Tariff War Triggers Miners’ Scramble for Chinese Mining Machines to Hedge Against Future Price Hikes

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Since Trump announced the indiscriminate retaliatory tariff policy targeting almost all countries on April 4, 2025, the significant trade impact has caused a global uproar. In particular, the tariffs on China have been continuously increasing, currently reaching as high as 145%, and there is still policy uncertainty. As the largest exporter of Bitcoin mining machines, the skyrocketing tariffs on Chinese mining machines have led large-scale miners to charter cargo flights overnight to purchase Chinese mining machines in bulk. The logistics cost of the cargo flights is as high as $3 million or more, but they are willing to pay the price. It is estimated that in the first quarter of 2025, the United States imported more than $860 million worth of mining machines, and the new policy is expected to increase the price of mining machines by at least 22% to 36%.

 

 

Since this tariff war was initiated by the United States against transactions between other countries and the U.S., it is mostly American miners who are paying the price for the impact. Currently, American miners are the main group in global mining, with the U.S. mining industry’s computing power accounting for about 40% of the total network computing power. However, the tariff war has brought extremely significant cost pressures to the American mining industry, which seems to go against Trump’s campaign promise to make every new Bitcoin be born in the United States. While this policy suppresses the competitiveness of American miners, it may also be beneficial to miners in other regions.

 

The price of Bitcoin, after experiencing the tariff fluctuations, has temporarily stabilized at around $80,000. For most miners, this is actually a pretty good price. The current total network computing power is above 900E. Without considering the revenue from GAS fees, the actual average shutdown price of Bitcoin globally (assuming an electricity cost of 6 cents) is approximately between $65,000 and $67,000. Despite numerous industry data indicating that mining is becoming increasingly difficult and more costly, the stable growth of mining machines in global trade proves that the mining industry is continuously increasing its investment, and the mining sector remains an objective bull market that continues to attract investors. This undoubtedly proves that Bitcoin is no longer attracting investors like other cryptocurrencies due to its extreme price volatility, but rather, it is more like gold, allowing investors to remain confident in its stable long-term value despite price fluctuations. The average energy efficiency ratio of global mining machines has now increased from 23J/T to 21.5J/T, and machines with lower and better energy efficiency ratios are replacing the once-mainstream S19 mining machines.

 

if you are also bullish on BTC mining, SC MINER recommends several ASICs with low shutdown prices and high cost-effectiveness to you.

 

The ANTMINER S21 series is the absolute king of energy efficiency ratios among BTC ASICs, and this brand’s machines are comprehensively strong and trusted by miners. Taking the ANTMINER S21 XP 270T  as an example, it currently mines about 0.0001404BTC per day, worth about $12. When the electricity price is 6 cents, the shutdown price is approximately $38,000.

 

The WHATSMINER M60/M50, on the other hand, has the advantage of maintaining good working conditions under extreme weather, with the WHATSMINER M60S as a case in point. It has been proven that in the cold weather of North America or in the large diurnal temperature difference of the Middle East, this machine has a very low failure rate, which helps to reduce overall costs. Additionally, its hardware total cost is not high, and it currently mines about 0.00009672BTC per day, easy to payback. When the electricity price is 6 cents, the shutdown price is approximately $52,000. For miners in the Middle East with electricity subsidies, if the electricity cost is controlled at 2 cents, the shutdown price can be as low as $17,500.

 

Welcome to consult our sellers for the most suitable BTC ASIC and trading methods for you! We have warehouses in HK, Dubai, and Moscow, with a large inventory of spot/futures from brands such as ANTMINER/WHATSMINER available for shipping from multiple countries and can assist with customs declarations at the delivery location.

 

Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

 

SC MINER is the world’s most renowned international mining equipment trader and a core agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales. SC MINER’s sales team has been serving miners in dozens of countries globally since 2017, with ample experience and outstanding integrity to maximize your value!

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