoft, Meta, Google-are deeply. If the site is suitable for both mining and HPC, it is unlikely that miners will win a bidding war.

They do not necessarily want. HPC data centers More complicated and intense for pricesBut they also bring much higher profits; This has led a number of bitcoin mining companies to diversify to artificial intelligence.

“HPC chasing the electrons is the main theme for the two to the next ten.” “Bitcoin miners are certainly targets on their appearance for acquisition and unification in space … as a sector, they are likely to be eaten or absorbed in a comprehensive digital account.”

This phenomenon is likely to be possible for the United States due to the technical development required to build and operate HPC centers. Political considerations also play a major role, taking into account the continuous male arms race between the United States and China. In other words, bitcoin miners outside the United States will not be affected by the rapid growth of the HPC industry in the same way.

For workers in the United States, the path may not be forward in terms of Megawatts, but in terms of efficiency, according to Laberge.

He said: “If you look at the global retail at the present time … the majority of platforms are efficiently 30 -year -old for each Terhash (J/s) or higher.” For comparison, a portion and a house The latest generation machines Closer to 10 EG/s in efficiency. “In today’s economies, this is marginally profitable at best.”

“All these excavators need update,” continued. “We see this as a suspended market of $ 4-6 billion annually during the three years to the next five.”

Correction (June 24, 2025, 16:30 UTC): Canaan is not looking to build her manufacturing facilities in the United States, as mentioned previously, but she is studying the idea of ​​partnership with current American manufacturers.