Bitmain introduces the Antminer S17 Pro, Antminer S17, and the Antminer T17

[philipma1957]

Trump is talking tough  about tariffs.  We could see a jump up from the 27.6% number  maybe 33-37%.

The stock market has tanked over the news the last 2 days.  A jump to 35% will put a real hurt on sales to USA.

I think this will be very interesting  if tax goes from 27.6 to 33 or 35 or worse 40%.

[1714002797]

1714002797

[MoparMiningLLC]

Trump is talking tough  about tariffs.  We could see a jump up from the 27.6% number  maybe 33-37%.

The stock market has tanked over the news the last 2 days.  A jump to 35% will put a real hurt on sales to USA.

I think this will be very interesting  if tax goes from 27.6 to 33 or 35 or worse 40%.

I am all for the reasons/purposes of the tariff but damn I still dont like having to pay them.

[philipma1957]

Well while I don't like them

they started in late sept 2018

the peak diff was oct 4 2018

and we are still well under that number.

Latest Block:   575133  (7 minutes ago)
Current Pace:   94.5891%  (574 / 606.84 expected, 32.84 behind)
Current Difficulty:   6702169884349.173XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 6347835110830 and 6524309782234
Next Difficulty Change:   between -5.2869% and -2.6538%
Previous Retarget:   last Saturday at 4:24 AM
Next Retarget (earliest):   May 18, 2019 at 1:47 PM  (in 10d 4h 14m 51s)
Next Retarget (latest):   May 18, 2019 at 11:37 PM  (in 10d 14h 4m 53s)
Projected Epoch Length:   between 14d 9h 23m 13s and 14d 19h 13m 14s

I would argue the trump tax is very much responsible for stunted difficulty.  Since Oct 4 2018

Sooo Maybe  a jump to 40%  slows difficulty some more.

[kano]

USA is far from a majority of miners ...

... and EU pays a high import duty also ...

Remember there are other (larger) countries than the USA ... blaming Trump is just a pushing a (false) political agenda.

[mgoz]

I still only paid 2.6% through DHL. I edited this post because I researched further and found 8543.70.9960 listed in additional 25% June 2018 tariff list. I wasn't aware there were multiple lists and only looking at September 2018. Guess I'll wait and see if they hit me with another bill.
https://ustr.gov/sites/default/files/2018-13248.pdf

[philipma1957]

USA is far from a majority of miners ...

... and EU pays a high import duty also ...

Remember there are other (larger) countries than the USA ... blaming Trump is just a pushing a (false) political agenda.

What makes you think I am blaming him. I am giving Trump credit for helping control the worldwide difficulty of mining. I have stated this multiple times and will continue to state it. He invoked the Trump tax in Sept of 2018 and Starting in Oct of 2018 diff dropped and is yet to recover. I hope he boosts tax more to 40%.

Between his tax and Europe's tax  many nation's are not able to compete which lower's the difficulty.

I would have more than 1.3ph vs my current 570th if not for trump tax. Many of us miners in USA have not expanded mining or purchased gear. While you may think USA is not big if it is under 20% of the world I would be surprised.

And if it stayed flat at 9000ph  since OCT   vs going to 18000ph   The trump tax would  be a large reason for this happening. I think it is great and helps BTC not hurts it.  Anything that slows difficulty and forces miners to build solar + wind power ahead of buying more gear works for me.

So Kano I am surprised you think I dislike the Trump Tax.

Now all importers must hate it and I get that.  But frankly I like the Trump Tax on mining gear as I think it helps USA buyer from buying too much gear.

Just as VAT hold back Europeans from buying too much gear.  Rather than building renewable power.

[rz66]

i’ll send dogecoin to everybody if we stop talking about that orange popsicle

[philipma1957]

i’ll send dogecoin to everybody if we stop talking about that orange popsicle

While you are funny and I did smile. It is his tax  

It may be one of the correct moves made by him.  As it looks like a big factor in the slowing of difficulty since Oct 2018.

For all of us other then sellers of new gear anything keeping difficulty in check is okay by me. This also helps non European countries along with anyone not subject to the 27.6% tax.

Still have to think a lot more of the gear would be sold if USA dropped to 2.6%

[rz66]

the price drop and bear market last year was a major factor in difficulty dropping because it became more expensive, if 75% of mining is coming out of china unfortunately the usa is not the center of the mining universe, what so ever ! my opinion anyway .. bitfury up here in canada churns out a lot of custom servers for company’s as well.

2 years ago i got away with a batch of 10 s9is and i guess bitmain didn’t include a slip for value and when dhl contacted us about the value i said they were warrantly replacements 200$ value each and dodged most of the duty lol not sure how they screwed that up but was a blessing.

[philipma1957]

My guess is 15 to 20% max in USA.

[Thetaj]

shit fam, whats the net tax you guys pay for the miners? I bet its less than what we asians have to pay.

Escape the system? Sure.......just pay the system first lol

[MoparMiningLLC]

shit fam, whats the net tax you guys pay for the miners? I bet its less than what we asians have to pay.

Escape the system? Sure.......just pay the system first lol

so far (I am in the US) 21 miners ordered and paid for and so far zero in taxes.... knock on wood.

[rz66]

so far (I am in the US) 21 miners ordered and paid for and so far zero in taxes.... knock on wood.

was that 2k a miner? so 10,500 usd tariffs coming at you.. it’ll be worth it imo adds 2-3 months to reach ur roi maybe

[MoparMiningLLC]

was that 2k a miner? so 10,500 usd tariffs coming at you.. it’ll be worth it imo adds 2-3 months to reach ur roi maybe

Not all were that expensive - The T15's were $700 or close to that - so I think a few of them are below the tax limit.

[OgNasty]

Not all were that expensive - The T15's were $700 or close to that - so I think a few of them are below the tax limit.

The tax bill I paid for the S17Pro was somewhere around $700 also. It will come.

[philipma1957]

The tax bill I paid for the S17Pro was somewhere around $700 also. It will come.

jeez that is a mofo  damn    50th earns about 300 a month with free power   so if your power is free it is 70 days  of mining.

With tax and shipping were you closer to 2950 or 3100 for batch one?

[Artemis3]

So, are you people still not seriously considering moving your mining operations abroad?

[MoparMiningLLC]

So, are you people still not seriously considering moving your mining operations abroad?

I wouldnt put my gear anywhere I couldnt go see it myself within a 2 min walking distance of my house.

[Biffa]

I wouldnt put my gear anywhere I couldnt go see it myself within a 2 min walking distance of my house.

LOL why?

[Thetaj]

I wouldnt put my gear anywhere I couldnt go see it myself within a 2 min walking distance of my house.

Glad I'm not the only paranoid mofo here.