The Mining Pod | Bitcoin Mining News Bitmain’s Border Dispute, Trump’s Tariffs, ERCOT’s Mining Registration and Hosting Market Check In
Nov 30, 2024
Karun, a resident hosting expert from Compass Mining, shares insights on the Bitcoin mining industry. He discusses Bitmain's challenges with U.S. Customs and the potential impact of Trump’s tariffs on miners. The conversation includes ERCOT’s new registration requirements affecting Texas miners and the evolving dynamics of the hosting market, emphasizing retail vs. institutional demands. Finally, they touch on the implications of compliance and regulatory transparency in the evolving Bitcoin landscape.
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Difficulty and Hash Price Update
- Bitcoin mining difficulty is expected to increase by 2.7%, despite a recent price increase.
- Hash price is currently around $60, significantly lower than previous cycles but stable since the halving.
Antminer Seizures at US Border
- U.S. Customs and Border Protection is holding Antminer ASICs at the border, possibly due to FCC directives.
- The holds are causing significant issues for brokers and miners, with some facing hefty storage fees.
Impact of Potential Trump Tariffs
- Renewed tariffs under a potential second Trump administration could significantly impact Bitcoin miners.
- Miners are exploring options like domestic manufacturing to mitigate the impact of tariffs on ASICs and transformers.