LearnBitcoin
Active member
- Messages
- 101
- Reaction score
- 71
- Points
- 28
I was reading a Take on Bitcoin Magazine, and they explicitly shared that.
"The increased Chinese tariffs on the U.S. will make it more costly for U.S.-based public Bitcoin mining companies to purchase ASICs (the premier machines used to mine bitcoin), the majority of which are produced in China.
And this will be largely beneficial for the health of the Bitcoin mining ecosystem"
I don't really understand the fact that how it will be beneficial for the Bitcoin mining ecosystem?
Does it mean that difficulties won't increase much as before?
You can read the full article here: https://bitcoinmagazine.com/takes/the-u-s-tariff-war-with-china-is-good-for-bitcoin-mining
"The increased Chinese tariffs on the U.S. will make it more costly for U.S.-based public Bitcoin mining companies to purchase ASICs (the premier machines used to mine bitcoin), the majority of which are produced in China.
And this will be largely beneficial for the health of the Bitcoin mining ecosystem"
I don't really understand the fact that how it will be beneficial for the Bitcoin mining ecosystem?
Does it mean that difficulties won't increase much as before?
You can read the full article here: https://bitcoinmagazine.com/takes/the-u-s-tariff-war-with-china-is-good-for-bitcoin-mining