Topic: How will the trade wars between USA and China influence Bitcoin mining? (Read 197 times)
June 26, 2018, 11:24:31 AM
After World War 2 the fight between china and us is continued but based on the economy both are the most powerful country in the world also this may cause of many trading if anything happens both of the country turn of their trade or impose high tax on their goods.
June 10, 2018, 12:33:57 PM
From the very beginning there is conflict for trading between USA and China based on this they are competitors so they try to mine coins based on this many coins are available in the market so the price of btc also will increase because of this investors will be benefited.
June 08, 2018, 10:32:23 PM
I think this will affect both bitcoin mining and the price. But, this is temporary. It will back to its own situation again.
June 08, 2018, 10:02:06 AM
there are two things here.
first those miners that already have the mining equipment aka ASICs. they won't move. why would they? they already have what they want. so nothing is going to change there.
second is those who don't have ASIC and plan on buying. these can always buy from others, like buying second hand, additionally these days others are entering ASIC market. for instance the internet giant GMO from Japan recently released their ASIC miners. Intel also plans on making ASICs
https://www.ccn.com/gmo-unveils-japans-first-ever-bitcoin-mining-rig/
https://www.theregister.co.uk/2018/05/23/intels_first_commercial_ai_chips_will_arrive_in_2019/
first those miners that already have the mining equipment aka ASICs. they won't move. why would they? they already have what they want. so nothing is going to change there.
second is those who don't have ASIC and plan on buying. these can always buy from others, like buying second hand, additionally these days others are entering ASIC market. for instance the internet giant GMO from Japan recently released their ASIC miners. Intel also plans on making ASICs
https://www.ccn.com/gmo-unveils-japans-first-ever-bitcoin-mining-rig/
https://www.theregister.co.uk/2018/05/23/intels_first_commercial_ai_chips_will_arrive_in_2019/
June 08, 2018, 09:45:09 AM
Trade wars between USA and China will not influence much on Bitcoin. If the bitcoin price will directly affect then there will be some possiblity of impact.
June 08, 2018, 05:26:36 AM
The price of Bitcoin will not get much affected by this. USA has always been like this. The USA government feels that they are sufficient with their own goods and hence, provide restrictions on imported goods.
June 07, 2018, 01:44:26 PM
The USA have been isolating themselves from the rest of the world, by imposing trade restrictions on some imports. The majority of the ASIC miners are being manufactured in China and imported from the USA and other countries. This raise some important questions :
~ Will this influence imports of ASIC miners?
~ Will this influence imports of ASIC miners?
Probably not, unless it's some form of goods/items that can abundantly be found in the USA? I doubt they'll impose some restrictions on machinery such as ASICs and the likes.
~ Will US companies step up to manufacture their own ASIC technologies?
AFAIK, there had been some companies which attempted to create their own ASICs in the past but failed. BitFury is there but the sales is just meh compared to the Chinese giants. If the price of bitcoin overshadows the price of creating ASICs tenfold, I think the Western lads would probably try and enter the ASIC manufacturing business with a bang.
~ Will GPU sales increase, if ASIC miner shortages increase?
GPU sales actually increased even without ASIC production shortages, so this analogy is somehow skewed and wrong.
~ Will companies import these ASIC miners from other countries? Italy -> USA>
It highly depends. These companies would find a way to avoid the trade restriction so there's that.
~ Will Mining farms in the USA relocate to other countries where there are no trade restrictions?
Refer to the point above. If they can circumvent the goods, why would they need to relocate their whole operation?
~ Will a decrease in sales/demand from the USA, drive down ASIC prices?
Given the statistics that a huge percentage of miners hail from the East, I doubt this will cause a large impact on the manufacturers' side.
~ Is this a storm in a Tea cup?
No. Just a man-baby with tantrums going rogue.
June 07, 2018, 01:05:17 PM
I agree with your statement. Bitcoin minning depends on totally the price of bitcoin. What every happens between USA and china it won’t affect the bitcoin price.
June 05, 2018, 11:50:00 AM
I agree with stompix
Whatever happen between US govt and China Govt would not have much impact on Bitcoin price. Thus, the only matter for this mining related stuffs only depend on Bitcoin price.
