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✍️ The US-China tariff war may benefit Bitcoin mining as it makes it more costly for US-based public mining companies to purchase ASICs from China, promoting a more distributed hashrate.
👉 The US-China tariff war increases tariffs on goods shipped from China to the US
👉 This makes it more expensive for US-based public Bitcoin mining companies to purchase ASICs
👉 A more distributed hashrate is beneficial for the health of the Bitcoin mining ecosystem
👉 A distributed hashrate reduces the risk of censorship and promotes the core value proposition of Bitcoin
#TroyCross #FrankCorva #PresidentTrump #China #UnitedStates #technology
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Bitcoin Magazine The U.S. Tariff War With China Is Good For Bitcoin Mining President Trump’s tariffs will make it more expensive for American mining companies to import ASICs — and this is a good thing. This post The U.S. Tariff War With China Is Good For Bitcoin Mining first appeared on Bitcoin Magazine and is written by Frank Corva.
https://bitcoinmagazine.com/takes/the-u-s-tariff-war-with-china-is-good-for-bitcoin-mining