Post
Topic
Board Mining
Re: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware
by
philipma1957
on 03/08/2019, 00:35:22 UTC
At this point any loophole is moot unless you can find s (omeone in Mexico trustworthy ship it there and then drive it into the USA in that manner.

(Damn, unlikely) Alas!

10% additional tariff to China announcement below:

https://www.cnbc.com/2019/08/01/trump-says-us-will-impose-10percent-tariffs-on-300-billion-of-chinese-goods-starting-september-1.html

So now we are at 36.7%, with the previous 25% tariff and 2.6% regular import fees. Thus this added 10% tariff starting Septemeber 1st,  on Chinese ASIC miners of any flavor.

I'm not sure what price of BTC or any crypto altcoin would have to be at the current difficulty in the USA would 'float the boat'. Add pre-orders to this and no way to any indeed!

A buddy says he also expects, regardless of the above, that BTC difficulty will double by the end of this year.

Sheesh.

not going to happen we won't be at a diff of 19 by dec 31.

Barring a price of 20k for coins.

a diff of 19k means  all s9's will be turned off if coins are 10k    there are at least 35-45eh of the current 75eh   it more then ½ the network.

at 19 diff price of 10500 the s9's are worthless at 4 cent power.  So the network would need to add a ton of new gear and drop all the s9's

of course if price is 20k  s9's are still good and diff could 2x by jan