American bitcoin, a bitcoin (BTC)) The mining company supported by the family members of the American president Donald Trump exercised an option to buy up to 17,280 integrated circuits specific to the application (ASIC), equipment for the exploitation of crypto, Bitmain earlier this month.
The mining company bought a fleet of 16,299 Antmin U3S21EXPH units of Bitmain, capable of 14.02 exams per second (EH / S) for power calculation, for around 314 million dollars, according to Theminemag.
The agreement also excluded any increase in potential prices of the Trade prices. And import duties, which will have an impact on Bitmain extraction equipment made in China.
In response to pricing pressures, Bitmain announced that he Open its first Asic production installation in the United States by the end of the year. The company also plans to open a head office in Florida or Texas.
Commercial prices and other macroeconomic pressures have created a tension at all levels From the Bitcoin operating supply chain, as minors and equipment producers adjust their economic calculations in response to the changing financial landscape.
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The mining industry responds to trade rates and economic uncertainty
The prices have prompted the main manufacturers of mining equipment to consider moving at least part of their operations in the United States to avoid importation taxes on their products.
More than 99% of all Bitcoin extraction equipment is produced by three manufacturers: Bitmain; Microb; and Canaan, according to a study Published by the University of Cambridge.
Bitmain is the largest mining material manufacturing company in the world by a wide margin, with around 82% of the total market share.
The Trump administration’s strategy to use commercial prices to bring manufacturing to the United States has encountered mixed reactions.
Critics say that policies are long -term inflationists and could turn against him. Jaran Mellerud, CEO of the BTC Mining Company Hashlabs, said that price increases of prices could lead to a collapse the demand of American minors.
ASIC manufacturers will then have stocks, without demand, that they can export to other countries at cheaper prices, Mellerud said.
This would result in the exploitation of exploitation in other countries and would place American minors to a competitive drawback, unlike the objective of the Trump administration of Take the cryptography industry In the United States.
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