Opinion: If Trump Imposes Tariffs on Bitcoin Mining Machines, Russia Could Emerge as a Major Beneficiary of Bitcoin Mining

BlockBeats News, May 7th, Russian Bitcoin mining technology company Luxor expects that if Trump imposes a comprehensive tariff on the Bitcoin industry's supply chain, Russia will be a major beneficiary, as most Bitcoin mining hardware is still designed outside the United States. For a long time, this industry has been dominated by Antminer, a mining machine under Bitmain, with a market share of over 80%.

Furthermore, benefiting from the cost advantage of energy and the gradual relaxation of cryptocurrency regulations, Bitcoin mining activities in Russia have grown significantly. Despite facing sanctions from Western countries, the Russian government is still promoting the legalization of cryptocurrency, especially in international payments and mining. Experts point out that although Russia has made progress in the cryptocurrency field, utilizing cryptocurrency to massively evade sanctions remains challenging due to market liquidity constraints.