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Bitcoin Hashrate At Risk? US Trade War Could Hit 5% Mining Power

  • The trade war between the US and Canada could disrupt Bitcoin mining operations, potentially affecting up to 1.5 million customers in New York, Michigan, and Minnesota.
  • Miners in the US Northeast, specifically along the New York-Canada border, face a significant risk if Ontario curtails or halts electricity exports.
  • The potential loss of 300-500 MW of Bitcoin mining capacity accounts for between 2.5% and 5% of global hashrate.
  • Higher energy prices due to tariffs could make current Bitcoin mining machines unprofitable, leading to a decline in Bitcoin's hashrate.

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