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Author Topic: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware  (Read 26696 times)
Biffa
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November 29, 2019, 02:04:52 PM
Last edit: November 30, 2019, 02:42:04 AM by frodocooper
 #201

Part of the issue is theft of IP  which China is pretty famous for or at least has been accused of doing.

Whether  you build in China India or Mexico vs USA the smaller customer gets stuck one way or the other.

But if you only build in 1 country you don't have any flexibility to negotiate with the factory/government location.

If Apple had factories in China ,India, Mexico and USA  vs Factories in China  it gives them more flexibility to tell any location fuck you I will lower production here and ramp it up in other country.

It also helps lower theft of IP  since if it happens while using the China location apple can say fuck you I will reduce production next year to punish you for theft of IP.

Sounds like FUD to me. I'll leave it at that, don't want to derail the thread too much Grin

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December 14, 2019, 09:38:33 PM
Last edit: March 16, 2020, 12:56:40 AM by frodocooper
 #202

the whole tariff is based on fud.

Okay looks like some action

from Sara Cook on twitter

https://twitter.com/saraecook/status/1205513023500300288

from prez Trump

https://twitter.com/realDonaldTrump/status/1205509125788098560

not sure if this links will work but it apppears  to moving in a better direction.

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December 15, 2019, 12:48:54 AM
Last edit: December 16, 2019, 12:57:22 AM by frodocooper
 #203

Unsure what you mean if the "25% Tariff remains as is" which is probably most stuff that is not related ro Agriculture. Sad

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December 15, 2019, 02:47:00 AM
Last edit: December 16, 2019, 12:57:40 AM by frodocooper
 #204

staying at 25% is better then adding 10% penalty on dec 15th.

and they actually claim to have a phase one agreement.

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December 15, 2019, 03:00:54 AM
Last edit: December 16, 2019, 12:58:26 AM by frodocooper
Merited by vapourminer (1)
 #205

Yeah, forgot to mention it is good the other 10% was not added on to this. But Phase one is simply (mostly) agriculture, which in 20/20 hindsight probably neither China nor the USA would ever go down that road again, too much backlash. Better to just have the 25% on more or less everything to 'dilute' the backlash. Those 'pesky' farmers were noisy, on news and all, as a specific united group. I see under the classification now ASIC's are called 'electronic components' or some such. Which is too bad because there was some talk of exempting I think it was laptops for Christmas a while back? (Not sure if desktops).

Anyway, that would maybe be the next thing taken out of the tariff IMHO, but we are gonna, 'specific' consumer products by name, to lessen the pressure. miss that loophole I guess. I'm just 'wizing in the creek' here ..not like at these prices for ASIC equipment, even without the tariffs, at 10c kWh electric I could realistically spring for any equipment anyway. But, like an old 'retired' HOME ASIC miner (now defunct species) I like to follow my quaint historical past and/or see how others with better options are dealing with all this. Smiley

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December 20, 2019, 04:03:40 PM
 #206

Does anyone have any news about the CBP complaint about the tariff with the reasoning "no (US) compatible product" went anywhere?
(I guess not as the tariff is still alive)
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March 15, 2020, 12:53:46 PM
Last edit: March 16, 2020, 12:57:13 AM by frodocooper
 #207

I wonder if trump will jack tarriff due to corona-v

or if he will suspend the tarriff due to corona-v

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March 15, 2020, 06:17:13 PM
Last edit: March 16, 2020, 12:58:13 AM by frodocooper
 #208

I looked on https://www.asicminervalue.com/miners/bitmain/antminer-s19-pro-110th

May 2020 due
   
110Th/s bitmain
   
3250W
   
75db
   
SHA-256
   
$2.84 /day as of this moment. Add the tariff and the fact that halving is what 6 weeks away? By the time you get this all things the same will be half of this? indeed at these prices after halving ...well I won't go there. The above is at 10c kWh, but even at 1/2 of that in power it still sucks big time even without tariff with halving. Sad

but IMHO, the tariffs will stay, to get rid of the tariffs would mean Trump would have to admit they had 'hampered' trade and not helped the USA which is counter to all he has said the last year...anyway as I see this...politically folk are not paying attention to it so why bring it up?...he will let it lie IMHO.

brad

edit: wrong price above at 10c kWh corrected such.

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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