Trump’s tariffs squeeze Bitcoin miners already struggling – Briins Executive

The new trade tariffs announced by US President Donald Trump, according to an industry executive, could put pressure on the Bitcoin mining ecosystem both domestically and globally.

The US is home to Bitcoin (BTC) mining manufacturers such as Aurazine, but Kristian Csepcsar, chief marketing officer at BTC Mining Tech Provider Braiins, told CointeLegraph.

On April 2, Trump announced cleaning fees, imposing 10% tariffs on all countries exporting to the United States and introducing “mutual” collections targeting major US trading partners.

Community members are discussing the potential impact of tariffs on Bitcoin, with some saying that the impact is exaggerated, while others viewing them as serious threats.

Customs Tariffs: Existing Mining Challenges

CSEPCSAR said mining has already gone through difficult times and points to key indicators like BTC Hashpris.

Hashprice – The measure of daily revenues of miners per unit of hash power spent mining BTC blocks has been declining since 2022, falling to a low of $50 for the first time in 2024.

According to Bitbo data, BTC Hashpris was hovering at a record low of $53 on March 30th.

“Hashpris is a key metric miner that continues to understand revenue. It is the dollars that one Terrahash makes a day. It is a key profitability metric, and has never been, ever.”

He added that tariffs on mining equipment have already increased under the Biden administration in 2024, citing comments from Summer Men, general manager of Chinese crypto mining supplier Bitmar.

“But they continue to get tougher under Trump,” CSEPCSAR adds, and will be subject to new tariffs, referring to companies such as China-based Bitmain, the world’s largest ASIC manufacturer.

Trump’s latest measures include an additional 34% tariff on existing 20% ​​collection on China’s mining imports. In response, China reportedly imposed its own retaliatory tariffs on April 4th.

BTC mining companies will lose in the short term

CSEPCSAR also noted that cutting-edge chips for crypto mining are currently being produced on a large scale in countries such as Taiwan and South Korea, which have suffered new 32% and 25% tariffs respectively.

“It will take the US 10 years to catch up with cutting-edge chip manufacturing, so once again, companies, including American companies, are losing in the short term,” he said.

CSEPCSAR also observed that some countries in independent state regions, including Russia and Kazakhstan, are increasing their mining efforts and could overtake the United States in hashrate control.

Related: Bitcoin mining reduces coal energy by 43% since 2011 – Report

“If we continue to see the trade war, these areas with low tariffs and low mining conditions can see a big boom,” CSEPCSAR warned.

The newly announced tariffs could damage Bitcoin mining both globally and in the US, making it even more difficult for Trump to maintain his promise to make the US a global mining leader.

Trump’s attitude towards Crypto has changed many times over the years. As his administration is more embracing the agenda of custody, it remains to be seen how the latest economic policies will affect his long-term strategy for digital assets.

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