CoinDesk Podcast Network THE MINING POD: China Mining Ban Fake News, Semiconductor Tariffs, $14.5B Mining Pool Heist
Aug 8, 2025
The podcast dives into the thrilling realm of Bitcoin mining with discussions on the hashrate hitting a record high. The hosts debunk rumors of another China mining ban, providing clarity on evolving regulations. They also analyze Trump's proposed semiconductor tariffs and their potential impacts on the industry. In an intriguing twist, they revisit a massive mining pool heist from years ago, now valued at an astonishing $14.5 billion. This episode is packed with insights into market dynamics and security practices in the ever-changing crypto landscape.
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Hash Rate Nears Record High
- Bitcoin's seven-day average hash rate reached 972 EH/s, near a new record.
- Matt Kimmel expects about a 1.3–1.4% difficulty increase and hash price sits near $58/PH/day.
100% Chip Tariff Threatens ASIC Costs
- Donald Trump's proposal could levy about a 100% tariff on chips entering the U.S. according to reports.
- Will Foxley and Colin Harper warn this may raise ASIC import costs and encourage onshoring of manufacturing or assembly.
Don't Trust Unverified China Ban Reports
- Colin Harper warns there is no new CCP guidance and recent tweets claiming a new China mining ban are false.
- Verify Chinese regulatory news on official government sites or from trusted local sources before reacting.