Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Bitcoin ETFs Pull In $260M Friday as Blackrock’s IBIT Secures 631,962 BTC

May 17, 2025

3 Crypto Projects Poised to Explode with Real-World Utility

May 17, 2025

A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

May 17, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Bitcoin ETFs Pull In $260M Friday as Blackrock’s IBIT Secures 631,962 BTC

    May 17, 2025

    A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

    May 17, 2025

    Ethereum and Solana Holders Take Profit, Investment Into Remittix Soars With Major Updates Near

    May 17, 2025

    Big Short’s Michael Burry Abruptly Sells Everything – Except for One ‘Recession-Proof’ Asset

    May 17, 2025

    A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

    May 17, 2025

    A Bitcoiner’s guide to South Africa’s Garden Route

    May 17, 2025

    Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker

    May 17, 2025

    Here’s How Bitcoin Explodes To Up to $200,000 This Summer, According to BitMEX Founder Arthur Hayes

    May 17, 2025

    Bitcoin breaks out while Coinbase breaks down: Finance Redefined

    May 16, 2025

    51% attack on Ethereum more difficult than on Bitcoin — Justin Drake

    May 16, 2025

    Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked

    May 16, 2025

    Ethereum Building Up Momentum Before a Massive Breakout, Predicts Michaël van de Poppe – Here Are His Targets

    May 15, 2025

    Altcoins are on the verge of ‘most powerful rally’ since 2017 — Analyst

    May 16, 2025

    XRP price path to $3.40 remains intact — Here is why

    May 16, 2025

    Judge’s settlement rejection has no effect on legal victory

    May 16, 2025

    The emergence of Sonic and what it means for DeFi: Report

    May 16, 2025

    Bitcoin ETFs Pull In $260M Friday as Blackrock’s IBIT Secures 631,962 BTC

    May 17, 2025

    3 Crypto Projects Poised to Explode with Real-World Utility

    May 17, 2025

    A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

    May 17, 2025

    Ethereum and Solana Holders Take Profit, Investment Into Remittix Soars With Major Updates Near

    May 17, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bessent Revealed ALL: Trump's Crypto Plans & Trade Deals!

    May 17, 2025

    It Started: Bitcoin About To Go INSANE

    May 16, 2025

    Cardano Founder Gives AIRDROP Details! (FINALLY!!!)

    May 16, 2025

    FTX Paying Back $5 Billion?! Crypto Recovery Details You NEED to Know!

    May 16, 2025

    XRP The Next Bitcoin (Meta To Acquire Ripple?)

    May 16, 2025
ApeWatcher News
Home » Trump tariffs could lower Bitcoin miner prices outside US, says mining exec
Trump tariffs could lower Bitcoin miner prices outside US, says mining exec
Bitcoin

Trump tariffs could lower Bitcoin miner prices outside US, says mining exec

Coin TelegraphBy Coin TelegraphApril 9, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

The Trump administration’s 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.

“As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud said in an April 8 report. “The demand for shipping machines to the U.S. is set to plummet, likely nearing zero.”

“Manufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they’ll likely need to lower prices to attract buyers in other regions,” he added.

Falling mining rig prices could see non-US mining operations scale up and take a larger slice of Bitcoin’s total hashrate, Mellerud said.

Source: Jaran Mellerud

US President Donald Trump unveiled his administration’s “reciprocal tariffs” 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.

Crypto 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.

Annual change in US tariffs on China, Indonesia, Malaysia and Thailand since 2017. Source: Hashlabs Mining

Mellerud noted that Trump’s latest tariffs would mean a mining rig that initially costs $1,000 would be priced at $1,240 in the US.

“Meanwhile, in Finland and most other countries, there are no tariffs, so the cost of a $1,000 machine remains unchanged.”

“In an industry as cost-sensitive as Bitcoin mining, a 22% price increase on machines can make operations financially unsustainable,” he added.

No coming back from Trump’s tariffs — ‘Damage is done’

Mellerud believes a future reversal of the Trump administration’s tariffs wouldn’t restore US crypto mining operators’ confidence.

“Even if these tariffs are rolled back within a few months, the damage is done — confidence in long-term planning has been shaken,” Mellerud said. “Few will feel comfortable making major investments when critical variables can change overnight.”

He said US miners felt reassured when Trump returned to the White House, expecting a more stable regulatory environment. 

Related: Bitcoin hashrate tops 1 Zetahash in historic first, trackers show

“But they are now experiencing the flip side of his unpredictable policy shifts,” Mellerud said.

The US accounts for nearly 40% of the network’s hashrate. Mellerud said there’s no reason for US miners to unplug their machines and doesn’t expect the total Bitcoin hashrate coming from the US to drop.

However, the path to expansion is now “steep and uncertain,” he said, and as a result, the US could lose a considerable share of hashrate. 

Trump’s 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.

Bitcoin is now 30% off the $108,786 all-time high it set on Jan. 20 — the same day that Trump re-entered the White House.

Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

May 17, 2025

A Bitcoiner’s guide to South Africa’s Garden Route

May 17, 2025

Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker

May 17, 2025

Here’s How Bitcoin Explodes To Up to $200,000 This Summer, According to BitMEX Founder Arthur Hayes

May 17, 2025

Bitcoin Cycle Peak Coming Next Year, Says Crypto Analyst Jason Pizzino – Here Are His Targets

May 17, 2025

Panama City mayor teases Bitcoin reserve after meeting El Salvador’s Bitcoin leaders

May 17, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Bitcoin ETFs Pull In $260M Friday as Blackrock’s IBIT Secures 631,962 BTC

May 17, 2025

3 Crypto Projects Poised to Explode with Real-World Utility

May 17, 2025

A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

May 17, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.