Transaction URL: https://etherscan.io/tx/0x52ec9e6dc3924158c4ba2bf38be46694a983d08a563e0b9ae06cf94bb9a5e3fd
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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%,…
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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…
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This is a segment from the Supply Shock newsletter. To read full editions, subscribe.
Can BitCoin be “trusted”? Will anyone accept bitcoins as payment? Could bitcoin eventually replace national currencies and “break the monopoly power of the Federal Reserve”?
These were questions fielded by then-lead developer Gavin Andresen, 14 years ago this week. Andresen was speaking on the first podcast episode dedicated to “BitCoin.” (The price was a cool $0.73.)
This hour-long EconTalk chat was recorded in March 2011, back in the very early months of GPU mining. It’s still worth listening to this episode, for nothing more than to transport yourself back to your first…
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