Ethan Vera: Only Russia will benefit from duties for mining equipment - World Stock Market

Ethan Vera: Only Russia will benefit from duties for mining equipment - World Stock Market

The operating director of the Luxor Technology mining company Ethan Vera said that if the duties of the Donald Trump administration for importing mining equipment will be in full, only Russia will be beneficial from this. Ethan Vera emphasized that Russian companies will have the opportunity to buy mining equipment cheaper and in large volumes. Trump duties will lead to the fact that the development of infrastructure for the extraction of cryp…

The cryptocurrency mining industry in Russia could see a boost if Trump’s tariffs go ahead. Despite Trump’s promise to turn the U.S. into a Bitcoin mining power, trade policy could put things uphill for U.S. players. *** The crypto-mining industry in Russia could see a boost if Trump’s tariffs go ahead. Russia could access mining teams from China at a lower cost than companies in the U.S. Trump’s tariffs could impose challenges on mining workers…

The price increases decided by Donald Trump on mining equipment from Asia threaten the profitability of US miners, still dependent on suppliers like Bitmain. Russia, supported by Chinese capital and less affected by logistical costs, could take advantage of these policies to increase its share of the global hashrate. Faced with uncertainties, countries such as Canada, Argentina or Ethiopia attract investment, while industry players demand exempt…