Russia, a new crypto-mining paradise? By announcing new customs duties on importsthe United States and President Donald Trump have indirectly impacted the importation of Bitcoin mining machines (BTC) on US soil. And while American cryptocurrencies are trying to adapt to this situation, other countries may well take out of the game. This is particularly the case with the Russiawhich could paradoxically become the main beneficiary of these American customs tariffs.
- Russia appears as an indirect winning potential for American customs duties, which affect Bitcoin mining machines.
- With in addition to abundant and cheap energy resources, Russia could become a privileged destination for BTC minors.
Russia, better reception land for bitcoin minors?
According to a recent report published by The Block, the Federation of Russia should enjoy By turnout of the news customs policies envisaged by the United States. Indeed, faced with the potential increase in import duties in the USA on crypto-mining machines (ASIC), Russian companies could benefit from more competitive prices To acquire mining equipment from Bitcoin.
Especially since Russia has abundant and inexpensive energy resourceswhich makes it a destination of choice for BTC minors. According to Ethan VeraCOO of Luxor Technology (company specializing in crypto-mining), if customs duties were to be applied in their entirety, Russian crypto-mining companies will be able to obtain machines at a lower cost that their American counterparts.
« To date, we have customs duties of 12.6 % on the units [ASIC] shipped from Asia to the United States. (…) We expected these rights to increase next July, going from 26.6 % to 38.6 % depending on the country of origin. It is of course possible that these prices are renegotiated before the 90 -day break [sur les nouveaux droits de douane] ».
Ethan Vera, Luxor Technology operating director
American minors under pressure from international competition
And for the misfortune of cryptocurrency based in the USA, Russia is not the only country that will have cheaper asicthe latter being largely exported from China.
Thus, investment in crypto-mining infrastructure could be more on the CanadaL’Northern EuropeL’EthiopiaTHE BrazilL’ArgentinaTHE Chile and the Paraguayif customs duties to imports into the United States double or triple.
Despite everything, some players in the US sector of mining remain optimistic. Luxor Technology, for example, is focusing The production of mining machines in the United States To reduce its dependence on imports. A strategy that could bear fruit in the long term.
While American minors therefore face major challenges, Russia could well become the new paradise of bitcoin minors. With cheaper mining machines and abundant energy, the country of Vladimir Putin is one of those who have the most cards in hand to indirectly enjoy the potential additional customs in the USA. The geostrategic war for BTC’s mining is barely starting.