Transaction URL: https://etherscan.io/tx/0xc8f76a5912c16226729dab9eee4e9a59427f604ee5b3af78d55d78df078ed50a
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In terms of companies insulated from tariff announcements, one sector of the crypto industry that is decidedly not safe is bitcoin mining.
With much of the bitcoin mining supply chain based in Asia, US-based operations are going to face higher prices to get equipment onshore.
Beijing-based Bitmain Technologies is the largest mining machine manufacturer, with a 90% market share, and it moved a large part of its production line to Indonesia, Malaysia and Thailand years ago, according to a Bloomberg report.
Imports from these countries to the US now come with levies of 24% to 37%,…
Read more on Blockworks
Builder: Stu
Language(s): Rust
Contributes To: CTV Prototypes, Char Network
Work(s/ed) At: ZBD
Before Bitcoin, Stu spent his days working as a Windows System Administrator and in IT Support. His routine consisted of long boring days of sitting in a chair engaging in monotonous maintenance work, reconfiguring systems, and resetting passwords for users who’d forgotten them.
It was the kind of job where a problem occurring that actually requires you to engage your attention in a meaningful way is so rare an occurrence that you wind up sitting around hoping for something like that to happen most of the time.
Stu spent most days just browsing through Reddit threads during his copious…
Read more on BitcoinMagazine