Whatever happen between US govt and China Govt would not have much impact on Bitcoin price. Thus, the only matter for this mining related stuffs only depend on Bitcoin price.
June 05, 2018, 11:35:25 AM
America deliberately limits the imported goods from other countries because he is afraid the American people prefer imports than the goods of their own countries and of course it will make the loss of his country.
June 05, 2018, 11:29:07 AM
Bitcoin minning will be affected if the prices are directly affected.
June 05, 2018, 11:22:23 AM
Shouldn't this be in mining speculation 
But anyhow, I'll give it a try...
1) No
2) Not without a price increase (reward increase) to motivate them
3) No way !!!!!
4) It will all come to the price of the equipment. Maybe ASICs made in China will still be cheaper even with extra tax.
5) No, why would they? The farms that are mining in the US right now would continue mining just as they have done till now. A rise in price energy would hit them harder than some tax on imports.
6) No, the price of ASICs is far more influenced by the price of BTC rather than real demand. See the dick move made by bitmain in December when they almost doubled the price and now halving it.
I really doubt it.
Bitmain, for example, can easily sell their ASICs to a company in Canada that would resell it under a different name with an extra sticker on it to the US market.
But anyhow, I'll give it a try...
1) ~ Will this influence imports of ASIC miners?
2) ~ Will US companies step up to manufacture their own ASIC technologies?
3) ~ Will GPU sales increase, if ASIC miner shortages increase?
4) ~ Will companies import these ASIC miners from other countries? Italy -> USA>
5) ~ Will Mining farms in the USA relocate to other countries where there are no trade restrictions?
6) ~ Will a decrease in sales/demand from the USA, drive down ASIC prices?
2) ~ Will US companies step up to manufacture their own ASIC technologies?
3) ~ Will GPU sales increase, if ASIC miner shortages increase?
4) ~ Will companies import these ASIC miners from other countries?
5) ~ Will Mining farms in the USA relocate to other countries where there are no trade restrictions?
6) ~ Will a decrease in sales/demand from the USA, drive down ASIC prices?
1) No
2) Not without a price increase (reward increase) to motivate them
3) No way !!!!!
4) It will all come to the price of the equipment. Maybe ASICs made in China will still be cheaper even with extra tax.
5) No, why would they? The farms that are mining in the US right now would continue mining just as they have done till now. A rise in price energy would hit them harder than some tax on imports.
6) No, the price of ASICs is far more influenced by the price of BTC rather than real demand. See the dick move made by bitmain in December when they almost doubled the price and now halving it.
Please share your views on this subject, because any "restrictions" will definitely have some kind of impact on Bitcoin mining and the overall hash rate over time.
I really doubt it.
Bitmain, for example, can easily sell their ASICs to a company in Canada that would resell it under a different name with an extra sticker on it to the US market.
June 05, 2018, 01:44:12 AM
The USA have been isolating themselves from the rest of the world, by imposing trade restrictions on some imports. The majority of the ASIC miners are being manufactured in China and imported from the USA and other countries. This raise some important questions :
~ Will this influence imports of ASIC miners?
~ Will US companies step up to manufacture their own ASIC technologies?
~ Will GPU sales increase, if ASIC miner shortages increase?
~ Will companies import these ASIC miners from other countries? Italy -> USA>
~ Will Mining farms in the USA relocate to other countries where there are no trade restrictions?
~ Will a decrease in sales/demand from the USA, drive down ASIC prices?
~ Is this a storm in a Tea cup?
Please share your views on this subject, because any "restrictions" will definitely have some kind of impact on Bitcoin mining and the overall hash rate over time.
~ Will this influence imports of ASIC miners?
~ Will US companies step up to manufacture their own ASIC technologies?
~ Will GPU sales increase, if ASIC miner shortages increase?
~ Will companies import these ASIC miners from other countries?
~ Will Mining farms in the USA relocate to other countries where there are no trade restrictions?
~ Will a decrease in sales/demand from the USA, drive down ASIC prices?
~ Is this a storm in a Tea cup?
Please share your views on this subject, because any "restrictions" will definitely have some kind of impact on Bitcoin mining and the overall hash rate over time.
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